United Dominion Realty Trust (NYSE:UDR) Raised to Hold at Wall Street Zen

United Dominion Realty Trust (NYSE:UDR) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Several other equities analysts also recently commented on UDR. Truist Financial lowered their target price on shares of United Dominion Realty Trust from $46.00 to $43.00 and set a “hold” rating on the stock in a research report on Tuesday, August 26th. BMO Capital Markets set a $44.00 price target on United Dominion Realty Trust in a research report on Thursday, September 4th. The Goldman Sachs Group lowered their price objective on United Dominion Realty Trust from $37.00 to $33.00 and set a “sell” rating on the stock in a report on Tuesday, November 4th. Piper Sandler cut their price objective 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. Finally, BNP Paribas lowered United Dominion Realty Trust from an “outperform” rating to a “hold” rating in a report on Monday, September 29th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.10.

United Dominion Realty Trust Price Performance

Shares of UDR opened at $35.59 on Monday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22. The firm has a market cap of $11.76 billion, a PE ratio of 80.90, a PEG ratio of 7.76 and a beta of 0.84. The firm’s 50 day moving average price is $35.80 and its 200 day moving average price is $38.63. United Dominion Realty Trust has a twelve month low of $32.94 and a twelve month high of $46.62.

United Dominion Realty Trust (NYSE:UDR) last posted its earnings results on Monday, June 3rd. The real estate investment trust reported $0.60 EPS for the quarter. United Dominion Realty Trust had a net margin of 8.80% and a return on equity of 4.51%. The company had revenue of $399.55 million during the quarter. As a group, research analysts expect that United Dominion Realty Trust will post 2.51 EPS for the current fiscal year.

Institutional Trading of United Dominion Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Beaird Harris Wealth Management LLC bought a new stake in shares of United Dominion Realty Trust in the first quarter valued at approximately $28,000. National Pension Service grew its position in United Dominion Realty Trust by 2,553.5% in the 1st quarter. National Pension Service now owns 1,141 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,098 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of United Dominion Realty Trust by 61.3% during the 1st quarter. Federated Hermes Inc. now owns 1,323 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 503 shares during the period. Brooklyn Investment Group raised its position in shares of United Dominion Realty Trust by 124.7% during the first quarter. Brooklyn Investment Group now owns 1,784 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 990 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of United Dominion Realty Trust by 107.5% in the second quarter. Parallel Advisors LLC now owns 4,335 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 2,246 shares during the period. Institutional investors and hedge funds own 97.82% of the company’s stock.

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.