Evercore ISI Issues Pessimistic Forecast for United Dominion Realty Trust (NYSE:UDR) Stock Price

Key Points

• Evercore ISI has reduced its price target for United Dominion Realty Trust (NYSE:UDR) from $45.00 to $44.00, while maintaining an "outperform" rating on the stock.
• Morgan Stanley and BNP Paribas Exane have also lowered their price targets and ratings, contributing to a general trend of caution among analysts regarding UDR's performance.
• Currently, UDR's stock has an average rating of "Hold" based on the inputs of multiple analysts, with an average target price of $43.73.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) had its price objective reduced by research analysts at Evercore ISI from $45.00 to $44.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Evercore ISI's target price would indicate a potential upside of 23.01% from the company's previous close.

Other equities analysts have also issued reports about the stock. Morgan Stanley lowered their price target on shares of United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating on the stock in a research report on Wednesday, August 13th. Weiss Ratings reissued a "hold (c)" rating on shares of United Dominion Realty Trust in a report on Wednesday, October 8th. BNP Paribas Exane lowered United Dominion Realty Trust from an "outperform" rating to a "neutral" rating in a report on Monday, September 29th. UBS Group reduced their target price on United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Finally, Truist Financial reduced their target price on United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating on the stock in a report on Tuesday, August 26th. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $43.73.

United Dominion Realty Trust Trading Down 0.1%

Shares of United Dominion Realty Trust stock opened at $35.77 on Monday. 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 firm has a 50-day moving average of $37.90 and a 200-day moving average of $40.03. United Dominion Realty Trust has a 52-week low of $35.21 and a 52-week high of $46.62. The stock has a market cap of $11.85 billion, a PE ratio of 94.13, a PEG ratio of 8.26 and a beta of 0.85.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its quarterly earnings results on Monday, June 3rd. The real estate investment trust reported $0.60 EPS for the quarter. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. The business had revenue of $399.55 million for the quarter. As a group, sell-side analysts forecast that United Dominion Realty Trust will post 2.51 EPS for the current year.

Institutional Trading of United Dominion Realty Trust

Several large investors have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky raised its position in United Dominion Realty Trust by 4.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,191 shares of the real estate investment trust's stock valued at $1,048,000 after purchasing an additional 989 shares during the last quarter. Amalgamated Bank raised its position in United Dominion Realty Trust by 1.6% in the first quarter. Amalgamated Bank now owns 59,947 shares of the real estate investment trust's stock valued at $2,708,000 after purchasing an additional 936 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in United Dominion Realty Trust in the first quarter valued at about $431,000. Wealth Enhancement Advisory Services LLC raised its position in United Dominion Realty Trust by 7.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,581 shares of the real estate investment trust's stock valued at $523,000 after purchasing an additional 842 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in United Dominion Realty Trust by 99.8% in the first quarter. Penserra Capital Management LLC now owns 31,415 shares of the real estate investment trust's stock valued at $1,418,000 after purchasing an additional 15,692 shares during the last quarter. 97.82% of the stock is owned by institutional investors and hedge funds.

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.

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