United Dominion Realty Trust (NYSE:UDR) Given New $39.00 Price Target at Piper Sandler

United Dominion Realty Trust (NYSE:UDR) had its price target reduced by analysts at Piper Sandler from $43.00 to $39.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s target price would indicate a potential upside of 15.68% from the company’s current price.

A number of other equities analysts have also weighed in on UDR. BNP Paribas lowered shares of United Dominion Realty Trust from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. BNP Paribas Exane cut United Dominion Realty Trust from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Wells Fargo & Company reduced their price objective on United Dominion Realty Trust from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, October 13th. BMO Capital Markets set a $44.00 price objective on United Dominion Realty Trust in a research note on Thursday, September 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of United Dominion Realty Trust in a report on Thursday. Four analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.54.

United Dominion Realty Trust Price Performance

UDR stock opened at $33.72 on Monday. The stock has a market capitalization of $11.17 billion, a price-to-earnings ratio of 76.63, a PEG ratio of 7.76 and a beta of 0.85. The firm’s 50-day moving average price is $37.09 and its two-hundred day moving average price is $39.41. 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 $33.40 and a 12-month high of $46.62.

United Dominion Realty Trust (NYSE:UDR) last posted its quarterly earnings data 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 business had revenue of $399.55 million for the quarter. As a group, equities analysts predict that United Dominion Realty Trust will post 2.51 earnings per share for the current year.

Hedge Funds Weigh In On United Dominion Realty Trust

Institutional investors have recently bought and sold shares of the business. Nuveen LLC acquired a new position in shares of United Dominion Realty Trust during the 1st quarter worth about $79,487,000. Invesco Ltd. lifted its holdings in United Dominion Realty Trust by 21.5% during the 1st quarter. Invesco Ltd. now owns 9,155,231 shares of the real estate investment trust’s stock worth $413,542,000 after purchasing an additional 1,619,997 shares during the last quarter. Woodline Partners LP boosted its position in shares of United Dominion Realty Trust by 173.0% in the first quarter. Woodline Partners LP now owns 1,421,023 shares of the real estate investment trust’s stock valued at $64,188,000 after acquiring an additional 900,504 shares during the period. Strs Ohio bought a new stake in United Dominion Realty Trust in the 1st quarter valued at about $36,506,000. Finally, Alyeska Investment Group L.P. grew its position in United Dominion Realty Trust by 155.1% during the first quarter. Alyeska Investment Group L.P. now owns 904,642 shares of the real estate investment trust’s stock worth $40,863,000 after buying an additional 549,973 shares in the last quarter. Institutional investors 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.