United Dominion Realty Trust, Inc. (NYSE:UDR) Given Average Rating of "Hold" by Brokerages

United Dominion Realty Trust, Inc. (NYSE:UDR - Get Free Report) has earned an average rating of "Hold" from the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. One research 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. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $46.38.

UDR has been the subject of a number of recent research reports. Truist Financial cut shares of United Dominion Realty Trust from a "buy" rating to a "hold" rating and upped their price objective for the stock from $45.00 to $46.00 in a report on Monday, March 10th. Mizuho decreased 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 report on Friday, May 23rd. Barclays upped their price target on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Royal Bank Of Canada upped their price target on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Finally, Scotiabank decreased their price target on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating for the company in a report on Friday, June 13th.

United Dominion Realty Trust Stock Up 0.6%

NYSE:UDR traded up $0.23 during trading hours on Thursday, reaching $40.80. The company's stock had a trading volume of 1,157,828 shares, compared to its average volume of 2,181,831. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 116.57, a price-to-earnings-growth ratio of 13.61 and a beta of 0.82. United Dominion Realty Trust has a one year low of $36.61 and a one year high of $47.55. The business's 50-day moving average is $41.36 and its 200-day moving average is $42.08. 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 (NYSE:UDR - Get Free Report) last issued 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. The firm had revenue of $419.84 million during the quarter, compared to analysts' expectations of $421.23 million. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. United Dominion Realty Trust's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. Equities research analysts predict that United Dominion Realty Trust will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.22%. United Dominion Realty Trust's dividend payout ratio (DPR) is presently 491.43%.

Institutional Investors Weigh In On United Dominion Realty Trust

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in United Dominion Realty Trust by 0.4% in the first quarter. Vanguard Group Inc. now owns 51,023,940 shares of the real estate investment trust's stock worth $2,304,751,000 after purchasing an additional 214,209 shares during the period. Norges Bank acquired a new stake in United Dominion Realty Trust in the fourth quarter worth $1,273,442,000. Capital Research Global Investors raised its holdings in United Dominion Realty Trust by 64.1% in the fourth quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust's stock worth $566,940,000 after purchasing an additional 5,101,668 shares during the period. FMR LLC raised its holdings in United Dominion Realty Trust by 10.5% in the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock worth $546,639,000 after purchasing an additional 1,191,432 shares during the period. Finally, Invesco Ltd. raised its holdings in United Dominion Realty Trust by 21.5% in the first quarter. Invesco Ltd. now owns 9,155,231 shares of the real estate investment trust's stock worth $413,542,000 after purchasing an additional 1,619,997 shares during the period. 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.