United Dominion Realty Trust (NYSE:UDR) Price Target Raised to $45.00

Key Points

• Evercore ISI has raised its price target for United Dominion Realty Trust (UDR) from $44.00 to $45.00, suggesting a potential upside of 17.31% from the current stock price.
• Despite the positive outlook from Evercore ISI, several other analysts recently lowered their price targets for UDR, with Wells Fargo cutting its target from $48.00 to $42.00.
• United Dominion Realty Trust has shown a 2.4% year-over-year revenue growth, reporting quarterly earnings of $0.64 per share, surpassing analyst estimates.

United Dominion Realty Trust (NYSE:UDR - Free Report) had its target price boosted by Evercore ISI from $44.00 to $45.00 in a report published on Monday, MarketBeat Ratings reports. They currently have an outperform rating on the real estate investment trust's stock.

Several other research analysts have also weighed in on the company. Wall Street Zen lowered United Dominion Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Scotiabank dropped their target price on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Friday, June 13th. Wells Fargo & Company dropped their target price on United Dominion Realty Trust from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 27th. Truist Financial decreased their price target on United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating for the company in a research note on Tuesday, August 26th. Finally, UBS Group decreased their price target on United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, United Dominion Realty Trust currently has an average rating of "Hold" and a consensus price target of $44.38.

United Dominion Realty Trust Stock Up 0.8%

NYSE:UDR traded up $0.28 during trading hours on Monday, hitting $37.57. 1,084,175 shares of the company's stock traded hands, compared to its average volume of 2,241,708. The firm has a market cap of $12.45 billion, a P/E ratio of 98.86, a P/E/G ratio of 9.34 and a beta of 0.88. United Dominion Realty Trust has a twelve month low of $36.61 and a twelve month high of $46.62. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22. The stock's fifty day moving average price is $39.06 and its two-hundred day moving average price is $40.89.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $423.00 million for the quarter, compared to analyst estimates of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.United Dominion Realty Trust's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share. United Dominion Realty Trust has set its Q3 2025 guidance at 0.620-0.640 EPS. FY 2025 guidance at 2.490-2.550 EPS. On average, research analysts expect that United Dominion Realty Trust will post 2.51 earnings per share for the current fiscal year.

United Dominion Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Thursday, October 9th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, October 9th. This represents a $1.72 annualized dividend and a yield of 4.6%. United Dominion Realty Trust's dividend payout ratio is presently 452.63%.

Institutional Trading of United Dominion Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. Beaird Harris Wealth Management LLC bought a new stake in United Dominion Realty Trust during the 1st quarter valued at approximately $28,000. Spire Wealth Management raised its holdings in United Dominion Realty Trust by 3,079.2% in the 1st quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 739 shares in the last quarter. Sentry Investment Management LLC acquired a new position in United Dominion Realty Trust in the 1st quarter valued at approximately $47,000. Horizon Financial Services LLC acquired a new position in United Dominion Realty Trust in the 1st quarter valued at approximately $51,000. Finally, National Pension Service raised its holdings in United Dominion Realty Trust by 2,553.5% in the 1st quarter. National Pension Service now owns 1,141 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 1,098 shares in the last quarter. Institutional investors own 97.82% of the company's stock.

United Dominion Realty Trust Company Profile

UDR, Inc NYSE: UDR, an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.