United Dominion Realty Trust (NYSE:UDR) COO Michael Lacy Sells 10,000 Shares of Stock

United Dominion Realty Trust, Inc. (NYSE:UDR) COO Michael Lacy sold 10,000 shares of United Dominion Realty Trust stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $36.48, for a total value of $364,800.00. Following the completion of the transaction, the chief operating officer directly owned 783 shares of the company’s stock, valued at approximately $28,563.84. This represents a 92.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

United Dominion Realty Trust Stock Down 0.6%

Shares of NYSE:UDR opened at $37.00 on Friday. The firm has a market capitalization of $11.89 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 8.14 and a beta of 0.70. United Dominion Realty Trust, Inc. has a 1 year low of $33.10 and a 1 year high of $42.00. The company has a debt-to-equity ratio of 1.87, a current ratio of 3.44 and a quick ratio of 4.22. The firm’s 50-day moving average is $34.94 and its two-hundred day moving average is $36.80.

United Dominion Realty Trust (NYSE:UDR) last posted its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $0.67 EPS for the quarter. The business had revenue of $428.08 million during the quarter. United Dominion Realty Trust had a net margin of 40.75% and a return on equity of 22.39%. Analysts predict that United Dominion Realty Trust, Inc. will post 2.54 EPS for the current year.

United Dominion Realty Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.1450 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.7%. United Dominion Realty Trust’s dividend payout ratio is currently 82.08%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Piper Sandler decreased their target price on United Dominion Realty Trust from $41.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, October 12th. The Goldman Sachs Group reissued a “sell” rating and set a $38.00 target price on shares of United Dominion Realty Trust in a research note on Thursday, July 30th. Wells Fargo & Company cut their price target on United Dominion Realty Trust from $43.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $44.00 price target on shares of United Dominion Realty Trust in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. increased their price target on United Dominion Realty Trust from $39.00 to $41.00 and gave the company an “underweight” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, United Dominion Realty Trust has a consensus rating of “Hold” and a consensus price target of $40.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UDR. New Mexico Educational Retirement Board raised its stake in United Dominion Realty Trust by 7.2% in the second quarter. New Mexico Educational Retirement Board now owns 14,900 shares of the real estate investment trust’s stock valued at $595,000 after buying an additional 1,000 shares in the last quarter. Addison Advisors LLC purchased a new stake in United Dominion Realty Trust during the 2nd quarter worth about $58,000. Northwestern Mutual Wealth Management Co. purchased a new stake in United Dominion Realty Trust during the 2nd quarter worth about $75,000. Allworth Financial LP acquired a new position in shares of United Dominion Realty Trust during the 2nd quarter worth about $106,000. Finally, Westpac Banking Corp acquired a new position in shares of United Dominion Realty Trust during the 2nd quarter worth about $114,000. Institutional investors and hedge funds own 97.82% of the company’s stock.

About United Dominion Realty Trust

United Dominion Realty Trust, Inc (NYSE: UDR) is a real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company generates revenue primarily by leasing apartments and related residential units to individuals and households.

UDR’s portfolio includes conventional apartment communities as well as residential properties with amenities and services designed to support renter convenience and engagement. Its operations encompass property management, resident services, renovations, development and strategic acquisitions.

Founded in 1972, UDR has grown into a multifamily housing owner and operator serving selected markets across the United States.