United Dominion Realty Trust (NYSE:UDR) Stock Rating Lowered by Wall Street Zen

United Dominion Realty Trust (NYSE:UDR) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

Several other equities research analysts also recently issued reports on the company. Evercore ISI decreased their price target on United Dominion Realty Trust from $44.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Piper Sandler lowered their target price on United Dominion Realty Trust from $43.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Barclays reduced their target price on shares of United Dominion Realty Trust from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Tuesday, September 30th. Royal Bank Of Canada decreased their price objective on United Dominion Realty Trust from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 4th. Finally, BNP Paribas Exane cut shares of United Dominion Realty Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, United Dominion Realty Trust presently has an average rating of “Hold” and an average target price of $41.10.

United Dominion Realty Trust Trading Up 0.4%

UDR opened at $34.67 on Friday. United Dominion Realty Trust has a 1-year low of $32.94 and a 1-year high of $46.62. The company has a market cap of $11.46 billion, a P/E ratio of 78.79, a price-to-earnings-growth ratio of 7.76 and a beta of 0.84. The company has a fifty day moving average price of $36.18 and a two-hundred day moving average price of $38.94. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76.

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 (EPS) for the quarter. United Dominion Realty Trust had a return on equity of 4.51% and a net margin of 8.80%.The business had revenue of $399.55 million for the quarter. Analysts predict that United Dominion Realty Trust will post 2.51 EPS for the current fiscal year.

Institutional Investors Weigh In On United Dominion Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of UDR. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in United Dominion Realty Trust by 4.5% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,864 shares of the real estate investment trust’s stock valued at $355,000 after acquiring an additional 336 shares in the last quarter. Empowered Funds LLC increased 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 in the last quarter. Graham Capital Wealth Management LLC raised its holdings in United Dominion Realty Trust by 0.7% in the first quarter. Graham Capital Wealth Management LLC now owns 63,707 shares of the real estate investment trust’s stock worth $2,878,000 after buying an additional 466 shares during the last quarter. Townsquare Capital LLC lifted its position in United Dominion Realty Trust by 9.6% in the 1st quarter. Townsquare Capital LLC now owns 5,671 shares of the real estate investment trust’s stock valued at $256,000 after acquiring an additional 498 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its holdings in shares of United Dominion Realty Trust by 0.4% during the first quarter. KLP Kapitalforvaltning AS now owns 116,693 shares of the real estate investment trust’s stock valued at $5,271,000 after purchasing an additional 500 shares in the last quarter. 97.82% of the stock is owned by hedge funds and other institutional investors.

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.