United Dominion Realty Trust, Inc. (NYSE:UDR) Receives $43.81 Consensus Target Price from Brokerages

United Dominion Realty Trust, Inc. (NYSE:UDR) has been assigned an average rating of “Hold” from the sixteen brokerages that are covering the company, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $43.6538.

A number of research firms have weighed in on UDR. Morgan Stanley decreased their target price on shares of United Dominion Realty Trust from $47.50 to $44.50 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th. Cantor Fitzgerald began 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 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of United Dominion Realty Trust in a research note on Wednesday, October 8th. Wells Fargo & Company decreased their target price on shares of United Dominion Realty Trust from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Wall Street Zen lowered shares of United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GF Fund Management CO. LTD. lifted its holdings in shares of United Dominion Realty Trust by 4.3% during the 1st quarter. GF Fund Management CO. LTD. now owns 5,937 shares of the real estate investment trust’s stock valued at $268,000 after acquiring an additional 243 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in United Dominion Realty Trust by 4.5% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,864 shares of the real estate investment trust’s stock worth $355,000 after buying an additional 336 shares in the last quarter. Empowered Funds LLC lifted its holdings in 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 worth $277,000 after buying an additional 337 shares in the last quarter. Integrity Wealth Solutions LLC lifted its holdings in United Dominion Realty Trust by 5.6% in the 1st quarter. Integrity Wealth Solutions LLC now owns 6,766 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 357 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in United Dominion Realty Trust by 47.8% in the 1st quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 434 shares in the last quarter. 97.82% of the stock is currently owned by institutional investors and hedge funds.

United Dominion Realty Trust Trading Up 1.2%

UDR stock opened at $36.15 on Friday. 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 has a 12-month low of $35.21 and a 12-month high of $46.62. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 95.13, a PEG ratio of 8.26 and a beta of 0.85. The business’s 50-day moving average is $37.87 and its 200 day moving average is $39.97.

United Dominion Realty Trust (NYSE:UDR) last posted its quarterly earnings data 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 4.11% and a net margin of 7.81%.The company had revenue of $399.55 million for the quarter. On average, sell-side analysts anticipate that United Dominion Realty Trust will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Thursday, October 9th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Thursday, October 9th. United Dominion Realty Trust’s dividend payout ratio (DPR) is 452.63%.

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.