United Dominion Realty Trust (NYSE:UDR) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of United Dominion Realty Trust (NYSE:UDR) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

UDR has been the subject of several other research reports. UBS Group cut their price target on 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. Evercore ISI cut their price target on United Dominion Realty Trust from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, August 4th. Barclays lifted their price target on United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Mizuho cut their price target on United Dominion Realty Trust from $45.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, May 23rd. Finally, Scotiabank cut their price target on 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.57.

United Dominion Realty Trust Price Performance

Shares of NYSE UDR opened at $37.52 on Friday. The firm has a market capitalization of $12.43 billion, a P/E ratio of 98.73, a PEG ratio of 9.54 and a beta of 0.84. United Dominion Realty Trust has a one year low of $36.61 and a one year high of $47.55. The company’s fifty day moving average is $40.46 and its two-hundred day moving average is $41.70. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22.

United Dominion Realty Trust (NYSE:UDR) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $423.00 million for the quarter, compared to analyst estimates of $422.64 million. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. Analysts forecast that United Dominion Realty Trust will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Thursday, July 10th. United Dominion Realty Trust’s dividend payout ratio (DPR) is currently 452.63%.

Institutional Trading of United Dominion Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky grew its holdings in United Dominion Realty Trust by 4.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 23,191 shares of the real estate investment trust’s stock valued at $1,048,000 after buying an additional 989 shares during the period. Yousif Capital Management LLC grew its holdings in United Dominion Realty Trust by 35.1% in the 1st quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust’s stock valued at $2,968,000 after buying an additional 17,061 shares during the period. Amalgamated Bank grew its holdings in United Dominion Realty Trust by 1.6% in the 1st quarter. Amalgamated Bank now owns 59,947 shares of the real estate investment trust’s stock valued at $2,708,000 after buying an additional 936 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in United Dominion Realty Trust in the 1st quarter valued at about $431,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in United Dominion Realty Trust by 7.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,581 shares of the real estate investment trust’s stock valued at $523,000 after buying an additional 842 shares during the period. Hedge funds and other institutional investors own 97.82% of the company’s stock.

United Dominion Realty Trust Company Profile

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.