United Dominion Realty Trust (NYSE:UDR) Price Target Cut to $39.00 by Analysts at Wells Fargo & Company

United Dominion Realty Trust (NYSE:UDR) had its target price dropped by equities research analysts at Wells Fargo & Company from $43.00 to $39.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 14.89% from the company’s current price.

Other research analysts also recently issued reports about the stock. Morgan Stanley decreased their target price on shares of United Dominion Realty Trust from $44.50 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. Barclays cut their price target on United Dominion Realty Trust from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 14th. Royal Bank Of Canada reduced their price objective on United Dominion Realty Trust from $40.00 to $37.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 13th. Truist Financial cut United Dominion Realty Trust from a “buy” rating to a “hold” rating and set a $41.00 price objective for the company. in a report on Wednesday, July 8th. Finally, Wall Street Zen upgraded United Dominion Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.03.

United Dominion Realty Trust Stock Performance

NYSE UDR traded down $0.32 on Monday, hitting $33.95. 830,386 shares of the company’s stock traded hands, compared to its average volume of 3,996,401. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.01. United Dominion Realty Trust has a 1-year low of $32.94 and a 1-year high of $42.00. The firm’s 50-day moving average price is $35.50 and its two-hundred day moving average price is $36.96. The firm has a market capitalization of $10.91 billion, a PE ratio of 21.62, a P/E/G ratio of 9.54 and a beta of 0.72.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. The business had revenue of $425.40 million for the quarter, compared to the consensus estimate of $423.35 million. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $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. As a group, analysts expect that United Dominion Realty Trust will post 2.53 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UDR. New Mexico Educational Retirement Board raised its position in shares of United Dominion Realty Trust by 7.2% in the second quarter. New Mexico Educational Retirement Board now owns 14,900 shares of the real estate investment trust’s stock worth $595,000 after acquiring an additional 1,000 shares during the period. Rakuten Investment Management Inc. acquired a new stake in shares of United Dominion Realty Trust during the 2nd quarter valued at about $1,258,000. Empowered Funds LLC acquired a new stake in shares of United Dominion Realty Trust during the 2nd quarter valued at about $253,000. United Capital Financial Advisors LLC purchased a new position in shares of United Dominion Realty Trust in the 2nd quarter valued at about $366,000. Finally, Pacific Heights Asset Management LLC purchased a new position in shares of United Dominion Realty Trust in the 2nd quarter valued at about $15,968,000. Hedge funds and other 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 that owns, operates, acquires and develops multifamily apartment communities. The company generates revenue primarily by leasing apartments and related residential units to individuals and households.

UDR’s portfolio includes conventional apartment communities as well as residential properties with amenities and services designed to support renter convenience and engagement. Its operations encompass property management, resident services, renovations, development and strategic acquisitions.

Founded in 1972, UDR has grown into a multifamily housing owner and operator serving selected markets across the United States.