United Dominion Realty Trust, Inc. (NYSE:UDR – Get Free Report) declared a monthly dividend on Wednesday, April 29th. Stockholders of record on Friday, July 17th will be paid a dividend of 0.145 per share by the real estate investment trust on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, July 17th.
United Dominion Realty Trust has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. United Dominion Realty Trust has a payout ratio of 285.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect United Dominion Realty Trust to earn $2.59 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 67.2%.
United Dominion Realty Trust Price Performance
UDR stock opened at $39.99 on Wednesday. The company has a market capitalization of $12.99 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 13.57 and a beta of 0.71. The business has a 50-day simple moving average of $38.55 and a two-hundred day simple moving average of $37.12. United Dominion Realty Trust has a 52-week low of $32.94 and a 52-week high of $42.00. The company has a debt-to-equity ratio of 1.75, a quick ratio of 5.56 and a current ratio of 5.56.
About United Dominion Realty Trust
United Dominion Realty Trust (NYSE: UDR) is a publicly traded real estate investment trust specializing in the ownership, management, acquisition, development and redevelopment of multifamily apartment communities. The company’s core focus is on Class A and Class A–plus residential properties, offering a diverse portfolio designed to meet the evolving needs of renters. UDR employs a full-service management platform to oversee daily operations, property maintenance, leasing, and resident services, ensuring consistency and quality across its holdings.
UDR’s business activities encompass ground-up development, strategic property redevelopment, and selective acquisitions.
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