United Dominion Realty Trust (NYSE:UDR) Earns “Neutral” Rating from JPMorgan Chase & Co.

United Dominion Realty Trust (NYSE:UDR)‘s stock had its “neutral” rating restated by research analysts at JPMorgan Chase & Co. in a report issued on Friday, MarketBeat reports. They presently have a $46.00 price target on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 27.39% from the stock’s current price.

UDR has been the subject of several other research reports. Evercore ISI cut their price objective on United Dominion Realty Trust from $45.00 to $44.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. Morgan Stanley cut their price objective on United Dominion Realty Trust from $47.50 to $44.50 and set an “equal weight” rating for the company in a research report on Wednesday, August 13th. Wall Street Zen cut United Dominion Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Wells Fargo & Company cut their price target on United Dominion Realty Trust from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, October 13th. Finally, BNP Paribas cut United Dominion Realty Trust from an “outperform” rating to a “hold” rating in a report on Monday, September 29th. Four research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, United Dominion Realty Trust presently has an average rating of “Hold” and a consensus price target of $43.82.

United Dominion Realty Trust Price Performance

NYSE UDR opened at $36.11 on Friday. United Dominion Realty Trust has a twelve month low of $35.21 and a twelve month high of $46.62. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22. The stock has a market capitalization of $11.97 billion, a PE ratio of 95.03, a P/E/G ratio of 8.35 and a beta of 0.85. The stock has a 50-day simple moving average of $37.68 and a 200 day simple moving average of $39.76.

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

Hedge Funds Weigh In On United Dominion Realty Trust

A number of hedge funds have recently modified their holdings of UDR. GAMMA Investing LLC raised its holdings in shares of United Dominion Realty Trust by 7.7% in the 1st quarter. GAMMA Investing LLC now owns 9,111 shares of the real estate investment trust’s stock worth $412,000 after buying an additional 651 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of United Dominion Realty Trust by 120.6% in the 1st quarter. SG Americas Securities LLC now owns 15,108 shares of the real estate investment trust’s stock worth $682,000 after buying an additional 8,259 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of United Dominion Realty Trust by 7.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,581 shares of the real estate investment trust’s stock worth $523,000 after buying an additional 842 shares in the last quarter. Ritholtz Wealth Management acquired a new position in shares of United Dominion Realty Trust in the 1st quarter worth approximately $274,000. Finally, Spirit of America Management Corp NY raised its holdings in shares of United Dominion Realty Trust by 1.1% in the 1st quarter. Spirit of America Management Corp NY now owns 46,100 shares of the real estate investment trust’s stock worth $2,082,000 after buying an additional 500 shares in the last quarter. 97.82% of the stock is 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.