United Dominion Realty Trust (NYSE:UDR) Stock Passes Above 200 Day Moving Average – What’s Next?

United Dominion Realty Trust, Inc. (NYSE:UDR)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $36.79 and traded as high as $37.86. United Dominion Realty Trust shares last traded at $37.1230, with a volume of 3,945,758 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on UDR shares. Truist Financial raised United Dominion Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $41.00 to $42.00 in a report on Tuesday, January 20th. Royal Bank Of Canada increased their price target on United Dominion Realty Trust from $38.00 to $39.00 and gave the company a “sector perform” rating in a report on Tuesday, February 10th. Evercore restated an “outperform” rating on shares of United Dominion Realty Trust in a research note on Wednesday, February 11th. Wall Street Zen lowered shares of United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Piper Sandler lifted their target price on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, United Dominion Realty Trust has a consensus rating of “Hold” and an average target price of $40.89.

United Dominion Realty Trust Trading Down 1.6%

The company has a current ratio of 4.48, a quick ratio of 4.92 and a debt-to-equity ratio of 1.79. The business’s fifty day simple moving average is $37.06 and its two-hundred day simple moving average is $36.79. The stock has a market capitalization of $12.20 billion, a P/E ratio of 32.85, a P/E/G ratio of 12.66 and a beta of 0.72.

United Dominion Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were given a $0.43 dividend. The ex-dividend date was Monday, January 12th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.6%. United Dominion Realty Trust’s dividend payout ratio (DPR) is currently 152.21%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Empowered Funds LLC boosted its stake in United Dominion Realty Trust by 5.8% during the first 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 in the last quarter. Jane Street Group LLC lifted its holdings in shares of United Dominion Realty Trust by 35.0% during the 1st quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust’s stock worth $634,000 after acquiring an additional 3,637 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of United Dominion Realty Trust by 1.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,692 shares of the real estate investment trust’s stock valued at $2,741,000 after acquiring an additional 986 shares in the last quarter. 97.82% of the stock is currently owned by institutional investors and hedge funds.

About United Dominion Realty Trust

United Dominion Realty Trust (NYSE: UDR) is a publicly traded real estate investment trust specializing in the ownership, management, acquisition, development and redevelopment of multifamily apartment communities. The company’s core focus is on Class A and Class A–plus residential properties, offering a diverse portfolio designed to meet the evolving needs of renters. UDR employs a full-service management platform to oversee daily operations, property maintenance, leasing, and resident services, ensuring consistency and quality across its holdings.

UDR’s business activities encompass ground-up development, strategic property redevelopment, and selective acquisitions.