United Dominion Realty Trust (NYSE:UDR) Raised to Hold at Wall Street Zen

United Dominion Realty Trust (NYSE:UDR) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other analysts have also commented on UDR. The Goldman Sachs Group reduced their price target on shares of United Dominion Realty Trust from $37.00 to $33.00 and set a “sell” rating on the stock in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of United Dominion Realty Trust in a research note on Thursday, October 30th. Wells Fargo & Company cut their price objective on United Dominion Realty Trust from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, October 13th. Cantor Fitzgerald assumed coverage on shares of United Dominion Realty Trust in a report on Wednesday, October 1st. They issued a “neutral” rating and a $40.00 price objective on the stock. Finally, Scotiabank decreased their target price on shares of United Dominion Realty Trust from $46.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.57.

United Dominion Realty Trust Stock Up 2.1%

NYSE UDR opened at $34.48 on Friday. The business’s fifty day simple moving average is $36.60 and its 200-day simple moving average is $39.15. The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 1.76. The firm has a market cap of $11.39 billion, a PE ratio of 78.36, a P/E/G ratio of 7.76 and a beta of 0.84. United Dominion Realty Trust has a 52 week low of $32.94 and a 52 week high of $46.62.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings data 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 8.80% and a return on equity of 4.51%. The firm had revenue of $399.55 million during the quarter. As a group, equities analysts anticipate that United Dominion Realty Trust will post 2.51 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its position in United Dominion Realty Trust by 11.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 157,724 shares of the real estate investment trust’s stock valued at $7,124,000 after buying an additional 16,001 shares during the period. Leavell Investment Management Inc. raised its stake in shares of United Dominion Realty Trust by 17.1% in the first quarter. Leavell Investment Management Inc. now owns 6,012 shares of the real estate investment trust’s stock valued at $272,000 after acquiring an additional 880 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in United Dominion Realty Trust by 8.0% in the first quarter. New York State Common Retirement Fund now owns 182,321 shares of the real estate investment trust’s stock valued at $8,235,000 after purchasing an additional 13,500 shares during the period. Wealthfront Advisers LLC grew its stake in United Dominion Realty Trust by 21.6% during the 1st quarter. Wealthfront Advisers LLC now owns 74,485 shares of the real estate investment trust’s stock worth $3,364,000 after purchasing an additional 13,212 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in United Dominion Realty Trust during the 1st quarter worth about $206,000. Institutional investors and hedge funds own 97.82% of the company’s stock.

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.