United Dominion Realty Trust (NYSE:UDR) Stock Gets Price Target Trim from Wells Fargo & Company

Key Points

• Wells Fargo cut UDR’s price target from $43 to $39 while maintaining an “overweight” rating, implying approximately 14.9% upside from the prior close.
• Analyst sentiment is mixed: UDR has a consensus “Hold” rating and an average price target of $40.03, with recent downgrades from Morgan Stanley and Truist alongside UBS’s “Buy” rating.
• UDR shares fell 0.9% to $33.95. The REIT recently beat quarterly EPS estimates, reporting $0.21 versus the $0.13 consensus, while institutional investors own 97.82% of its stock.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) had its target price reduced by investment analysts at Wells Fargo & Company from $43.00 to $39.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price would indicate a potential upside of 14.89% from the stock's previous close.

Other analysts have also recently issued research reports about the company. Wall Street Zen raised United Dominion Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, August 9th. Morgan Stanley decreased their price objective on United Dominion Realty Trust from $44.50 to $42.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 12th. Truist Financial cut United Dominion Realty Trust from a "buy" rating to a "hold" rating and set a $41.00 price objective for the company. in a research note on Wednesday, July 8th. UBS Group dropped their price objective on United Dominion Realty Trust from $41.00 to $39.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of United Dominion Realty Trust in a research note on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $40.03.

United Dominion Realty Trust Stock Down 0.9%

Shares of UDR traded down $0.32 during mid-day trading on Monday, hitting $33.95. The company's stock had a trading volume of 830,386 shares, compared to its average volume of 3,996,401. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.01. The company's 50-day moving average is $35.50 and its 200-day moving average is $36.96. United Dominion Realty Trust has a 52-week low of $32.94 and a 52-week high of $42.00. The firm has a market capitalization of $10.91 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 9.54 and a beta of 0.72.

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 (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. The company 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%. United Dominion Realty Trust's revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $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. On average, equities research analysts forecast that United Dominion Realty Trust will post 2.53 EPS for the current fiscal year.

Institutional Trading of United Dominion Realty Trust

A number of institutional investors have recently made changes to their positions in UDR. New Mexico Educational Retirement Board lifted its stake in shares of 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 buying an additional 1,000 shares during the period. Rakuten Investment Management Inc. acquired a new position in shares of United Dominion Realty Trust in the 2nd quarter valued at $1,258,000. Empowered Funds LLC acquired a new position in shares of United Dominion Realty Trust in the 2nd quarter valued at $253,000. United Capital Financial Advisors LLC purchased a new position in United Dominion Realty Trust in the 2nd quarter worth $366,000. Finally, Pacific Heights Asset Management LLC purchased a new position in United Dominion Realty Trust in the 2nd quarter worth $15,968,000. Institutional investors and hedge funds own 97.82% of the company's stock.

About United Dominion Realty Trust

United Dominion Realty Trust, Inc NYSE: UDR is a real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company generates revenue primarily by leasing apartments and related residential units to individuals and households.

UDR's portfolio includes conventional apartment communities as well as residential properties with amenities and services designed to support renter convenience and engagement. Its operations encompass property management, resident services, renovations, development and strategic acquisitions.

Founded in 1972, UDR has grown into a multifamily housing owner and operator serving selected markets across the United States.

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