United Dominion Realty Trust, Inc. (NYSE:UDR) Expected to Post FY2017 Earnings of $1.86 Per Share

United Dominion Realty Trust, Inc. (NYSE:UDR) – Stock analysts at Cantor Fitzgerald lowered their FY2017 earnings per share (EPS) estimates for shares of United Dominion Realty Trust in a research note issued to investors on Tuesday. Cantor Fitzgerald analyst G. Mehta now anticipates that the real estate investment trust will earn $1.86 per share for the year, down from their prior estimate of $1.87. Cantor Fitzgerald currently has a “Buy” rating and a $39.00 target price on the stock.

United Dominion Realty Trust (NYSE:UDR) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $247.97 million during the quarter, compared to analysts’ expectations of $244.17 million. United Dominion Realty Trust had a return on equity of 10.40% and a net margin of 30.74%. United Dominion Realty Trust’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. TRADEMARK VIOLATION WARNING: “United Dominion Realty Trust, Inc. (NYSE:UDR) Expected to Post FY2017 Earnings of $1.86 Per Share” was originally reported by BNB Daily and is the sole property of of BNB Daily. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.baseball-news-blog.com/2017/08/19/united-dominion-realty-trust-inc-nyseudr-expected-to-post-fy2017-earnings-of-1-86-per-share-updated.html.

A number of other equities research analysts also recently weighed in on UDR. Zacks Investment Research upgraded United Dominion Realty Trust from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Thursday, July 13th. BidaskClub downgraded United Dominion Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BMO Capital Markets restated a “hold” rating and issued a $39.00 target price on shares of United Dominion Realty Trust in a research report on Tuesday, July 4th. Royal Bank Of Canada restated a “neutral” rating on shares of United Dominion Realty Trust in a research report on Sunday, July 16th. Finally, BTIG Research downgraded United Dominion Realty Trust from a “buy” rating to a “neutral” rating in a research report on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. United Dominion Realty Trust has a consensus rating of “Hold” and a consensus target price of $38.67.

United Dominion Realty Trust (NYSE:UDR) opened at 38.65 on Wednesday. United Dominion Realty Trust has a one year low of $32.79 and a one year high of $40.71. The firm has a market capitalization of $10.34 billion, a PE ratio of 34.95 and a beta of 0.38. The company’s 50-day moving average price is $39.01 and its 200 day moving average price is $37.29.

Large investors have recently made changes to their positions in the stock. Virginia Retirement Systems ET AL bought a new stake in shares of United Dominion Realty Trust during the first quarter worth approximately $7,259,000. Chevy Chase Trust Holdings Inc. raised its stake in United Dominion Realty Trust by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 231,464 shares of the real estate investment trust’s stock worth $8,393,000 after buying an additional 7,068 shares during the last quarter. Shell Asset Management Co. raised its stake in United Dominion Realty Trust by 1.9% in the first quarter. Shell Asset Management Co. now owns 33,770 shares of the real estate investment trust’s stock worth $1,225,000 after buying an additional 644 shares during the last quarter. Exane Derivatives raised its stake in United Dominion Realty Trust by 1,955,600.0% in the first quarter. Exane Derivatives now owns 19,557 shares of the real estate investment trust’s stock worth $709,000 after buying an additional 19,556 shares during the last quarter. Finally, Retirement Systems of Alabama raised its stake in United Dominion Realty Trust by 2.0% in the first quarter. Retirement Systems of Alabama now owns 129,182 shares of the real estate investment trust’s stock worth $4,684,000 after buying an additional 2,512 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

In other news, SVP Harry G. Alcock sold 10,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $38.72, for a total transaction of $387,200.00. Following the completion of the sale, the senior vice president now owns 115,163 shares in the company, valued at approximately $4,459,111.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Warren L. Troupe sold 15,000 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $39.05, for a total value of $585,750.00. Following the sale, the vice president now owns 561,075 shares of the company’s stock, valued at approximately $21,909,978.75. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock valued at $1,934,200 in the last quarter. Insiders own 3.07% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 10th were given a dividend of $0.31 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.21%. United Dominion Realty Trust’s dividend payout ratio (DPR) is presently 112.73%.

United Dominion Realty Trust Company Profile

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.

Earnings History and Estimates for United Dominion Realty Trust (NYSE:UDR)

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