United Dominion Realty Trust, Inc. (NYSE:UDR) Stock Rated “Hold” by Sell-Side Analysts

United Dominion Realty Trust, Inc. (NYSE:UDR) has received an average rating of “Hold” from the seventeen analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $40.03.

A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald boosted their price target on United Dominion Realty Trust from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Piper Sandler reduced their price objective on United Dominion Realty Trust from $41.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Dominion Realty Trust in a report on Monday, September 21st. Barclays lowered their target price on shares of United Dominion Realty Trust from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, October 14th. Finally, Scotiabank dropped their target price on shares of United Dominion Realty Trust from $41.00 to $38.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th.

United Dominion Realty Trust Stock Down 0.3%

Shares of NYSE UDR opened at $35.61 on Wednesday. The stock’s 50 day moving average price is $35.20 and its two-hundred day moving average price is $36.83. United Dominion Realty Trust has a 52-week low of $32.94 and a 52-week high of $42.00. The stock has a market capitalization of $11.44 billion, a P/E ratio of 22.68 and a beta of 0.72.

United Dominion Realty Trust (NYSE:UDR) last released its earnings results on Monday, July 27th. The real estate investment trust reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The firm had revenue of $425.40 million for the quarter, compared to the consensus estimate of $423.35 million. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. On average, analysts anticipate that United Dominion Realty Trust will post 2.54 EPS for the current year.

United Dominion Realty Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a $0.1450 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.74 annualized dividend and a dividend yield of 4.9%. United Dominion Realty Trust’s payout ratio is 110.83%.

Institutional Investors Weigh In On United Dominion Realty Trust

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in United Dominion Realty Trust in the second quarter worth about $1,247,535,000. Canada Pension Plan Investment Board bought a new position in shares of United Dominion Realty Trust during the second quarter valued at approximately $219,560,000. Bank of New York Mellon Corp bought a new position in shares of United Dominion Realty Trust during the second quarter valued at approximately $89,660,000. Legal & General Group Plc bought a new position in shares of United Dominion Realty Trust during the second quarter valued at approximately $78,688,000. Finally, Bank of America Corp DE bought a new position in shares of United Dominion Realty Trust during the second quarter valued at approximately $56,374,000. 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.