Brokerages Set United Dominion Realty Trust, Inc. (NYSE:UDR) PT at $40.82

United Dominion Realty Trust, Inc. (NYSE:UDR) has been assigned an average recommendation of “Hold” from the fifteen research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $40.8214.

A number of research analysts recently commented on the company. Piper Sandler raised their price target on United Dominion Realty Trust from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $40.00 price objective (down from $42.00) on shares of United Dominion Realty Trust in a research note on Thursday, December 18th. Wall Street Zen cut shares of United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Barclays cut their price target on shares of United Dominion Realty Trust from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, March 6th. Finally, Evercore reiterated an “outperform” rating on shares of United Dominion Realty Trust in a research report on Wednesday, February 11th.

Hedge Funds Weigh In On United Dominion Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC raised its holdings in shares of United Dominion Realty Trust by 5.8% during the 1st quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 337 shares in the last quarter. Jane Street Group LLC lifted its position in shares of United Dominion Realty Trust by 35.0% during the 1st quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust’s stock worth $634,000 after buying an additional 3,637 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in United Dominion Realty Trust by 1.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,692 shares of the real estate investment trust’s stock valued at $2,741,000 after buying an additional 986 shares in the last quarter. Institutional investors own 97.82% of the company’s stock.

United Dominion Realty Trust Price Performance

Shares of NYSE UDR opened at $35.64 on Tuesday. The stock has a market capitalization of $11.71 billion, a PE ratio of 31.54, a P/E/G ratio of 11.95 and a beta of 0.71. The company has a debt-to-equity ratio of 1.79, a current ratio of 4.48 and a quick ratio of 4.48. The business has a fifty day moving average price of $37.30 and a two-hundred day moving average price of $36.60. United Dominion Realty Trust has a fifty-two week low of $32.94 and a fifty-two week high of $45.56.

United Dominion Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were paid a dividend of $0.43 per share. The ex-dividend date was Monday, January 12th. This represents a $1.72 annualized dividend and a yield of 4.8%. United Dominion Realty Trust’s dividend payout ratio is presently 152.21%.

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.