United Dominion Realty Trust, Inc. (NYSE:UDR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of United Dominion Realty Trust, Inc. (NYSE:UDR) have received an average recommendation of “Hold” from the fifteen brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $40.8214.

Several brokerages have recently commented on UDR. Weiss Ratings reissued a “hold (c)” rating on shares of United Dominion Realty Trust in a research note on Monday, December 29th. Cantor Fitzgerald raised their price objective on United Dominion Realty Trust from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Truist Financial reduced their price objective on United Dominion Realty Trust from $42.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Wells Fargo & Company decreased their target price on United Dominion Realty Trust from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Finally, Evercore reissued an “outperform” rating on shares of United Dominion Realty Trust in a report on Wednesday, February 11th.

United Dominion Realty Trust Stock Down 0.0%

UDR stock opened at $37.23 on Tuesday. The company has a current ratio of 4.48, a quick ratio of 4.48 and a debt-to-equity ratio of 1.79. The company’s 50-day moving average price is $37.36 and its 200 day moving average price is $36.71. United Dominion Realty Trust has a 52 week low of $32.94 and a 52 week high of $45.73. The company has a market cap of $12.23 billion, a P/E ratio of 32.95, a P/E/G ratio of 12.53 and a beta of 0.71.

United Dominion Realty Trust Dividend Announcement

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

Hedge Funds Weigh In On United Dominion Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of United Dominion Realty Trust by 1.7% in the first 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. Empowered Funds LLC raised 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 purchasing an additional 337 shares during the last quarter. Finally, Jane Street Group LLC raised its position 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 purchasing an additional 3,637 shares during the last quarter. Institutional investors and hedge funds own 97.82% of the company’s stock.

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.