United Dominion Realty Trust, Inc. (NYSE:UDR) Receives $46.07 Consensus Target Price from Brokerages

United Dominion Realty Trust, Inc. (NYSE:UDR) has earned an average recommendation of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $46.07.

UDR has been the subject of several research analyst reports. Evercore ISI set a $46.00 price target on shares of United Dominion Realty Trust and gave the company an “outperform” rating in a research note on Monday, July 7th. UBS Group decreased their price target on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, July 15th. Royal Bank Of Canada lifted their price target on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, May 8th. Scotiabank decreased their price target on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a “sector perform” rating for the company in a research note on Friday, June 13th. Finally, Barclays lifted their price target on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, May 9th.

Institutional Investors Weigh In On United Dominion Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Beaird Harris Wealth Management LLC bought a new stake in United Dominion Realty Trust in the 1st quarter worth about $28,000. Spire Wealth Management grew its position in United Dominion Realty Trust by 3,079.2% in the 1st quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 739 shares in the last quarter. Sentry Investment Management LLC bought a new stake in United Dominion Realty Trust in the 1st quarter worth about $47,000. Horizon Financial Services LLC bought a new stake in United Dominion Realty Trust in the 1st quarter worth about $51,000. Finally, National Pension Service grew its position in United Dominion Realty Trust by 2,553.5% in the 1st quarter. National Pension Service now owns 1,141 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,098 shares in the last quarter. 97.82% of the stock is owned by institutional investors.

United Dominion Realty Trust Price Performance

Shares of NYSE UDR opened at $39.89 on Monday. United Dominion Realty Trust has a twelve month low of $36.61 and a twelve month high of $47.55. The firm has a fifty day simple moving average of $40.80 and a 200 day simple moving average of $41.83. The company has a market capitalization of $13.22 billion, a PE ratio of 113.97, a P/E/G ratio of 13.54 and a beta of 0.82. The company has a quick ratio of 8.35, a current ratio of 8.35 and a debt-to-equity ratio of 1.77.

United Dominion Realty Trust (NYSE:UDR) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. The firm had revenue of $423.00 million during the quarter, compared to the consensus estimate of $422.64 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. On average, sell-side analysts forecast that United Dominion Realty Trust will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Thursday, July 10th. United Dominion Realty Trust’s payout ratio is presently 491.43%.

About United Dominion Realty Trust

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.