Analyzing United Dominion Realty Trust (UDR) and Its Peers
United Dominion Realty Trust (NYSE: UDR) is one of 43 publicly-traded companies in the “Residential REITs” industry, but how does it weigh in compared to its competitors? We will compare United Dominion Realty Trust to similar companies based on the strength of its dividends, earnings, analyst recommendations, risk, profitability, valuation and institutional ownership.
Insider and Institutional Ownership
97.7% of United Dominion Realty Trust shares are owned by institutional investors. Comparatively, 77.9% of shares of all “Residential REITs” companies are owned by institutional investors. 3.1% of United Dominion Realty Trust shares are owned by company insiders. Comparatively, 7.1% of shares of all “Residential REITs” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
United Dominion Realty Trust pays an annual dividend of $1.24 per share and has a dividend yield of 3.2%. United Dominion Realty Trust pays out 112.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Residential REITs” companies pay a dividend yield of 3.3% and pay out 119.7% of their earnings in the form of a dividend. United Dominion Realty Trust has raised its dividend for 7 consecutive years.
Risk and Volatility
United Dominion Realty Trust has a beta of 0.4, indicating that its share price is 60% less volatile than the S&P 500. Comparatively, United Dominion Realty Trust’s competitors have a beta of 0.61, indicating that their average share price is 39% less volatile than the S&P 500.
Earnings & Valuation
This table compares United Dominion Realty Trust and its competitors top-line revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|United Dominion Realty Trust||$979.22 million||$616.47 million||35.19|
|United Dominion Realty Trust Competitors||$702.65 million||$394.70 million||0.58|
United Dominion Realty Trust has higher revenue and earnings than its competitors. United Dominion Realty Trust is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
This table compares United Dominion Realty Trust and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|United Dominion Realty Trust||30.74%||10.40%||3.97%|
|United Dominion Realty Trust Competitors||17.27%||5.14%||1.93%|
This is a summary of recent ratings and recommmendations for United Dominion Realty Trust and its competitors, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|United Dominion Realty Trust||2||9||3||0||2.07|
|United Dominion Realty Trust Competitors||287||1333||1268||36||2.36|
United Dominion Realty Trust presently has a consensus price target of $38.56, indicating a potential downside of 0.40%. As a group, “Residential REITs” companies have a potential upside of 1.45%. Given United Dominion Realty Trust’s competitors stronger consensus rating and higher probable upside, analysts clearly believe United Dominion Realty Trust has less favorable growth aspects than its competitors.
United Dominion Realty Trust beats its competitors on 8 of the 15 factors compared.
About United Dominion Realty Trust
UDR, Inc. is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other. As of December 31, 2016, the Company’s consolidated real estate portfolio included 127 communities located in 18 markets, with a total of 39,454 completed apartment homes. As of December 31, 2016, the Company also had an ownership interest in 27 communities containing 6,849 apartment homes through unconsolidated joint ventures or partnerships. As of December 31, 2016, the Company’s properties were in various locations, such as Orange County, San Francisco and Los Angeles in California; Seattle, Washington; Richmond, Virginia; Baltimore, Maryland; Orlando and Tampa in Florida; Nashville, Tennessee, and Dallas and Austin in Texas.
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