United Dominion Realty Trust (NYSE:UDR) Stock Price Target Lowered at Royal Bank Of Canada

United Dominion Realty Trust (NYSE:UDR – Get Free Report) had its target price dropped by Royal Bank Of Canada from $40.00 to $37.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 8.74% from the company’s current price.

UDR has been the topic of a number of other reports. UBS Group reissued a “buy” rating and issued a $41.00 price target (down from $42.00) on shares of United Dominion Realty Trust in a research note on Tuesday, September 15th. Evercore set a $41.00 price objective on shares of United Dominion Realty Trust in a research note on Monday, September 21st. Mizuho cut their price objective on shares of United Dominion Realty Trust from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, September 8th. The Goldman Sachs Group reiterated a “sell” rating and set a $38.00 price objective on shares of United Dominion Realty Trust in a report on Thursday, July 30th. Finally, Truist Financial cut shares of United Dominion Realty Trust from a “buy” rating to a “hold” rating and set a $41.00 target price on the stock. in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $40.57.

Get Our Latest Stock Analysis on United Dominion Realty Trust

United Dominion Realty Trust Trading Up 0.0%

Shares of NYSE UDR traded up $0.01 during midday trading on Tuesday, reaching $34.02. 477,676 shares of the stock were exchanged, compared to its average volume of 4,010,567. The company has a market capitalization of $10.93 billion, a P/E ratio of 21.66, a P/E/G ratio of 9.49 and a beta of 0.72. United Dominion Realty Trust has a 52-week low of $32.94 and a 52-week high of $42.00. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.01. The stock has a 50 day moving average price of $35.85 and a 200-day moving average price of $36.95.

United Dominion Realty Trust (NYSE:UDR – Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. The business had revenue of $425.40 million during the quarter, compared to analyst estimates of $423.35 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. The company’s revenue was up .0% on a year-over-year basis. United Dominion Realty Trust has set its FY 2026 guidance at 2.490-2.570 EPS and its Q3 2026 guidance at 0.640-0.640 EPS. Equities research analysts expect that United Dominion Realty Trust will post 2.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Dominion Realty Trust

Several large investors have recently made changes to their positions in the business. New Mexico Educational Retirement Board boosted its position in United Dominion Realty Trust by 7.2% during the 2nd quarter. New Mexico Educational Retirement Board now owns 14,900 shares of the real estate investment trust’s stock worth $595,000 after purchasing an additional 1,000 shares during the period. Rakuten Investment Management Inc. acquired a new position in shares of United Dominion Realty Trust during the second quarter worth about $1,258,000. Empowered Funds LLC acquired a new position in shares of United Dominion Realty Trust during the second quarter worth about $253,000. United Capital Financial Advisors LLC purchased a new stake in shares of United Dominion Realty Trust in the second quarter worth about $366,000. Finally, Pacific Heights Asset Management LLC purchased a new stake in shares of United Dominion Realty Trust in the second quarter worth about $15,968,000. Institutional investors and hedge funds own 97.82% of the company’s stock.

United Dominion Realty Trust Company Profile

(Get Free Report)

United Dominion Realty Trust, Inc (NYSE: UDR) is a real estate investment trust focused on the ownership, acquisition, development, redevelopment and management of multifamily apartment communities. The company generates revenue primarily by leasing apartment homes to residents and operates as a vertically integrated residential real estate business.

UDR’s portfolio includes apartment communities serving a range of renters, from conventional multifamily residents to customers seeking amenity-rich properties in urban and suburban locations.

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Analyst Recommendations for United Dominion Realty Trust (NYSE:UDR)

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