Cantor Fitzgerald reiterated their buy rating on shares of United Dominion Realty Trust, Inc. (NYSE:UDR) in a research report report published on Wednesday morning. Cantor Fitzgerald currently has a $42.00 price target on the real estate investment trust’s stock.

Several other research analysts also recently issued reports on UDR. Zacks Investment Research raised United Dominion Realty Trust from a hold rating to a buy rating and set a $42.00 price objective for the company in a research note on Thursday, July 13th. UBS AG raised United Dominion Realty Trust from a neutral rating to a buy rating and upped their price objective for the company from $39.00 to $43.00 in a research note on Friday, September 8th. Morgan Stanley raised United Dominion Realty Trust from an underweight rating to an equal weight rating in a research note on Wednesday, August 16th. They noted that the move was a valuation call. BidaskClub downgraded United Dominion Realty Trust from a strong-buy rating to a buy rating in a research note on Tuesday, July 11th. Finally, BMO Capital Markets reaffirmed a hold rating and issued a $39.00 price objective on shares of United Dominion Realty Trust in a research note on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $39.55.

Shares of United Dominion Realty Trust (NYSE UDR) traded up 0.54% on Wednesday, hitting $38.92. 500,086 shares of the stock traded hands. United Dominion Realty Trust has a 1-year low of $32.79 and a 1-year high of $40.71. The stock has a market cap of $10.41 billion, a PE ratio of 35.19 and a beta of 0.40. The stock has a 50 day moving average of $39.01 and a 200-day moving average of $37.99.

United Dominion Realty Trust (NYSE:UDR) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.47 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The firm had revenue of $247.97 million during the quarter, compared to the consensus estimate of $244.17 million. United Dominion Realty Trust had a return on equity of 10.40% and a net margin of 30.74%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, equities research analysts expect that United Dominion Realty Trust will post $0.25 EPS for the current year.

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In related news, VP Warren L. Troupe sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $39.05, for a total value of $585,750.00. Following the sale, the vice president now directly owns 561,075 shares in the company, valued at $21,909,978.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas W. Toomey sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $38.86, for a total value of $1,165,800.00. Following the completion of the sale, the chief executive officer now owns 1,106,295 shares in the company, valued at $42,990,623.70. The disclosure for this sale can be found here. Corporate insiders own 3.07% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Quantitative Investment Management LLC boosted its holdings in shares of United Dominion Realty Trust by 429.7% during the 2nd quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock worth $5,903,000 after buying an additional 122,900 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of United Dominion Realty Trust by 12.1% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 39,938 shares of the real estate investment trust’s stock worth $1,448,000 after buying an additional 4,300 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of United Dominion Realty Trust by 10.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,433,637 shares of the real estate investment trust’s stock worth $51,984,000 after buying an additional 139,511 shares in the last quarter. Bank of Nova Scotia boosted its holdings in shares of United Dominion Realty Trust by 938.2% during the 1st quarter. Bank of Nova Scotia now owns 61,148 shares of the real estate investment trust’s stock worth $2,217,000 after buying an additional 55,258 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in shares of United Dominion Realty Trust by 6.1% during the 1st quarter. Macquarie Group Ltd. now owns 818,765 shares of the real estate investment trust’s stock worth $29,688,000 after buying an additional 47,157 shares in the last quarter. Institutional investors and hedge funds own 97.68% of the company’s stock.

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.

Analyst Recommendations for United Dominion Realty Trust (NYSE:UDR)

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