Evercore ISI Issues Pessimistic Forecast for United Dominion Realty Trust (NYSE:UDR) Stock Price

United Dominion Realty Trust (NYSE:UDR) had its price target decreased by research analysts at Evercore ISI from $44.00 to $42.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Evercore ISI’s price target would suggest a potential upside of 22.52% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company reduced their price objective on shares of United Dominion Realty Trust from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, October 13th. BNP Paribas downgraded shares of United Dominion Realty Trust from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. BMO Capital Markets set a $44.00 price objective on shares of United Dominion Realty Trust in a research report on Thursday, September 4th. Piper Sandler reduced their price objective on shares of United Dominion Realty Trust from $43.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Wall Street Zen downgraded shares of United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $41.57.

United Dominion Realty Trust Trading Up 1.5%

NYSE:UDR opened at $34.28 on Monday. The company has a debt-to-equity ratio of 1.76, a current ratio of 5.22 and a quick ratio of 5.22. The firm has a 50-day moving average of $36.89 and a 200-day moving average of $39.31. The company has a market cap of $11.36 billion, a PE ratio of 77.91, a PEG ratio of 7.76 and a beta of 0.85. United Dominion Realty Trust has a one year low of $32.94 and a one year high of $46.62.

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. The company had revenue of $399.55 million during the quarter. United Dominion Realty Trust had a net margin of 8.80% and a return on equity of 4.51%. As a group, equities research analysts expect that United Dominion Realty Trust will post 2.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Nuveen LLC purchased a new stake in United Dominion Realty Trust in the 1st quarter worth approximately $79,487,000. Invesco Ltd. raised its position in shares of 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 valued at $413,542,000 after buying an additional 1,619,997 shares in the last quarter. Woodline Partners LP raised its position in shares of 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 valued at $64,188,000 after buying an additional 900,504 shares in the last quarter. Strs Ohio purchased a new stake in shares of United Dominion Realty Trust during the 1st quarter valued at $36,506,000. Finally, Alyeska Investment Group L.P. raised its position in shares of 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 valued at $40,863,000 after buying an additional 549,973 shares in the last quarter. 97.82% of the stock is owned by institutional investors.

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.