United Dominion Realty Trust (NYSE:UDR) Price Target Lowered to $45.00 at UBS Group

United Dominion Realty Trust (NYSE:UDR - Free Report) had its price objective lowered by UBS Group from $50.00 to $45.00 in a research report report published on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the real estate investment trust's stock.

A number of other research firms have also weighed in on UDR. Barclays lifted their price objective on United Dominion Realty Trust from $48.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Mizuho cut their price target on United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Scotiabank cut their price target on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating for the company in a research note on Friday, June 13th. Royal Bank Of Canada lifted their price target on United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Finally, Evercore ISI set a $46.00 price objective on United Dominion Realty Trust and gave the stock an "outperform" rating in a research note on Monday, July 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $46.07.

United Dominion Realty Trust Stock Up 0.0%

United Dominion Realty Trust stock traded up $0.02 during midday trading on Tuesday, reaching $40.69. The company's stock had a trading volume of 1,808,617 shares, compared to its average volume of 2,160,925. The stock's 50-day simple moving average is $41.03 and its 200-day simple moving average is $41.92. The company has a debt-to-equity ratio of 1.77, a current ratio of 8.35 and a quick ratio of 8.35. United Dominion Realty Trust has a 52-week low of $36.61 and a 52-week high of $47.55. The stock has a market capitalization of $13.48 billion, a P/E ratio of 116.25, a PEG ratio of 13.56 and a beta of 0.82.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, meeting analysts' consensus estimates of $0.61. United Dominion Realty Trust had a return on equity of 3.73% and a net margin of 7.33%. The company had revenue of $419.84 million during the quarter, compared to analysts' expectations of $421.23 million. During the same period last year, the business posted $0.61 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts expect that United Dominion Realty Trust will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio is presently 491.43%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UDR. Beaird Harris Wealth Management LLC purchased a new position in United Dominion Realty Trust during the first quarter worth about $28,000. Spire Wealth Management lifted its stake in United Dominion Realty Trust by 3,079.2% during the first quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 739 shares in the last quarter. Sentry Investment Management LLC acquired a new position in United Dominion Realty Trust during the first quarter worth $47,000. Horizon Financial Services LLC acquired a new position in United Dominion Realty Trust during the first quarter worth $51,000. Finally, National Pension Service lifted its stake in United Dominion Realty Trust by 2,553.5% during the first quarter. National Pension Service now owns 1,141 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 1,098 shares in the last quarter. 97.84% of the stock is currently 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.