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

JPMorgan Chase & Co. restated their underweight rating on shares of United Dominion Realty Trust (NYSE:UDR) in a research report sent to investors on Thursday, Marketbeat Ratings reports. The firm currently has a $40.00 price target on the real estate investment trust’s stock, down from their prior price target of $42.00.

UDR has been the topic of a number of other research reports. The Goldman Sachs Group cut their target price on shares of United Dominion Realty Trust from $37.00 to $33.00 and set a “sell” rating on the stock in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Dominion Realty Trust in a research report on Monday. BMO Capital Markets set a $44.00 target price on United Dominion Realty Trust in a report on Thursday, September 4th. BNP Paribas Exane lowered United Dominion Realty Trust from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Finally, Wall Street Zen cut United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $40.30.

United Dominion Realty Trust Price Performance

UDR opened at $36.12 on Thursday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.92 and a current ratio of 4.92. The stock has a market capitalization of $11.94 billion, a PE ratio of 82.09, a price-to-earnings-growth ratio of 8.34 and a beta of 0.71. The stock’s 50 day moving average price is $35.36 and its 200-day moving average price is $37.93. United Dominion Realty Trust has a 52-week low of $32.94 and a 52-week high of $46.47.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings results on Monday, June 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter. The business had revenue of $399.55 million for the quarter. United Dominion Realty Trust had a net margin of 8.80% and a return on equity of 4.54%. On average, equities research analysts predict that United Dominion Realty Trust will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, January 12th. United Dominion Realty Trust’s dividend payout ratio (DPR) is presently 390.91%.

Institutional Trading of United Dominion Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in UDR. Beaird Harris Wealth Management LLC bought a new position in United Dominion Realty Trust during the 1st quarter valued at approximately $28,000. Brooklyn Investment Group grew its stake in shares of United Dominion Realty Trust by 124.7% in the first quarter. Brooklyn Investment Group now owns 1,784 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 990 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of United Dominion Realty Trust by 107.5% in the second quarter. Parallel Advisors LLC now owns 4,335 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 2,246 shares during the last quarter. Compound Planning Inc. bought a new position in shares of United Dominion Realty Trust during the first quarter valued at $202,000. Finally, Jump Financial LLC purchased a new position in shares of United Dominion Realty Trust in the 1st quarter worth about $213,000. Hedge funds and other 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.