United Dominion Realty Trust, Inc. (NYSE:UDR) Shareholders to Get $0.14 Monthly Dividend

Key Points

• UDR declared a monthly dividend of $0.145 per share, payable November 2 to shareholders of record October 19. The annualized dividend is $1.74 per share, representing a 5.2% yield.
• The dividend has been raised for 15 consecutive years, but UDR’s current 285.2% payout ratio exceeds earnings coverage. Analysts expect improved coverage next year, with projected earnings of $2.58 per share versus the $1.74 annual dividend.
• UDR shares opened at $33.44, near their 12-month low, while analysts maintain a consensus “Hold” rating and an average price target of $40.97.

United Dominion Realty Trust, Inc. (NYSE:UDR - Get Free Report) announced a monthly dividend on Thursday, September 24th. Shareholders of record on Monday, October 19th will be given a dividend of $0.1450 per share by the real estate investment trust on Monday, November 2nd. This represents a $1.74 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Monday, October 19th.

United Dominion Realty Trust has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 15 consecutive years. United Dominion Realty Trust has a payout ratio of 285.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect United Dominion Realty Trust to earn $2.58 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 67.4%.

United Dominion Realty Trust Stock Down 0.3%

UDR opened at $33.44 on Friday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.01. United Dominion Realty Trust has a 12 month low of $32.94 and a 12 month high of $42.00. The company has a market cap of $10.74 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 8.69 and a beta of 0.70. The company has a 50 day moving average of $37.16 and a 200 day moving average of $37.10.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. The business had revenue of $425.40 million during the quarter, compared to the consensus estimate of $423.35 million. During the same period in the previous year, the firm posted $0.64 earnings per share. 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. On average, sell-side analysts expect that United Dominion Realty Trust will post 2.53 EPS for the current year.

Analysts Set New Price Targets

UDR has been the subject of a number of analyst reports. Truist Financial lowered 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 report on Wednesday, July 8th. Jefferies Financial Group upgraded United Dominion Realty Trust to a "strong-buy" rating in a research note on Wednesday, July 22nd. Morgan Stanley reduced 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. UBS Group reissued a "buy" rating and issued a $41.00 price target (down from $42.00) on shares of United Dominion Realty Trust in a report on Tuesday, September 15th. Finally, Barclays boosted their price objective on United Dominion Realty Trust from $41.00 to $46.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $40.97.

About United Dominion Realty Trust

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.