United Dominion Realty Trust, Inc. (NYSE:UDR) has been given a $40.00 price target by research analysts at BMO Capital Markets in a research report issued on Tuesday. The firm presently has a “hold” rating on the real estate investment trust’s stock. BMO Capital Markets’ target price suggests a potential upside of 3.12% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on UDR. Cantor Fitzgerald restated a “buy” rating and set a $42.00 price objective on shares of United Dominion Realty Trust in a report on Wednesday, September 13th. UBS AG upgraded United Dominion Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $39.00 to $43.00 in a report on Friday, September 8th. Zacks Investment Research upgraded United Dominion Realty Trust from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Thursday, July 13th. BidaskClub cut United Dominion Realty Trust from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, Morgan Stanley upgraded United Dominion Realty Trust from an “underweight” rating to an “equal weight” rating in a report on Wednesday, August 16th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. United Dominion Realty Trust presently has a consensus rating of “Hold” and an average price target of $39.75.

COPYRIGHT VIOLATION WARNING: “United Dominion Realty Trust, Inc. (UDR) PT Set at $40.00 by BMO Capital Markets” was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://theolympiareport.com/2017/11/02/united-dominion-realty-trust-inc-udr-pt-set-at-40-00-by-bmo-capital-markets.html.

In other United Dominion Realty Trust news, Director Jon A. Grove sold 7,500 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $37.74, for a total transaction of $283,050.00. Following the transaction, the director now owns 452,808 shares in the company, valued at $17,088,973.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas W. Toomey sold 30,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $38.86, for a total value of $1,165,800.00. Following the transaction, the chief executive officer now owns 1,106,295 shares in the company, valued at approximately $42,990,623.70. The disclosure for this sale can be found here. Insiders sold 67,500 shares of company stock worth $2,586,750 in the last 90 days. Company insiders own 3.07% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Paloma Partners Management Co boosted its position in United Dominion Realty Trust by 3.8% during the first quarter. Paloma Partners Management Co now owns 10,400 shares of the real estate investment trust’s stock worth $377,000 after purchasing an additional 379 shares in the last quarter. UBS Group AG raised its holdings in shares of United Dominion Realty Trust by 47.7% during the first quarter. UBS Group AG now owns 29,567 shares of the real estate investment trust’s stock valued at $1,072,000 after acquiring an additional 9,544 shares during the last quarter. Gotham Asset Management LLC acquired a new position in shares of United Dominion Realty Trust during the first quarter valued at approximately $1,126,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of United Dominion Realty Trust by 12.1% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 39,938 shares of the real estate investment trust’s stock valued at $1,448,000 after acquiring an additional 4,300 shares during the last quarter. Finally, Bank of Nova Scotia raised its holdings in shares of United Dominion Realty Trust by 938.2% during the first quarter. Bank of Nova Scotia now owns 61,148 shares of the real estate investment trust’s stock valued at $2,217,000 after acquiring an additional 55,258 shares during the last quarter. Institutional investors own 97.25% 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)

Receive News & Ratings for United Dominion Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Dominion Realty Trust Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.