UBS Group Issues Positive Forecast for United Dominion Realty Trust (NYSE:UDR) Stock Price

Key Points

• UBS raised its UDR price target to $43 from $39 and maintained a Buy rating, implying 17.31% upside from the share price cited in the report.
• Analyst views are mixed: UDR has an average rating of Hold and an average price target of $40.23, with nine Hold, five Buy, one Strong Buy, and two Sell ratings.
• UDR shares slipped 0.1% to $36.66 in Tuesday trading. The REIT reported quarterly EPS of $0.67 and revenue of $428.08 million.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) had its price target lifted by investment analysts at UBS Group from $39.00 to $43.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. UBS Group's target price suggests a potential upside of 17.31% from the company's current price.

Several other research analysts have also weighed in on UDR. Wall Street Zen raised United Dominion Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, August 9th. Royal Bank Of Canada raised their target price on shares of United Dominion Realty Trust from $37.00 to $38.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 4th. Mizuho lowered their target price on shares of United Dominion Realty Trust from $41.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, September 8th. JPMorgan Chase & Co. boosted their target price on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the stock an "underweight" rating in a report on Tuesday, August 4th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $38.00 price target on shares of United Dominion Realty Trust in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, United Dominion Realty Trust has an average rating of "Hold" and an average price target of $40.23.

United Dominion Realty Trust Stock Down 0.1%

Shares of NYSE UDR traded down $0.06 during mid-day trading on Tuesday, hitting $36.66. The company had a trading volume of 2,252,512 shares, compared to its average volume of 4,106,218. The company has a market capitalization of $11.62 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 8.14 and a beta of 0.70. The firm has a 50-day simple moving average of $34.92 and a two-hundred day simple moving average of $36.79. The company has a current ratio of 3.44, a quick ratio of 4.22 and a debt-to-equity ratio of 1.87. United Dominion Realty Trust has a one year low of $33.10 and a one year high of $42.00.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its earnings results on Wednesday, October 21st. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter. United Dominion Realty Trust had a return on equity of 22.39% and a net margin of 40.75%. The business had revenue of $428.08 million for the quarter. On average, equities analysts expect that United Dominion Realty Trust will post 2.54 EPS for the current year.

Insider Activity

In other news, COO Michael Lacy sold 10,000 shares of the firm's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $36.48, for a total transaction of $364,800.00. Following the completion of the sale, the chief operating officer owned 783 shares in the company, valued at approximately $28,563.84. This trade represents a 92.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.82% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UDR. BlackRock Inc. bought a new stake in shares of United Dominion Realty Trust during the second quarter worth approximately $1,247,535,000. Canada Pension Plan Investment Board acquired a new stake in United Dominion Realty Trust during the 2nd quarter worth approximately $219,560,000. Bank of New York Mellon Corp acquired a new stake in United Dominion Realty Trust during the 2nd quarter worth approximately $89,660,000. Legal & General Group Plc bought a new stake in United Dominion Realty Trust in the 2nd quarter valued at $78,688,000. Finally, Bank of America Corp DE bought a new stake in United Dominion Realty Trust in the 2nd quarter valued at $56,374,000. 97.82% of the stock is owned by institutional investors.

About United Dominion Realty Trust

UDR, Inc., formerly known as United Dominion Realty Trust, is a real estate investment trust focused on the ownership, development, acquisition and management of apartment communities in the United States. The company traces its history to 1972 and provides rental housing across a range of markets and communities. UDR's portfolio is concentrated in major coastal and Sun Belt markets, including areas such as New York, Boston, Washington, D.C., Southern California, Seattle, Denver, Dallas, Austin, Nashville and South Florida.

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