United Dominion Realty Trust (NYSE:UDR) Earns “Hold (C-)” Rating from Weiss Ratings

United Dominion Realty Trust (NYSE:UDR)‘s stock had its “hold (c-)” rating restated by stock analysts at Weiss Ratings in a report issued on Thursday,Weiss Ratings reports.

Several other research firms have also weighed in on UDR. Cantor Fitzgerald began coverage on United Dominion Realty Trust in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $40.00 price objective on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $43.00 price objective (down from $48.00) on shares of United Dominion Realty Trust in a research note on Monday, August 4th. Morgan Stanley decreased their price target on shares of United Dominion Realty Trust from $47.50 to $44.50 and set an “equal weight” rating on the stock in a report on Wednesday, August 13th. Wells Fargo & Company decreased their price target on shares of United Dominion Realty Trust from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, October 13th. Finally, Wall Street Zen lowered shares of United Dominion Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Four analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, United Dominion Realty Trust currently has a consensus rating of “Hold” and an average target price of $43.82.

United Dominion Realty Trust Price Performance

Shares of NYSE:UDR opened at $33.72 on Thursday. The firm has a 50 day moving average of $37.09 and a 200-day moving average of $39.43. The stock has a market capitalization of $11.17 billion, a PE ratio of 76.63, a PEG ratio of 7.76 and a beta of 0.85. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76. United Dominion Realty Trust has a 12 month low of $33.40 and a 12 month high of $46.62.

United Dominion Realty Trust (NYSE:UDR) last released its earnings results 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 4.51% and a net margin of 8.80%.The firm had revenue of $399.55 million during the quarter. On average, equities research analysts predict that United Dominion Realty Trust will post 2.51 EPS for the current fiscal year.

Institutional Trading of United Dominion Realty Trust

Institutional investors have recently modified their holdings of the business. Nuveen LLC acquired a new stake in shares of United Dominion Realty Trust in the first quarter valued at about $79,487,000. Invesco Ltd. raised its holdings in United Dominion Realty Trust by 21.5% during the 1st quarter. Invesco Ltd. now owns 9,155,231 shares of the real estate investment trust’s stock worth $413,542,000 after purchasing an additional 1,619,997 shares during the last quarter. Woodline Partners LP raised its holdings in United Dominion Realty Trust by 173.0% during the 1st quarter. Woodline Partners LP now owns 1,421,023 shares of the real estate investment trust’s stock worth $64,188,000 after purchasing an additional 900,504 shares during the last quarter. Strs Ohio bought a new position in United Dominion Realty Trust during the 1st quarter worth approximately $36,506,000. Finally, Alyeska Investment Group L.P. raised its holdings in United Dominion Realty Trust by 155.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 904,642 shares of the real estate investment trust’s stock worth $40,863,000 after purchasing an additional 549,973 shares during the last quarter. Institutional investors 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.