United Dominion Realty Trust (NYSE:UDR) Price Target Cut to $44.00 by Analysts at Evercore ISI

United Dominion Realty Trust (NYSE:UDR) had its price objective trimmed by Evercore ISI from $45.00 to $44.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on UDR. Scotiabank cut their price target on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a “sector perform” rating for the company in a report on Friday, June 13th. Piper Sandler reiterated a “neutral” rating and issued a $43.00 price target (down previously from $48.00) on shares of United Dominion Realty Trust in a report on Monday, August 4th. Barclays increased their target price on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Royal Bank Of Canada increased their price objective on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, May 8th. Finally, Wall Street Zen lowered shares of United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $45.29.

United Dominion Realty Trust Stock Up 0.9%

UDR stock opened at $37.83 on Tuesday. United Dominion Realty Trust has a 12-month low of $36.61 and a 12-month high of $47.55. 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 market cap of $12.53 billion, a price-to-earnings ratio of 99.55, a PEG ratio of 9.40 and a beta of 0.84. The company has a 50 day moving average of $40.40 and a two-hundred day moving average of $41.67.

United Dominion Realty Trust (NYSE:UDR) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $423.00 million for the quarter, compared to analyst estimates of $422.64 million. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. United Dominion Realty Trust’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.62 EPS. On average, equities analysts anticipate that United Dominion Realty Trust will post 2.51 earnings per share for the current fiscal year.

United Dominion Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were given a $0.43 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.5%. United Dominion Realty Trust’s dividend payout ratio (DPR) is presently 452.63%.

Institutional Trading of United Dominion Realty Trust

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of United Dominion Realty Trust by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 51,023,940 shares of the real estate investment trust’s stock worth $2,304,751,000 after buying an additional 214,209 shares during the last quarter. Capital Research Global Investors grew its position in United Dominion Realty Trust by 64.1% during the fourth quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust’s stock valued at $566,940,000 after acquiring an additional 5,101,668 shares during the last quarter. Invesco Ltd. grew its position in United Dominion Realty Trust by 21.5% during the first quarter. Invesco Ltd. now owns 9,155,231 shares of the real estate investment trust’s stock valued at $413,542,000 after acquiring an additional 1,619,997 shares during the last quarter. Northern Trust Corp boosted its stake in shares of United Dominion Realty Trust by 0.7% during the first quarter. Northern Trust Corp now owns 4,886,672 shares of the real estate investment trust’s stock valued at $220,731,000 after purchasing an additional 32,693 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in United Dominion Realty Trust by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,757,032 shares of the real estate investment trust’s stock worth $206,501,000 after acquiring an additional 44,599 shares during the period. Institutional investors and hedge funds 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.