United Dominion Realty Trust (NYSE:UDR) Given “Underweight” Rating at JPMorgan Chase & Co.

United Dominion Realty Trust (NYSE:UDR)‘s stock had its “underweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday,Benzinga reports. They presently have a $40.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $42.00. JPMorgan Chase & Co.‘s target price suggests a potential upside of 9.91% from the stock’s previous close.

Several other equities analysts also recently issued reports on UDR. UBS Group cut their price objective on United Dominion Realty Trust from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Cantor Fitzgerald assumed coverage on United Dominion Realty Trust in a report on Wednesday, October 1st. They issued a “neutral” rating and a $40.00 price target for the company. Piper Sandler decreased their price objective on shares of United Dominion Realty Trust from $43.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Evercore ISI lowered their price objective on shares of United Dominion Realty Trust from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Finally, Morgan Stanley dropped their target price on shares of United Dominion Realty Trust from $44.50 to $43.50 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.30.

United Dominion Realty Trust Stock Up 2.6%

Shares of UDR opened at $36.40 on Thursday. The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 82.72, a P/E/G ratio of 8.12 and a beta of 0.71. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 1.81. United Dominion Realty Trust has a 12 month low of $32.94 and a 12 month high of $46.47. The company has a 50-day moving average price of $35.35 and a two-hundred day moving average price of $37.95.

United Dominion Realty Trust (NYSE:UDR) last announced 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 4.54% and a net margin of 8.80%.The firm had revenue of $399.55 million for the quarter. Equities analysts predict that United Dominion Realty Trust will post 2.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UDR. HighTower Advisors LLC increased its stake in United Dominion Realty Trust by 4.0% in the first quarter. HighTower Advisors LLC now owns 47,759 shares of the real estate investment trust’s stock valued at $2,157,000 after purchasing an additional 1,834 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of United Dominion Realty Trust by 5.1% in the 1st quarter. American Century Companies Inc. now owns 118,085 shares of the real estate investment trust’s stock valued at $5,334,000 after buying an additional 5,752 shares during the period. Brooklyn Investment Group grew its holdings in shares of United Dominion Realty Trust by 124.7% in the 1st quarter. Brooklyn Investment Group now owns 1,784 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 990 shares during the period. Northern Trust Corp increased its position in shares of United Dominion Realty Trust by 0.7% in the 1st quarter. Northern Trust Corp now owns 4,886,672 shares of the real estate investment trust’s stock valued at $220,731,000 after buying an additional 32,693 shares in the last quarter. Finally, Korea Investment CORP raised its stake in United Dominion Realty Trust by 32.0% during the 1st quarter. Korea Investment CORP now owns 201,964 shares of the real estate investment trust’s stock worth $9,123,000 after buying an additional 49,000 shares during the period. Institutional investors 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.