United Dominion Realty Trust (NYSE:UDR) Price Target Cut to $38.00 by Analysts at Scotiabank

Key Points

• Scotiabank lowered its price target for United Dominion Realty Trust from $41 to $38 while maintaining a “sector perform” rating, implying about 10.1% upside from the stock’s current price.
• Analyst sentiment remains mixed but averages to a “Hold” rating, with 18 analysts setting an average price target of $41.03; targets range from $38 to $43 among recent reports.
• UDR shares rose 0.3% to $34.51, while the company’s latest quarterly results exceeded expectations, reporting $0.21 in earnings per share versus a $0.13 consensus estimate and $425.4 million in revenue.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) had its target price cut by research analysts at Scotiabank from $41.00 to $38.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's price target would suggest a potential upside of 10.13% from the stock's current price.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group restated a "sell" rating and set a $38.00 target price on shares of United Dominion Realty Trust in a report on Thursday, July 30th. Wells Fargo & Company lowered their price objective on United Dominion Realty Trust from $44.00 to $43.00 and set an "overweight" rating on the stock in a report on Tuesday, September 1st. Cantor Fitzgerald raised their price objective on United Dominion Realty Trust from $39.00 to $41.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Jefferies Financial Group raised United Dominion Realty Trust to a "strong-buy" rating in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. increased their price target on United Dominion Realty Trust from $39.00 to $41.00 and gave the company an "underweight" rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $41.03.

United Dominion Realty Trust Stock Up 0.3%

Shares of NYSE UDR traded up $0.11 during trading hours on Thursday, hitting $34.51. The stock had a trading volume of 726,737 shares, compared to its average volume of 3,994,632. The company has a market capitalization of $11.09 billion, a P/E ratio of 21.96, a P/E/G ratio of 8.89 and a beta of 0.70. The firm's 50-day moving average price is $37.89 and its two-hundred day moving average price is $37.25. United Dominion Realty Trust has a 52 week low of $32.94 and a 52 week high of $42.00. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.22 and a current ratio of 4.22.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The firm had revenue of $425.40 million for the quarter, compared to analyst estimates of $423.35 million. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 earnings per share. United Dominion Realty Trust has set its FY 2026 guidance at 2.490-2.570 EPS and its Q3 2026 guidance at 0.640-0.640 EPS. Analysts anticipate that United Dominion Realty Trust will post 2.53 EPS for the current fiscal year.

Hedge Funds Weigh In On United Dominion Realty Trust

Hedge funds have recently made changes to their positions in the business. New Mexico Educational Retirement Board lifted its stake in United Dominion Realty Trust by 7.2% during the second quarter. New Mexico Educational Retirement Board now owns 14,900 shares of the real estate investment trust's stock worth $595,000 after purchasing an additional 1,000 shares during the last quarter. Addison Advisors LLC purchased a new position in shares of United Dominion Realty Trust in the 2nd quarter valued at $58,000. Northwestern Mutual Wealth Management Co. purchased a new stake in United Dominion Realty Trust in the second quarter valued at $75,000. Allworth Financial LP acquired a new position in United Dominion Realty Trust in the second quarter valued at $106,000. Finally, Westpac Banking Corp purchased a new position in shares of United Dominion Realty Trust during the second quarter worth about $114,000. Institutional investors and hedge funds own 97.82% of the company's stock.

United Dominion Realty Trust Company Profile

United Dominion Realty Trust, Inc NYSE: UDR is a real estate investment trust focused on the ownership, acquisition, development, redevelopment and management of multifamily apartment communities. The company generates revenue primarily by leasing residential units to individuals and families.

Founded in 1972, UDR provides rental housing under its apartment community brands and supports residents through property management and related services. Its portfolio includes conventional apartment communities as well as properties offering amenities and technology-enabled services intended to enhance the resident experience.

UDR operates in selected metropolitan markets across the United States, with a focus on areas characterized by employment growth, household formation and sustained demand for rental housing.

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