Analysts Set United Dominion Realty Trust, Inc. (NYSE:UDR) Target Price at $43.81

Shares of United Dominion Realty Trust, Inc. (NYSE:UDR) have been given an average rating of “Hold” by the sixteen research firms that are covering the stock, MarketBeat.com reports. Twelve research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $43.6538.

Several equities research analysts recently issued reports on UDR shares. Weiss Ratings restated a “hold (c)” rating on shares of United Dominion Realty Trust in a report on Wednesday, October 8th. Wells Fargo & Company dropped their price target on shares of United Dominion Realty Trust from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday. Wall Street Zen cut shares of United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. BNP Paribas cut shares of United Dominion Realty Trust from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. Finally, UBS Group dropped their price target on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, July 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UDR. Beaird Harris Wealth Management LLC purchased a new position in shares of United Dominion Realty Trust during the 1st quarter valued at $28,000. Spire Wealth Management lifted its stake in shares of United Dominion Realty Trust by 3,079.2% during the 1st quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 739 shares in the last quarter. Horizon Financial Services LLC purchased a new position in shares of United Dominion Realty Trust during the 1st quarter valued at $51,000. National Pension Service lifted its stake in shares of United Dominion Realty Trust by 2,553.5% during the 1st quarter. National Pension Service now owns 1,141 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,098 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of United Dominion Realty Trust by 61.3% during the 1st quarter. Federated Hermes Inc. now owns 1,323 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 97.82% of the company’s stock.

United Dominion Realty Trust Trading Down 0.3%

Shares of UDR stock opened at $36.23 on Friday. United Dominion Realty Trust has a 12-month low of $35.21 and a 12-month high of $46.62. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76. The firm’s 50 day moving average is $37.78 and its 200 day moving average is $39.92. The stock has a market capitalization of $12.01 billion, a P/E ratio of 95.36, a P/E/G ratio of 8.41 and a beta of 0.85.

United Dominion Realty Trust (NYSE:UDR) last issued its earnings results on Monday, June 3rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. The company had revenue of $399.55 million for the quarter. Research analysts expect that United Dominion Realty Trust will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Thursday, October 9th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Thursday, October 9th. United Dominion Realty Trust’s dividend payout ratio (DPR) is currently 452.63%.

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.