United Dominion Realty Trust (NYSE:UDR) Downgraded by Wall Street Zen to Sell

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

A number of other analysts have also commented on the company. The Goldman Sachs Group dropped their price target on United Dominion Realty Trust from $37.00 to $33.00 and set a “sell” rating for the company in a research note on Tuesday, November 4th. Mizuho dropped their target price on shares of United Dominion Realty Trust from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. BNP Paribas Exane lowered shares of United Dominion Realty Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Cantor Fitzgerald started coverage on shares of United Dominion Realty Trust in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $40.00 price target for the company. Finally, BMO Capital Markets set a $44.00 price objective on United Dominion Realty Trust in a research report on Thursday, September 4th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.70.

United Dominion Realty Trust Stock Performance

United Dominion Realty Trust stock opened at $35.17 on Friday. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 1.81. The firm has a market cap of $11.62 billion, a P/E ratio of 79.93, a P/E/G ratio of 8.07 and a beta of 0.71. United Dominion Realty Trust has a 1-year low of $32.94 and a 1-year high of $46.47. The firm has a 50-day moving average of $35.52 and a 200-day moving average of $38.25.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings results on Monday, June 3rd. The real estate investment trust reported $0.60 EPS for the quarter. United Dominion Realty Trust had a return on equity of 4.54% and a net margin of 8.80%.The business had revenue of $399.55 million during the quarter. Sell-side analysts expect that United Dominion Realty Trust will post 2.51 EPS for the current year.

Institutional Investors Weigh In On United Dominion Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in UDR. Beaird Harris Wealth Management LLC bought a new position in United Dominion Realty Trust in the 1st quarter valued at approximately $28,000. National Pension Service raised its stake in shares of United Dominion Realty Trust by 2,553.5% in the first 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. lifted its holdings in shares of United Dominion Realty Trust by 61.3% during the first quarter. Federated Hermes Inc. now owns 1,323 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 503 shares in the last quarter. Brooklyn Investment Group boosted 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 increased its holdings in United Dominion Realty Trust by 107.5% in the 2nd quarter. Parallel Advisors LLC now owns 4,335 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 2,246 shares in the last quarter. Institutional investors own 97.82% of the company’s stock.

About United Dominion Realty Trust

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.