United Dominion Realty Trust, Inc. (NYSE:UDR) Receives Average Recommendation of “Hold” from Brokerages

Shares of United Dominion Realty Trust, Inc. (NYSE:UDR) have received an average recommendation of “Hold” from the fifteen research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $40.8214.

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group reaffirmed a “sell” rating and set a $39.00 price target on shares of United Dominion Realty Trust in a research note on Thursday, February 12th. Weiss Ratings reissued a “hold (c)” rating on shares of United Dominion Realty Trust in a research report on Friday, March 27th. Piper Sandler raised their target price 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. Evercore reaffirmed an “outperform” rating on shares of United Dominion Realty Trust in a research report on Wednesday, February 11th. Finally, Scotiabank boosted their price target on United Dominion Realty Trust from $37.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 4th.

United Dominion Realty Trust Stock Down 0.0%

Shares of NYSE:UDR opened at $34.64 on Friday. The company has a market capitalization of $11.38 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 11.70 and a beta of 0.73. The company has a 50 day moving average of $36.53 and a two-hundred day moving average of $36.21. United Dominion Realty Trust has a 52-week low of $32.94 and a 52-week high of $45.56. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 1.79.

United Dominion Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.435 per share. The ex-dividend date is Wednesday, April 15th. This represents a $1.74 annualized dividend and a yield of 5.0%. This is a boost from United Dominion Realty Trust’s previous quarterly dividend of $0.43. United Dominion Realty Trust’s dividend payout ratio (DPR) is presently 152.21%.

Hedge Funds Weigh In On United Dominion Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of United Dominion Realty Trust by 1.7% during the first 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 in the last quarter. Jane Street Group LLC boosted its stake in 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 valued at $634,000 after acquiring an additional 3,637 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in 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 valued at $277,000 after acquiring an additional 337 shares during the last quarter. 97.82% of the stock is currently owned by hedge funds and other 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.