United Dominion Realty Trust (NYSE:UDR) Raised to Strong-Buy at UBS Group

Key Points

• UBS Group upgraded UDR to “strong buy,” although the broader analyst consensus remains “hold,” with an average price target of $41.23.
• UDR opened at $34.41, below its $41.23 consensus target, and has traded between $32.94 and $42.00 over the past year.
• The REIT reported quarterly EPS of $0.21, beating estimates by $0.08, on revenue of $425.4 million; institutional investors own 97.82% of its shares.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) was upgraded by analysts at UBS Group to a "strong-buy" rating in a research note issued on Tuesday, Zacks reports.

Several other brokerages have also recently commented on UDR. JPMorgan Chase & Co. boosted their price target on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 4th. Scotiabank raised their price objective on shares of United Dominion Realty Trust from $38.00 to $41.00 and gave the company a "sector perform" rating in a research report on Thursday, July 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of United Dominion Realty Trust in a research note on Wednesday, June 24th. Mizuho dropped 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. Finally, Evercore reissued an "outperform" rating on shares of United Dominion Realty Trust in a research note on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $41.23.

United Dominion Realty Trust Price Performance

NYSE UDR opened at $34.41 on Tuesday. United Dominion Realty Trust has a 12 month low of $32.94 and a 12 month high of $42.00. The firm has a market capitalization of $11.06 billion, a PE ratio of 21.92, a P/E/G ratio of 8.89 and a beta of 0.70. The company's 50 day simple moving average is $37.89 and its 200 day simple moving average is $37.25. The company has a debt-to-equity ratio of 2.01, a current ratio of 4.22 and a quick ratio of 4.22.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. United Dominion Realty Trust had a return on equity of 16.56% and a net margin of 30.43%.The company had revenue of $425.40 million for the quarter, compared to analysts' expectations of $423.35 million. During the same period last year, the firm earned $0.64 EPS. The firm's revenue for the quarter was up .0% on a year-over-year basis. 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. As a group, equities research analysts forecast that United Dominion Realty Trust will post 2.53 EPS for the current fiscal year.

Hedge Funds Weigh In On United Dominion Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of UDR. Addison Advisors LLC acquired a new stake in United Dominion Realty Trust during the 2nd quarter worth about $58,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of United Dominion Realty Trust in the second quarter worth about $75,000. Allworth Financial LP acquired a new position in shares of United Dominion Realty Trust in the second quarter worth about $106,000. Westpac Banking Corp purchased a new position in shares of United Dominion Realty Trust in the second quarter worth approximately $114,000. Finally, Global Retirement Partners LLC purchased a new position in shares of United Dominion Realty Trust in the second quarter worth approximately $187,000. 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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