United Dominion Realty Trust, Inc. (NYSE:UDR) Receives Average Recommendation of “Hold” from Analysts

Shares of United Dominion Realty Trust, Inc. (NYSE:UDR) have been assigned an average recommendation of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $40.8929.

A number of analysts have recently commented on UDR shares. Truist Financial upgraded United Dominion Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $41.00 to $42.00 in a report on Tuesday, January 20th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $40.00 target price (down previously from $42.00) on shares of United Dominion Realty Trust in a research note on Thursday, December 18th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $39.00 price target on shares of United Dominion Realty Trust in a research report on Thursday, February 12th. Royal Bank Of Canada raised their price target on shares of United Dominion Realty Trust from $38.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of United Dominion Realty Trust in a research report on Monday, December 29th.

United Dominion Realty Trust Trading Down 1.3%

Shares of NYSE:UDR opened at $37.75 on Friday. The firm has a market cap of $12.40 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 12.83 and a beta of 0.72. United Dominion Realty Trust has a 12 month low of $32.94 and a 12 month high of $46.47. The company’s fifty day simple moving average is $37.03 and its 200 day simple moving average is $36.80. The company has a quick ratio of 4.92, a current ratio of 4.48 and a debt-to-equity ratio of 1.79.

United Dominion Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.72 annualized dividend and a yield of 4.6%. United Dominion Realty Trust’s payout ratio is 152.21%.

Institutional Trading of United Dominion Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC raised its holdings in United Dominion Realty Trust by 5.8% during the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 337 shares in the last quarter. Jane Street Group LLC grew its stake in United Dominion Realty Trust by 35.0% in the first quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust’s stock valued at $634,000 after purchasing an additional 3,637 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of United Dominion Realty Trust by 1.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,692 shares of the real estate investment trust’s stock worth $2,741,000 after purchasing an additional 986 shares during the last quarter. Institutional investors and hedge funds own 97.82% of the company’s stock.

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.