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

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

Several other research firms also recently weighed in on UDR. Barclays lifted their target price on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Mizuho cut their price target on shares of 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 decreased their price objective on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a report on Friday, June 13th. Evercore ISI set a $46.00 price target on shares of United Dominion Realty Trust and gave the company an "outperform" rating in a report on Monday, July 7th. Finally, Royal Bank Of Canada upped their price objective on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, United Dominion Realty Trust presently has a consensus rating of "Hold" and a consensus price target of $46.07.

United Dominion Realty Trust Stock Performance

NYSE UDR traded up $0.06 during trading hours on Tuesday, reaching $40.70. 1,894,931 shares of the company were exchanged, compared to its average volume of 2,159,865. United Dominion Realty Trust has a 1 year low of $36.61 and a 1 year high of $47.55. The business's 50 day simple moving average is $41.03 and its 200-day simple moving average is $41.92. The company has a quick ratio of 8.35, a current ratio of 8.35 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $13.48 billion, a P/E ratio of 116.29, a P/E/G ratio of 13.56 and a beta of 0.82.

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

United Dominion Realty Trust Announces Dividend

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

Institutional Investors Weigh In On United Dominion Realty Trust

A number of large investors have recently modified their holdings of UDR. Yousif Capital Management LLC increased its position in shares of United Dominion Realty Trust by 35.1% during the first quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust's stock valued at $2,968,000 after acquiring an additional 17,061 shares during the last quarter. Amalgamated Bank increased its position in shares of United Dominion Realty Trust by 1.6% during the first quarter. Amalgamated Bank now owns 59,947 shares of the real estate investment trust's stock valued at $2,708,000 after acquiring an additional 936 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of United Dominion Realty Trust during the first quarter valued at about $431,000. Wealth Enhancement Advisory Services LLC increased its position in shares of United Dominion Realty Trust by 7.8% during 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 acquiring an additional 842 shares during the last quarter. Finally, Penserra Capital Management LLC increased its position in shares of United Dominion Realty Trust by 99.8% during 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 acquiring an additional 15,692 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company's stock.

About United Dominion Realty Trust

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.