United Dominion Realty Trust (NYSE:UDR) Stock Rating Lowered by Wall Street Zen

United Dominion Realty Trust (NYSE:UDR) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

A number of other analysts have also recently weighed in on UDR. Morgan Stanley decreased their price target on United Dominion Realty Trust from $44.50 to $43.50 and set an “equal weight” rating for the company in a research report on Thursday. The Goldman Sachs Group cut their price objective on United Dominion Realty Trust from $37.00 to $33.00 and set a “sell” rating for the company in a report on Tuesday, November 4th. BNP Paribas Exane downgraded shares of United Dominion Realty Trust from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Cantor Fitzgerald initiated coverage on United Dominion Realty Trust in a report on Wednesday, October 1st. They set a “neutral” rating and a $40.00 price objective on the stock. Finally, BNP Paribas cut United Dominion Realty Trust from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, United Dominion Realty Trust presently has an average rating of “Hold” and a consensus target price of $41.10.

United Dominion Realty Trust Stock Performance

Shares of NYSE UDR opened at $34.67 on Friday. United Dominion Realty Trust has a 52-week low of $32.94 and a 52-week high of $46.62. 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 firm’s 50-day moving average price is $36.18 and its two-hundred day moving average price is $38.94. The stock has a market capitalization of $11.46 billion, a P/E ratio of 78.79, a P/E/G ratio of 7.76 and a beta of 0.84.

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 firm had revenue of $399.55 million for the quarter. United Dominion Realty Trust had a return on equity of 4.51% and a net margin of 8.80%. As a group, sell-side analysts forecast that United Dominion Realty Trust will post 2.51 earnings per share for the current year.

Hedge Funds Weigh In On United Dominion Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of UDR. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of United Dominion Realty Trust by 4.5% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,864 shares of the real estate investment trust’s stock worth $355,000 after buying an additional 336 shares during the period. Empowered Funds LLC lifted its position in shares of United Dominion Realty Trust by 5.8% during the 1st quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 337 shares during the last quarter. Graham Capital Wealth Management LLC boosted its stake in shares of 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 valued at $2,878,000 after purchasing an additional 466 shares in the last quarter. Townsquare Capital LLC grew its stake in shares of United Dominion Realty Trust by 9.6% during the first quarter. Townsquare Capital LLC now owns 5,671 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 498 shares during the last quarter. Finally, KLP Kapitalforvaltning AS increased its holdings 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 in 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.