United Dominion Realty Trust, Inc. (NYSE:UDR – Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $35.86 and last traded at $36.11, with a volume of 2315703 shares trading hands. The stock had previously closed at $36.03.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on UDR. Wells Fargo & Company decreased their price objective on shares of United Dominion Realty Trust from $48.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. BNP Paribas Exane lowered United Dominion Realty Trust from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Wall Street Zen upgraded United Dominion Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. Barclays dropped their price objective on United Dominion Realty Trust from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Tuesday, September 30th. Finally, Piper Sandler reissued a “neutral” rating and set a $43.00 target price (down previously from $48.00) on shares of United Dominion Realty Trust in a research note on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $43.81.
Check Out Our Latest Stock Report on UDR
United Dominion Realty Trust Trading Up 0.2%
United Dominion Realty Trust (NYSE:UDR – Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.The business had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $422.64 million. During the same period last year, the firm earned $0.62 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. United Dominion Realty Trust has set its Q3 2025 guidance at 0.620-0.640 EPS. FY 2025 guidance at 2.490-2.550 EPS. As a group, research analysts expect that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current fiscal year.
United Dominion Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Thursday, October 9th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Thursday, October 9th. United Dominion Realty Trust’s dividend payout ratio is presently 452.63%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of United Dominion Realty Trust by 16.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,739 shares of the real estate investment trust’s stock valued at $466,000 after purchasing an additional 1,497 shares in the last quarter. UMB Bank n.a. grew its stake in shares of United Dominion Realty Trust by 47.8% during the first quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 434 shares in the last quarter. Yousif Capital Management LLC increased its holdings in United Dominion Realty Trust by 35.1% in the first quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust’s stock valued at $2,968,000 after buying an additional 17,061 shares during the last quarter. GAMMA Investing LLC raised its stake in United Dominion Realty Trust by 7.7% in the first quarter. GAMMA Investing LLC now owns 9,111 shares of the real estate investment trust’s stock valued at $412,000 after buying an additional 651 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in United Dominion Realty Trust by 120.6% during the 1st quarter. SG Americas Securities LLC now owns 15,108 shares of the real estate investment trust’s stock worth $682,000 after buying an additional 8,259 shares during the last quarter. Hedge funds and other institutional investors own 97.82% of the company’s stock.
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.
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