Piper Sandler Lowers United Dominion Realty Trust (NYSE:UDR) Price Target to $39.00

United Dominion Realty Trust (NYSE:UDR) had its target price lowered by equities researchers at Piper Sandler from $43.00 to $39.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s price objective would indicate a potential upside of 15.68% from the company’s previous close.

A number of other research firms have also issued reports on UDR. Barclays reduced their target price on United Dominion Realty Trust from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Tuesday, September 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $46.00 price objective on shares of United Dominion Realty Trust in a report on Friday, October 17th. Cantor Fitzgerald assumed coverage on shares of United Dominion Realty Trust in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $40.00 price target on the stock. Evercore ISI cut their price objective on United Dominion Realty Trust from $45.00 to $44.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. Finally, BMO Capital Markets set a $44.00 target price on United Dominion Realty Trust in a report on Thursday, September 4th. Four analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, United Dominion Realty Trust presently has an average rating of “Hold” and an average price target of $43.54.

United Dominion Realty Trust Stock Up 0.3%

Shares of NYSE:UDR opened at $33.72 on Monday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22. The company’s fifty day moving average is $37.09 and its two-hundred day moving average is $39.41. United Dominion Realty Trust has a 1-year low of $33.40 and a 1-year high of $46.62. The stock has a market capitalization of $11.17 billion, a price-to-earnings ratio of 76.63, a price-to-earnings-growth ratio of 7.76 and a beta of 0.85.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings results on Monday, June 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter. United Dominion Realty Trust had a return on equity of 4.51% and a net margin of 8.80%.The company had revenue of $399.55 million for the quarter. Equities analysts anticipate that United Dominion Realty Trust will post 2.51 EPS for the current year.

Institutional Trading of United Dominion Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in UDR. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in United Dominion Realty Trust by 4.5% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,864 shares of the real estate investment trust’s stock worth $355,000 after acquiring an additional 336 shares during the period. Empowered Funds LLC grew its position in United Dominion Realty Trust by 5.8% during the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 337 shares during the period. Graham Capital Wealth Management LLC raised its position in United Dominion Realty Trust by 0.7% in the first quarter. Graham Capital Wealth Management LLC now owns 63,707 shares of the real estate investment trust’s stock worth $2,878,000 after acquiring an additional 466 shares during the period. Townsquare Capital LLC boosted its stake in United Dominion Realty Trust by 9.6% in the first quarter. Townsquare Capital LLC now owns 5,671 shares of the real estate investment trust’s stock valued at $256,000 after acquiring an additional 498 shares during the last quarter. Finally, KLP Kapitalforvaltning AS grew its position in shares of United Dominion Realty Trust by 0.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 116,693 shares of the real estate investment trust’s stock valued at $5,271,000 after acquiring an additional 500 shares during the period. 97.82% of the stock is currently owned by institutional investors and hedge funds.

United Dominion Realty Trust Company Profile

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.