United Dominion Realty Trust (NYSE:UDR) Stock Gets Price Target Reduction from Royal Bank Of Canada

United Dominion Realty Trust (NYSE:UDR) had its price objective trimmed by Royal Bank Of Canada from $40.00 to $37.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

UDR has been the topic of several other reports. Jefferies Financial Group raised United Dominion Realty Trust to a “strong-buy” rating in a report on Wednesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of United Dominion Realty Trust in a report on Monday, September 21st. Scotiabank lowered their price target on United Dominion Realty Trust from $41.00 to $38.00 and set a “sector perform” rating for the company in a research report on Thursday, September 17th. Wall Street Zen upgraded shares of United Dominion Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $44.00 price target on shares of United Dominion Realty Trust in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.30.

United Dominion Realty Trust Price Performance

UDR stock opened at $34.19 on Tuesday. The firm has a 50 day moving average price of $35.58 and a 200-day moving average price of $36.95. United Dominion Realty Trust has a 52-week low of $32.94 and a 52-week high of $42.00. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 9.45 and a beta of 0.72. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.22 and a current ratio of 4.22.

United Dominion Realty Trust (NYSE:UDR) last issued its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The firm had revenue of $425.40 million for the quarter, compared to analysts’ expectations of $423.35 million. United Dominion Realty Trust had a return on equity of 16.56% and a net margin of 30.43%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS. United Dominion Realty Trust has set its FY 2026 guidance at 2.490-2.570 EPS and its Q3 2026 guidance at 0.640-0.640 EPS. Equities research analysts forecast that United Dominion Realty Trust will post 2.53 EPS for the current fiscal year.

United Dominion Realty Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a dividend of $0.1450 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.74 annualized dividend and a dividend yield of 5.1%. United Dominion Realty Trust’s dividend payout ratio (DPR) is 110.83%.

Institutional Trading of United Dominion Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of UDR. BlackRock Inc. purchased a new position in United Dominion Realty Trust in the 2nd quarter worth about $1,247,535,000. Canada Pension Plan Investment Board purchased a new stake in shares of United Dominion Realty Trust during the 2nd quarter valued at about $219,560,000. Bank of New York Mellon Corp bought a new stake in shares of United Dominion Realty Trust in the second quarter worth approximately $89,660,000. Legal & General Group Plc bought a new stake in shares of United Dominion Realty Trust in the second quarter worth approximately $78,688,000. Finally, Bank of America Corp DE bought a new stake in shares of United Dominion Realty Trust in the second quarter worth approximately $56,374,000. Institutional investors own 97.82% of the company’s stock.

United Dominion Realty Trust Company Profile

United Dominion Realty Trust, Inc (NYSE: UDR) is a real estate investment trust focused on the ownership, acquisition, development, redevelopment and management of multifamily apartment communities. The company generates revenue primarily by leasing apartment homes to residents and operates as a vertically integrated residential real estate business.

UDR’s portfolio includes apartment communities serving a range of renters, from conventional multifamily residents to customers seeking amenity-rich properties in urban and suburban locations.