Zacks: Brokerages Expect United Dominion Realty Trust, Inc. (UDR) to Announce $0.47 Earnings Per Share

Equities analysts expect that United Dominion Realty Trust, Inc. (NYSE:UDR) will report earnings of $0.47 per share for the current quarter, according to Zacks. Four analysts have made estimates for United Dominion Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.47. United Dominion Realty Trust posted earnings of $0.45 per share during the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The business is scheduled to report its next earnings results on Tuesday, October 24th.

On average, analysts expect that United Dominion Realty Trust will report full year earnings of $1.86 per share for the current year, with EPS estimates ranging from $1.84 to $1.88. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.94 per share, with EPS estimates ranging from $1.90 to $1.98. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow United Dominion Realty Trust.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. United Dominion Realty Trust had a return on equity of 10.40% and a net margin of 30.74%. The company had revenue of $247.97 million for the quarter, compared to analyst estimates of $244.17 million. During the same period in the previous year, the company posted $0.45 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis.

Several brokerages 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 on the stock in a research note on Thursday, July 13th. BTIG Research increased their price objective on United Dominion Realty Trust from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. Cantor Fitzgerald reissued a “buy” rating and issued a $39.00 price objective on shares of United Dominion Realty Trust in a research note on Monday, April 24th. Royal Bank Of Canada reissued a “neutral” rating on shares of United Dominion Realty Trust in a research note on Sunday, July 16th. Finally, BMO Capital Markets reissued 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. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.82.

In other news, VP Warren L. Troupe sold 15,000 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now owns 561,075 shares of the company’s stock, valued at approximately $21,909,978.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas W. Toomey sold 25,000 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $38.45, for a total value of $961,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,136,295 shares of the company’s stock, valued at approximately $43,690,542.75. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock valued at $1,934,200 in the last three months. Insiders own 3.07% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Sanctuary Wealth Advisors LLC boosted its stake in United Dominion Realty Trust by 100.0% in the first quarter. Sanctuary Wealth Advisors LLC now owns 3,402 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 1,701 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in United Dominion Realty Trust by 11.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,646 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 577 shares during the last quarter. Tiedemann Wealth Management LLC acquired a new stake in United Dominion Realty Trust during the first quarter worth $207,000. Princeton Alpha Management LP acquired a new stake in United Dominion Realty Trust during the first quarter worth $216,000. Finally, Pacer Advisors Inc. boosted its stake in United Dominion Realty Trust by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,000 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 192 shares during the last quarter. 98.85% of the stock is owned by hedge funds and other institutional investors.

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United Dominion Realty Trust (NYSE:UDR) traded down 0.58% during midday trading on Wednesday, hitting $39.09. The company had a trading volume of 1,368,909 shares. The company has a market capitalization of $10.46 billion, a P/E ratio of 35.34 and a beta of 0.38. The stock has a 50 day moving average price of $39.15 and a 200 day moving average price of $37.18. United Dominion Realty Trust has a 52 week low of $32.79 and a 52 week high of $40.71.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 10th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.17%. United Dominion Realty Trust’s payout ratio is 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.

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

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