Scotiabank Cuts United Dominion Realty Trust (NYSE:UDR) Price Target to $38.00

United Dominion Realty Trust (NYSE:UDR) had its price target dropped by equities research analysts at Scotiabank from $41.00 to $38.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective would suggest a potential upside of 10.13% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of United Dominion Realty Trust from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Morgan Stanley decreased their target price on United Dominion Realty Trust from $44.50 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 12th. JPMorgan Chase & Co. boosted their price objective on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 4th. Mizuho dropped their target price on shares of United Dominion Realty Trust from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, September 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Dominion Realty Trust in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.03.

United Dominion Realty Trust Stock Performance

Shares of UDR stock traded up $0.11 during midday trading on Thursday, hitting $34.51. The company had a trading volume of 726,737 shares, compared to its average volume of 3,994,632. The company has a debt-to-equity ratio of 2.01, a current ratio of 4.22 and a quick ratio of 4.22. The company’s 50 day simple moving average is $37.89 and its 200 day simple moving average is $37.25. United Dominion Realty Trust has a 52-week low of $32.94 and a 52-week high of $42.00. The stock has a market cap of $11.09 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 8.89 and a beta of 0.70.

United Dominion Realty Trust (NYSE:UDR) last announced its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $425.40 million during the quarter, compared to the consensus estimate of $423.35 million. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. United Dominion Realty Trust’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. United Dominion Realty Trust has set its FY 2026 guidance at 2.490-2.570 EPS and its Q3 2026 guidance at 0.640-0.640 EPS. Research analysts anticipate that United Dominion Realty Trust will post 2.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On United Dominion Realty Trust

A number of large investors have recently modified their holdings of the company. Addison Advisors LLC acquired a new stake in United Dominion Realty Trust during the 2nd quarter worth approximately $58,000. Northwestern Mutual Wealth Management Co. purchased a new stake in United Dominion Realty Trust during the second quarter worth approximately $75,000. Allworth Financial LP acquired a new stake in shares of United Dominion Realty Trust in the second quarter worth $106,000. Westpac Banking Corp acquired a new stake in shares of United Dominion Realty Trust in the second quarter worth $114,000. Finally, Global Retirement Partners LLC purchased a new position in shares of United Dominion Realty Trust in the 2nd quarter valued at $187,000. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

About United Dominion Realty Trust

United Dominion Realty Trust, Inc (NYSE: UDR) is a real estate investment trust focused on the ownership, acquisition, development, redevelopment and management of multifamily apartment communities. The company generates revenue primarily by leasing residential units to individuals and families.

Founded in 1972, UDR provides rental housing under its apartment community brands and supports residents through property management and related services. Its portfolio includes conventional apartment communities as well as properties offering amenities and technology-enabled services intended to enhance the resident experience.

UDR operates in selected metropolitan markets across the United States, with a focus on areas characterized by employment growth, household formation and sustained demand for rental housing.