UBS Group Issues Pessimistic Forecast for United Dominion Realty Trust (NYSE:UDR) Stock Price

United Dominion Realty Trust (NYSE:UDR) had its target price decreased by investment analysts at UBS Group from $50.00 to $45.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price target would indicate a potential upside of 10.66% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on UDR. Evercore ISI set a $46.00 target price on United Dominion Realty Trust and gave the stock an “outperform” rating in a research report on Monday, July 7th. Barclays upped their target price on United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Royal Bank Of Canada upped their target price on United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 8th. Scotiabank decreased their target price on United Dominion Realty Trust from $51.00 to $48.00 and set a “sector perform” rating for the company in a research report on Friday, June 13th. Finally, Mizuho decreased their target price on United Dominion Realty Trust from $45.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.07.

United Dominion Realty Trust Trading Up 1.7%

Shares of NYSE UDR opened at $40.67 on Tuesday. The stock has a market cap of $13.47 billion, a price-to-earnings ratio of 116.19, a PEG ratio of 13.33 and a beta of 0.82. The business has a 50 day simple moving average of $41.06 and a 200 day simple moving average of $41.94. United Dominion Realty Trust has a 52 week low of $36.61 and a 52 week high of $47.55. The company has a debt-to-equity ratio of 1.77, a quick ratio of 8.35 and a current ratio of 8.35.

United Dominion Realty Trust (NYSE:UDR) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, meeting the consensus estimate of $0.61. The business had revenue of $419.84 million during the quarter, compared to analysts’ expectations of $421.23 million. United Dominion Realty Trust had a return on equity of 3.73% and a net margin of 7.33%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. On average, research analysts predict that United Dominion Realty Trust will post 2.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Townsquare Capital LLC raised its stake in shares of United Dominion Realty Trust by 4.8% in the fourth quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 237 shares in the last quarter. GF Fund Management CO. LTD. raised its stake in shares of United Dominion Realty Trust by 4.3% in the first quarter. GF Fund Management CO. LTD. now owns 5,937 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 243 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in United Dominion Realty Trust by 4.5% during 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 acquiring an additional 336 shares in the last quarter. Empowered Funds LLC raised its stake in United Dominion Realty Trust by 5.8% during the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 337 shares in the last quarter. Finally, Continuum Advisory LLC raised its stake in United Dominion Realty Trust by 38.0% during the fourth quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 351 shares in the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

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.