United Dominion Realty Trust, Inc. (NYSE:UDR) to Issue Quarterly Dividend of $0.43

United Dominion Realty Trust, Inc. (NYSE:UDR) announced a quarterly dividend on Thursday, December 18th. Stockholders of record on Monday, January 12th will be paid a dividend of 0.43 per share by the real estate investment trust on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, January 12th.

United Dominion Realty Trust has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 15 years. United Dominion Realty Trust has a dividend payout ratio of 282.0% 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 $2.61 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 65.9%.

United Dominion Realty Trust Stock Down 0.8%

United Dominion Realty Trust stock opened at $36.12 on Friday. The business’s 50-day moving average price is $35.36 and its 200 day moving average price is $37.93. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 1.81. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 82.09, a price-to-earnings-growth ratio of 8.34 and a beta of 0.71. United Dominion Realty Trust has a 52 week low of $32.94 and a 52 week high of $46.47.

United Dominion Realty Trust (NYSE:UDR) last posted its earnings results on Monday, June 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter. United Dominion Realty Trust had a net margin of 8.80% and a return on equity of 4.54%. The firm had revenue of $399.55 million during the quarter. As a group, sell-side analysts anticipate that United Dominion Realty Trust will post 2.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wall Street Zen lowered United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Evercore ISI cut their price objective on United Dominion Realty Trust from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of United Dominion Realty Trust in a research note on Monday. The Goldman Sachs Group reduced their target price on shares of United Dominion Realty Trust from $37.00 to $33.00 and set a “sell” rating on the stock in a report on Tuesday, November 4th. Finally, BMO Capital Markets set a $44.00 price objective on United Dominion Realty Trust in a research note on Thursday, September 4th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.30.

About United Dominion Realty Trust

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.