Truist Financial Cuts United Dominion Realty Trust (NYSE:UDR) Price Target to $41.00

United Dominion Realty Trust (NYSE:UDR) had its price target lowered by Truist Financial from $42.00 to $41.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other equities research analysts have also weighed in on the company. Wells Fargo & Company lowered their price objective on United Dominion Realty Trust from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. 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 report on Thursday, February 12th. Piper Sandler boosted their price target on United Dominion Realty Trust from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada upped their price target on 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, Wall Street Zen lowered United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, United Dominion Realty Trust presently has a consensus rating of “Hold” and an average price target of $40.82.

United Dominion Realty Trust Price Performance

Shares of United Dominion Realty Trust stock opened at $37.26 on Thursday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 4.48 and a current ratio of 4.48. The firm’s 50-day simple moving average is $37.35 and its 200-day simple moving average is $36.73. United Dominion Realty Trust has a twelve month low of $32.94 and a twelve month high of $45.73. The firm has a market cap of $12.24 billion, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 12.49 and a beta of 0.71.

United Dominion Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Monday, January 12th were paid 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 payout ratio is 152.21%.

Institutional Investors Weigh In On United Dominion Realty Trust

Large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in 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 valued at $2,741,000 after purchasing an additional 986 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of 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 purchasing an additional 3,637 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of United Dominion Realty Trust by 5.8% in the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 337 shares in the last quarter. 97.82% of the stock is currently owned by institutional investors.

United Dominion Realty Trust Company Profile

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.