United Dominion Realty Trust (NYSE:UDR) Stock Passes Above 200 Day Moving Average – What’s Next?

United Dominion Realty Trust, Inc. (NYSE:UDR) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $36.79 and traded as high as $37.86. United Dominion Realty Trust shares last traded at $37.1230, with a volume of 3,945,758 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UDR. Morgan Stanley lowered their price objective on United Dominion Realty Trust from $44.50 to $43.50 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Royal Bank Of Canada increased their price objective on United Dominion Realty Trust from $38.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group reissued a “sell” rating and set a $39.00 price objective on shares of United Dominion Realty Trust in a report on Thursday, February 12th. Piper Sandler upped their target price on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, UBS Group lifted their price target on shares of United Dominion Realty Trust from $41.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.89.

United Dominion Realty Trust Stock Down 1.6%

The firm has a fifty day moving average price of $37.06 and a 200 day moving average price of $36.79. The company has a quick ratio of 4.92, a current ratio of 4.48 and a debt-to-equity ratio of 1.79. The company has a market cap of $12.20 billion, a P/E ratio of 32.85, a PEG ratio of 12.66 and a beta of 0.72.

United Dominion Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, January 12th. United Dominion Realty Trust’s dividend payout ratio (DPR) is presently 152.21%.

Institutional Trading of United Dominion Realty Trust

Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of United Dominion Realty Trust by 1.7% in 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 purchasing an additional 986 shares in the last quarter. Jane Street Group LLC boosted its position in United Dominion Realty Trust by 35.0% in the 1st quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust’s stock valued at $634,000 after buying an additional 3,637 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of United Dominion Realty Trust by 5.8% in the 1st quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 337 shares during the period. 97.82% of the stock is owned by institutional investors.

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.