Scotiabank Issues Pessimistic Forecast for United Dominion Realty Trust (NYSE:UDR) Stock Price

United Dominion Realty Trust (NYSE:UDR) had its target price reduced by equities research analysts at Scotiabank from $39.00 to $38.00 in a research report issued on Thursday, MarketBeat.com reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective suggests a potential upside of 2.93% from the stock’s current price.

A number of other brokerages have also issued reports on UDR. The Goldman Sachs Group dropped their price target on shares of United Dominion Realty Trust from $39.00 to $35.00 and set a “sell” rating for the company in a research note on Friday, April 17th. Citigroup dropped their price target on shares of United Dominion Realty Trust from $42.00 to $40.50 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Wall Street Zen lowered shares of United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Barclays dropped their price target on shares of United Dominion Realty Trust from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Cantor Fitzgerald lowered their target price on shares of United Dominion Realty Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.13.

United Dominion Realty Trust Stock Down 1.1%

Shares of NYSE:UDR opened at $36.92 on Thursday. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 1.75. The company has a fifty day simple moving average of $35.49 and a 200 day simple moving average of $36.04. The firm has a market cap of $12.00 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 12.60 and a beta of 0.73. United Dominion Realty Trust has a 12-month low of $32.94 and a 12-month high of $42.45.

United Dominion Realty Trust (NYSE:UDR) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). The company had revenue of $425.85 million during the quarter, compared to the consensus estimate of $427.08 million. United Dominion Realty Trust had a return on equity of 15.10% and a net margin of 28.60%.The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. United Dominion Realty Trust has set its FY 2026 guidance at 2.470-2.570 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. On average, equities research analysts anticipate that United Dominion Realty Trust will post 2.53 EPS for the current fiscal year.

United Dominion Realty Trust declared that its Board of Directors has initiated a stock repurchase plan on Monday, May 4th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On United Dominion Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in shares of 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 valued at $277,000 after acquiring an additional 337 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of United Dominion Realty Trust by 1.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,692 shares of the real estate investment trust’s stock valued at $2,741,000 after acquiring an additional 986 shares during the period. Finally, Jane Street Group LLC lifted its holdings 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 worth $634,000 after purchasing an additional 3,637 shares during the period. 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.