Zacks Names Dominion 'Bull of the Day'

United Dominion Realty Trust, a real estate investment trust based in Richmond, Va., has been designated the "Bull of the Day" by Zacks Equity Research, Chicago.Zacks noted that Dominion is trading at a 52-week high, but that despite the run-up it is still rated a Buy. It has had another strong quarter, with "significant" increases in revenue, net operating income, and income per occupied home, Zacks reported. "UDR could realize 10% earnings growth in 2006, as apartment companies are reporting their best results in years," the research firm said. "With the for-sale housing market cooling, UDR should be able to push rents while maintaining high occupancy throughout early 2007. The company is one of the lowest-valued apartment REITs in our coverage universe. UDR still represents good value in a sector that has reached inflated valuations." The companies can be found online at http://www.zacks.com and http://www.udrt.com.