United Dominion Realty Trust, Inc. (UDR) – What Are Investment Firms Saying About This Stock?

Shares of United Dominion Realty Trust, Inc. (NYSE:UDR) have earned a consensus recommendation of “Hold” from the seventeen analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $40.03.

A number of research analysts recently commented on the company. Piper Sandler decreased their price target on United Dominion Realty Trust from $41.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Dominion Realty Trust in a research report on Monday, September 21st. The Goldman Sachs Group reaffirmed a “sell” rating and set a $38.00 price objective on shares of United Dominion Realty Trust in a research report on Thursday, July 30th. UBS Group reduced their price objective on shares of United Dominion Realty Trust from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, October 14th. Finally, Royal Bank Of Canada decreased their target price on shares of United Dominion Realty Trust from $40.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 13th.

Institutional Trading of United Dominion Realty Trust

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in United Dominion Realty Trust during the second quarter valued at approximately $1,247,535,000. Canada Pension Plan Investment Board bought a new stake in United Dominion Realty Trust during the second quarter worth $219,560,000. Bank of New York Mellon Corp bought a new stake in United Dominion Realty Trust during the second quarter worth $89,660,000. Legal & General Group Plc bought a new stake in United Dominion Realty Trust during the second quarter worth $78,688,000. Finally, Bank of America Corp DE acquired a new stake in shares of United Dominion Realty Trust in the 2nd quarter valued at $56,374,000. Institutional investors and hedge funds own 97.82% of the company’s stock.

United Dominion Realty Trust Trading Down 0.0%

Shares of NYSE:UDR opened at $35.84 on Wednesday. The business’s 50 day simple moving average is $35.24 and its 200 day simple moving average is $36.98. United Dominion Realty Trust has a 1 year low of $32.94 and a 1 year high of $42.00. 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 has a market capitalization of $11.51 billion, a P/E ratio of 22.83, a P/E/G ratio of 9.93 and a beta of 0.72.

United Dominion Realty Trust (NYSE:UDR) last announced its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The firm had revenue of $425.40 million during the quarter, compared to analysts’ expectations of $423.35 million. United Dominion Realty Trust had a return on equity of 16.56% and a net margin of 30.43%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS. On average, research analysts anticipate that United Dominion Realty Trust will post 2.54 EPS for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.1450 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, December 15th. United Dominion Realty Trust’s dividend payout ratio is 110.83%.

About United Dominion Realty Trust

United Dominion Realty Trust, Inc (NYSE: UDR) is a real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company generates revenue primarily by leasing apartments and related residential units to individuals and households.

UDR’s portfolio includes conventional apartment communities as well as residential properties with amenities and services designed to support renter convenience and engagement. Its operations encompass property management, resident services, renovations, development and strategic acquisitions.

Founded in 1972, UDR has grown into a multifamily housing owner and operator serving selected markets across the United States.