United Dominion Realty Trust, Inc. (NYSE:UDR) Receives $40.30 Consensus Price Target from Analysts

Shares of United Dominion Realty Trust, Inc. (NYSE:UDR) have been assigned a consensus rating of “Hold” from the eighteen analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $40.30.

UDR has been the subject of a number of recent research reports. Piper Sandler lowered their price objective on shares of United Dominion Realty Trust from $43.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. The Goldman Sachs Group lowered their target price on United Dominion Realty Trust from $37.00 to $33.00 and set a “sell” rating for the company in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of United Dominion Realty Trust in a report on Monday, December 22nd. Cantor Fitzgerald assumed coverage on United Dominion Realty Trust in a research report on Wednesday, October 1st. They set a “neutral” rating and a $40.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on United Dominion Realty Trust from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th.

United Dominion Realty Trust Stock Performance

UDR stock opened at $36.52 on Thursday. The stock’s 50 day simple moving average is $35.37 and its 200 day simple moving average is $37.70. United Dominion Realty Trust has a 12-month low of $32.94 and a 12-month high of $46.47. The firm has a market cap of $12.07 billion, a P/E ratio of 82.99, a P/E/G ratio of 7.78 and a beta of 0.71. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 1.81.

United Dominion Realty Trust (NYSE:UDR) last released its earnings results on Monday, June 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter. The firm had revenue of $399.55 million during the quarter. United Dominion Realty Trust had a net margin of 8.80% and a return on equity of 4.54%. As a group, equities research analysts predict that United Dominion Realty Trust will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 12th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, January 12th. United Dominion Realty Trust’s dividend payout ratio (DPR) is 390.91%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UDR. Nomura Holdings Inc. grew its holdings in United Dominion Realty Trust by 67.6% in the 1st quarter. Nomura Holdings Inc. now owns 75,002 shares of the real estate investment trust’s stock worth $3,388,000 after buying an additional 30,254 shares in the last quarter. Perbak Capital Partners LLP acquired a new position in United Dominion Realty Trust during the 1st quarter worth $372,000. Carronade Capital Management LP grew its stake in shares of United Dominion Realty Trust by 19.4% in the first quarter. Carronade Capital Management LP now owns 232,627 shares of the real estate investment trust’s stock worth $10,508,000 after purchasing an additional 37,775 shares in the last quarter. Boothbay Fund Management LLC increased its holdings in shares of United Dominion Realty Trust by 2,486.9% during the first quarter. Boothbay Fund Management LLC now owns 154,621 shares of the real estate investment trust’s stock valued at $6,984,000 after purchasing an additional 148,644 shares during the period. Finally, Alyeska Investment Group L.P. increased its holdings in shares of United Dominion Realty Trust by 155.1% during the first quarter. Alyeska Investment Group L.P. now owns 904,642 shares of the real estate investment trust’s stock valued at $40,863,000 after purchasing an additional 549,973 shares during the period. 97.82% of the stock is owned by institutional investors and hedge funds.

About United Dominion Realty Trust

United Dominion Realty Trust (NYSE: UDR) is a publicly traded real estate investment trust specializing in the ownership, management, acquisition, development and redevelopment of multifamily apartment communities. The company’s core focus is on Class A and Class A–plus residential properties, offering a diverse portfolio designed to meet the evolving needs of renters. UDR employs a full-service management platform to oversee daily operations, property maintenance, leasing, and resident services, ensuring consistency and quality across its holdings.

UDR’s business activities encompass ground-up development, strategic property redevelopment, and selective acquisitions.