United Dominion Realty Trust (NYSE:UDR) Reaches New 52-Week Low on Analyst Downgrade

United Dominion Realty Trust, Inc. (NYSE:UDR)’s share price reached a new 52-week low on Monday after Evercore ISI lowered their price target on the stock from $44.00 to $42.00. Evercore ISI currently has an outperform rating on the stock. United Dominion Realty Trust traded as low as $33.15 and last traded at $33.1020, with a volume of 82782 shares traded. The stock had previously closed at $33.69.

UDR has been the subject of a number of other reports. Barclays decreased their price target on shares of United Dominion Realty Trust from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Tuesday, September 30th. BNP Paribas Exane downgraded shares of United Dominion Realty Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Wall Street Zen downgraded shares of United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. UBS Group cut their price objective on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $46.00 target price on shares of United Dominion Realty Trust in a report on Friday, October 17th. Four research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, United Dominion Realty Trust currently has a consensus rating of “Hold” and an average price target of $43.39.

Institutional Investors Weigh In On United Dominion Realty Trust

A number of institutional investors have recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of 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 valued at $355,000 after buying an additional 336 shares during the last quarter. Empowered Funds LLC boosted its holdings in United Dominion Realty Trust by 5.8% in the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 337 shares during the last quarter. Graham Capital Wealth Management LLC grew its position in United Dominion Realty Trust by 0.7% in the 1st quarter. Graham Capital Wealth Management LLC now owns 63,707 shares of the real estate investment trust’s stock worth $2,878,000 after purchasing an additional 466 shares during the period. Townsquare Capital LLC grew its position in United Dominion Realty Trust by 9.6% in the 1st quarter. Townsquare Capital LLC now owns 5,671 shares of the real estate investment trust’s stock worth $256,000 after purchasing an additional 498 shares during the period. Finally, KLP Kapitalforvaltning AS grew its position in United Dominion Realty Trust by 0.4% in the 1st quarter. KLP Kapitalforvaltning AS now owns 116,693 shares of the real estate investment trust’s stock worth $5,271,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 97.82% of the company’s stock.

United Dominion Realty Trust Stock Performance

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 firm has a market cap of $11.20 billion, a P/E ratio of 76.79, a P/E/G ratio of 7.76 and a beta of 0.85. The business’s 50-day simple moving average is $36.98 and its 200 day simple moving average is $39.36.

United Dominion Realty Trust (NYSE:UDR) last posted its earnings results on Monday, June 3rd. The real estate investment trust reported $0.60 EPS for the quarter. United Dominion Realty Trust had a net margin of 8.80% and a return on equity of 4.51%. The business had revenue of $399.55 million during the quarter. As a group, equities analysts predict that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Thursday, October 9th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Thursday, October 9th. United Dominion Realty Trust’s payout ratio is 390.91%.

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.