United Dominion Realty Trust (NYSE:UDR) Rating Lowered to Sell at Wall Street Zen

United Dominion Realty Trust (NYSE:UDR) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other equities research analysts also recently issued reports on UDR. Scotiabank dropped their target price on United Dominion Realty Trust from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Friday, June 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of United Dominion Realty Trust in a research note on Wednesday, October 8th. Wells Fargo & Company cut their target price on United Dominion Realty Trust from $48.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, August 27th. Truist Financial decreased their price target on United Dominion Realty Trust from $46.00 to $43.00 and set a “hold” rating on the stock in a research report on Tuesday, August 26th. Finally, Evercore ISI increased their price target on shares of United Dominion Realty Trust from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.81.

United Dominion Realty Trust Price Performance

Shares of NYSE:UDR opened at $35.77 on Friday. The firm has a market capitalization of $11.85 billion, a PE ratio of 94.13, a P/E/G ratio of 8.26 and a beta of 0.85. The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 1.76. The company has a 50-day moving average price of $37.90 and a two-hundred day moving average price of $40.03. United Dominion Realty Trust has a twelve month low of $35.21 and a twelve month high of $46.62.

United Dominion Realty Trust (NYSE:UDR) last posted its quarterly earnings results on Monday, June 3rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $399.55 million for the quarter. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. Equities analysts forecast that United Dominion Realty Trust will post 2.51 EPS for the current year.

Institutional Trading of United Dominion Realty Trust

A number of hedge funds have recently made changes to their positions in the stock. Beaird Harris Wealth Management LLC purchased a new position in United Dominion Realty Trust in the first quarter worth $28,000. Spire Wealth Management boosted its stake in United Dominion Realty Trust by 3,079.2% in the first quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 739 shares in the last quarter. Horizon Financial Services LLC bought a new position in United Dominion Realty Trust during the first quarter valued at approximately $51,000. National Pension Service raised its stake in shares of United Dominion Realty Trust by 2,553.5% during the first quarter. National Pension Service now owns 1,141 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,098 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of United Dominion Realty Trust by 61.3% during the first quarter. Federated Hermes Inc. now owns 1,323 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 503 shares in the last quarter. 97.82% of the stock is owned by institutional investors.

About United Dominion Realty Trust

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.