Scotiabank Forecasts Strong Price Appreciation for United Dominion Realty Trust (NYSE:UDR) Stock

United Dominion Realty Trust (NYSE:UDR) had its price objective hoisted by investment analysts at Scotiabank from $37.00 to $39.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective suggests a potential upside of 3.56% from the stock’s current price.

Several other equities analysts have also recently issued reports on UDR. The Goldman Sachs Group restated a “sell” rating and set a $39.00 target price on shares of United Dominion Realty Trust in a research note on Thursday, February 12th. Truist Financial upgraded United Dominion Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $41.00 to $42.00 in a research note on Tuesday, January 20th. UBS Group boosted their target price on shares of United Dominion Realty Trust from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Royal Bank Of Canada boosted their price objective on shares of United Dominion Realty Trust from $38.00 to $39.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 10th. Finally, Morgan Stanley reduced 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, November 13th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.96.

United Dominion Realty Trust Trading Down 0.2%

NYSE:UDR opened at $37.66 on Wednesday. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 12.66 and a beta of 0.71. United Dominion Realty Trust has a 52 week low of $32.94 and a 52 week high of $45.73. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 1.79. The company’s 50 day moving average price is $37.34 and its 200-day moving average price is $36.75.

Hedge Funds Weigh In On United Dominion Realty Trust

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of United Dominion Realty Trust by 1.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,692 shares of the real estate investment trust’s stock worth $2,741,000 after buying an additional 986 shares during the last quarter. Jane Street Group LLC increased its stake in United Dominion Realty Trust by 35.0% during the first 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 last quarter. Finally, Empowered Funds LLC raised its position 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 valued at $277,000 after purchasing an additional 337 shares during the period. Institutional investors own 97.82% of the company’s stock.

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.