Royal Bank Of Canada Cuts United Dominion Realty Trust (NYSE:UDR) Price Target to $38.00

United Dominion Realty Trust (NYSE:UDR) had its price objective decreased by Royal Bank Of Canada from $40.00 to $38.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the real estate investment trust’s stock.

Several other research analysts also recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of United Dominion Realty Trust in a report on Thursday, October 30th. Wall Street Zen downgraded United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Piper Sandler cut their price target on United Dominion Realty Trust from $43.00 to $39.00 and set a “neutral” rating for the company in a report on Monday. The Goldman Sachs Group decreased their price objective on United Dominion Realty Trust from $37.00 to $33.00 and set a “sell” rating on the stock in a research note on Tuesday. Finally, BNP Paribas Exane cut United Dominion Realty Trust from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, United Dominion Realty Trust has a consensus rating of “Hold” and an average target price of $41.57.

United Dominion Realty Trust Stock Down 1.8%

UDR stock opened at $33.77 on Tuesday. The stock has a fifty day moving average of $36.70 and a 200-day moving average of $39.23. United Dominion Realty Trust has a fifty-two week low of $32.94 and a fifty-two week high of $46.62. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of 76.74, a PEG ratio of 7.76 and a beta of 0.85. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings data on Monday, June 3rd. The real estate investment trust reported $0.60 EPS for the quarter. The business had revenue of $399.55 million for the quarter. United Dominion Realty Trust had a net margin of 8.80% and a return on equity of 4.51%. As a group, equities research analysts predict that United Dominion Realty Trust will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Thursday, October 9th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.1%. The ex-dividend date was Thursday, October 9th. United Dominion Realty Trust’s payout ratio is presently 390.91%.

Institutional Trading of United Dominion Realty Trust

Large investors have recently modified their holdings of the business. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of United Dominion Realty Trust by 4.5% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,864 shares of the real estate investment trust’s stock worth $355,000 after purchasing an additional 336 shares during the last quarter. Empowered Funds LLC grew its stake 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. Graham Capital Wealth Management LLC increased its holdings in shares of United Dominion Realty Trust by 0.7% in the 1st quarter. Graham Capital Wealth Management LLC now owns 63,707 shares of the real estate investment trust’s stock worth $2,878,000 after buying an additional 466 shares during the last quarter. Townsquare Capital LLC increased its holdings in shares of United Dominion Realty Trust by 9.6% in the 1st quarter. Townsquare Capital LLC now owns 5,671 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 498 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its position in shares of United Dominion Realty Trust by 0.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 116,693 shares of the real estate investment trust’s stock valued at $5,271,000 after buying an additional 500 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.