Citigroup Lowers United Dominion Realty Trust (NYSE:UDR) Price Target to $40.50

Key Points

• Citigroup cut its price target on United Dominion Realty Trust from $42.00 to $40.50 and kept a "neutral" rating, while the Street consensus target is about $40.27 with an overall analyst consensus of "Hold" (5 Buy, 9 Hold, 2 Sell).
• UDR missed Q1 EPS estimates ($0.57 vs. $0.62) and slightly missed revenue, but provided FY2026 guidance of 2.470–2.570 EPS and Q2 guidance of 0.620–0.640 EPS.
• The company's Board authorized a 25,000,000‑share buyback; shares traded around $37.23 with a market cap near $12.1B and a P/E of 25.33.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) had its price target cut by equities research analysts at Citigroup from $42.00 to $40.50 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. Citigroup's price objective points to a potential upside of 8.79% from the stock's previous close.

UDR has been the topic of several other reports. UBS Group raised their target price on United Dominion Realty Trust from $41.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, January 8th. Weiss Ratings reissued a "hold (c)" rating on shares of United Dominion Realty Trust in a research note on Friday, March 27th. Barclays cut their target price on United Dominion Realty Trust from $44.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday, March 6th. Evercore reissued an "outperform" rating on shares of United Dominion Realty Trust in a research note on Wednesday, February 11th. Finally, Wall Street Zen cut United Dominion Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $40.27.

United Dominion Realty Trust Trading Up 0.8%

Shares of NYSE:UDR traded up $0.29 on Wednesday, reaching $37.23. 1,648,571 shares of the company traded hands, compared to its average volume of 4,024,221. The business's 50-day simple moving average is $35.56 and its 200 day simple moving average is $35.99. United Dominion Realty Trust has a 52 week low of $32.94 and a 52 week high of $43.12. The stock has a market capitalization of $12.10 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 12.28 and a beta of 0.73. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 1.75.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.05). United Dominion Realty Trust had a net margin of 28.60% and a return on equity of 15.10%. The company had revenue of $425.85 million for the quarter, compared to the consensus estimate of $427.08 million. During the same period last year, the business posted $0.61 earnings per share. The firm's quarterly revenue was up .8% compared to the same quarter last year. United Dominion Realty Trust has set its FY 2026 guidance at 2.470-2.570 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. As a group, equities analysts anticipate that United Dominion Realty Trust will post 2.53 EPS for the current fiscal year.

United Dominion Realty Trust announced that its Board of Directors has approved a stock buyback program on Monday, May 4th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Hedge Funds Weigh In On United Dominion Realty Trust

Large investors have recently made changes to their positions in the business. Empowered Funds LLC lifted its holdings in shares of United Dominion Realty Trust by 5.8% during the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust's stock valued at $277,000 after purchasing an additional 337 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of United Dominion Realty Trust by 35.0% during the first quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust's stock valued at $634,000 after purchasing an additional 3,637 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of United Dominion Realty Trust by 1.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,692 shares of the real estate investment trust's stock valued at $2,741,000 after purchasing an additional 986 shares during the last quarter. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

United Dominion Realty Trust Company Profile

United Dominion Realty Trust NYSE: UDR is a publicly traded real estate investment trust specializing in the ownership, management, acquisition, development and redevelopment of multifamily apartment communities. The company's core focus is on Class A and Class A–plus residential properties, offering a diverse portfolio designed to meet the evolving needs of renters. UDR employs a full-service management platform to oversee daily operations, property maintenance, leasing, and resident services, ensuring consistency and quality across its holdings.

UDR's business activities encompass ground-up development, strategic property redevelopment, and selective acquisitions.

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