Barclays Has Lowered Expectations for United Dominion Realty Trust (NYSE:UDR) Stock Price

United Dominion Realty Trust (NYSE:UDR) had its price objective reduced by Barclays from $51.00 to $48.00 in a research note released on Tuesday,Benzinga reports. Barclays currently has an overweight rating on the real estate investment trust’s stock.

UDR has been the topic of a number of other reports. Evercore ISI dropped their price target on United Dominion Realty Trust from $45.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday. Mizuho lowered their target price on United Dominion Realty Trust from $45.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, May 23rd. Wall Street Zen lowered United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday. UBS Group lowered their target price on United Dominion Realty Trust from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, July 15th. Finally, Piper Sandler restated a “neutral” rating and issued a $43.00 target price (down from $48.00) on shares of United Dominion Realty Trust in a research note on Monday, August 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, United Dominion Realty Trust has an average rating of “Hold” and an average target price of $45.29.

United Dominion Realty Trust Stock Performance

Shares of United Dominion Realty Trust stock opened at $37.83 on Tuesday. The business’s fifty day simple moving average is $40.40 and its 200 day simple moving average is $41.67. The firm has a market capitalization of $12.53 billion, a P/E ratio of 99.55, a price-to-earnings-growth ratio of 9.40 and a beta of 0.84. United Dominion Realty Trust has a 12 month low of $36.61 and a 12 month high of $47.55. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76.

United Dominion Realty Trust (NYSE:UDR) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $423.00 million for the quarter, compared to analyst estimates of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%. United Dominion Realty Trust’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. As a group, analysts anticipate that United Dominion Realty Trust will post 2.51 EPS for the current 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 paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Thursday, July 10th. United Dominion Realty Trust’s payout ratio is presently 452.63%.

Institutional Trading of United Dominion Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in UDR. Capital Research Global Investors raised its stake in shares of United Dominion Realty Trust by 64.1% during the 4th quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust’s stock valued at $566,940,000 after purchasing an additional 5,101,668 shares during the period. Nuveen LLC bought a new stake in shares of United Dominion Realty Trust during the 1st quarter valued at $79,487,000. Northern Trust Corp raised its stake in shares of United Dominion Realty Trust by 54.2% during the 4th quarter. Northern Trust Corp now owns 4,853,979 shares of the real estate investment trust’s stock valued at $210,711,000 after purchasing an additional 1,706,037 shares during the period. Invesco Ltd. increased its stake in United Dominion Realty Trust by 21.5% in the 1st quarter. Invesco Ltd. now owns 9,155,231 shares of the real estate investment trust’s stock worth $413,542,000 after acquiring an additional 1,619,997 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in United Dominion Realty Trust in the 4th quarter worth about $42,073,000. 97.82% of the stock is currently owned by institutional investors.

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.