United Dominion Realty Trust, Inc. (NYSE:UDR) Receives $40.82 Average Price Target from Brokerages

United Dominion Realty Trust, Inc. (NYSE:UDR) has earned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $40.8214.

A number of brokerages have recently commented on UDR. Weiss Ratings reissued a “hold (c)” rating on shares of United Dominion Realty Trust in a research note on Friday, March 27th. Royal Bank Of Canada raised their target price on shares of United Dominion Realty Trust from $38.00 to $39.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 10th. UBS Group raised their target price on shares of United Dominion Realty Trust from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Wall Street Zen downgraded shares of United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $39.00 target price on shares of United Dominion Realty Trust in a research note on Thursday, February 12th.

United Dominion Realty Trust Stock Up 0.4%

Shares of UDR opened at $34.77 on Friday. The firm has a market cap of $11.42 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 11.70 and a beta of 0.73. The company’s fifty day moving average is $36.49 and its two-hundred day moving average is $36.18. United Dominion Realty Trust has a fifty-two week low of $32.94 and a fifty-two week high of $43.92. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 1.79.

United Dominion Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be paid a $0.435 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.0%. This is a boost from United Dominion Realty Trust’s previous quarterly dividend of $0.43. United Dominion Realty Trust’s payout ratio is 152.21%.

Institutional Investors Weigh In On United Dominion Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 buying an additional 986 shares during the period. Jane Street Group LLC increased its position in shares of United Dominion Realty Trust by 35.0% in the 1st quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust’s stock worth $634,000 after purchasing an additional 3,637 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of United Dominion Realty Trust by 5.8% in the 1st quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 337 shares during the last quarter. Hedge funds and other institutional investors own 97.82% of the company’s stock.

United Dominion Realty Trust Company Profile

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.