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

United Dominion Realty Trust, Inc. (NYSE:UDR) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.93 and traded as high as $37.94. United Dominion Realty Trust shares last traded at $37.62, with a volume of 5,153,381 shares.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UDR. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $37.00 target price on shares of United Dominion Realty Trust in a research report on Monday, January 5th. Wall Street Zen upgraded shares of United Dominion Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Wells Fargo & Company decreased their target price on shares of United Dominion Realty Trust from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. The Goldman Sachs Group boosted their price target on United Dominion Realty Trust from $33.00 to $37.50 and gave the stock a “sell” rating in a research report on Tuesday, January 20th. Finally, Mizuho cut their price target on United Dominion Realty Trust from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.21.

United Dominion Realty Trust Trading Up 2.7%

The stock has a market cap of $12.43 billion, a PE ratio of 85.50, a PEG ratio of 7.73 and a beta of 0.72. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 1.81. The stock’s fifty day moving average price is $36.46 and its 200 day moving average price is $36.93.

United Dominion Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were issued a $0.43 dividend. The ex-dividend date of this dividend 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 presently 390.91%.

Institutional Investors Weigh In On United Dominion Realty Trust

Institutional investors have recently modified their holdings of the business. Empowered Funds LLC raised its position in United Dominion Realty Trust by 5.8% in the 1st 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 during the last quarter. Jane Street Group LLC grew its position in United Dominion Realty Trust by 35.0% in 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 period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 buying an additional 986 shares during the last quarter. 97.82% of the stock is 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.