United Dominion Realty Trust, Inc. (NYSE:UDR) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• United Dominion Realty Trust (NYSE:UDR) has received a consensus recommendation of "Hold" from 16 brokerages, with 12 analysts issuing hold ratings and 4 giving buy recommendations.
• The company will pay a quarterly dividend of $0.43 on October 31st, with a resulting annualized dividend of $1.72 and a yield of 4.8%.
• The average one-year price target for UDR stock among analysts is $43.81, with recent price targets from firms like Wells Fargo and Morgan Stanley setting their targets around $42.00 to $44.50.

United Dominion Realty Trust, Inc. (NYSE:UDR - Get Free Report) has been assigned a consensus rating of "Hold" from the sixteen brokerages that are currently covering the company, Marketbeat reports. Twelve investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $43.8077.

A number of research analysts have commented on UDR shares. Wells Fargo & Company decreased their price target on United Dominion Realty Trust from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 27th. Cantor Fitzgerald started coverage on United Dominion Realty Trust in a research note on Wednesday, October 1st. They set a "neutral" rating and a $40.00 price target on the stock. Morgan Stanley decreased their price target on United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. Truist Financial decreased their price target on United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating on the stock in a research note on Tuesday, August 26th. Finally, Wall Street Zen cut United Dominion Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday.

Institutional Trading of United Dominion Realty Trust

Hedge funds have recently modified their holdings of the stock. Beaird Harris Wealth Management LLC acquired a new stake in shares of United Dominion Realty Trust in the first quarter valued at $28,000. Spire Wealth Management raised its stake in shares of United Dominion Realty Trust by 3,079.2% in the first 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. Horizon Financial Services LLC acquired a new stake in shares of United Dominion Realty Trust in the first quarter valued at $51,000. National Pension Service raised its stake in shares of United Dominion Realty Trust by 2,553.5% in the first 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. Finally, Federated Hermes Inc. raised its stake in shares of United Dominion Realty Trust by 61.3% in the first quarter. Federated Hermes Inc. now owns 1,323 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 503 shares in the last quarter. 97.82% of the stock is currently owned by institutional investors and hedge funds.

United Dominion Realty Trust Trading Down 0.1%

Shares of United Dominion Realty Trust stock opened at $35.77 on Friday. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 94.13, a PEG ratio of 8.28 and a beta of 0.85. United Dominion Realty Trust has a fifty-two week low of $35.21 and a fifty-two week 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 has a 50 day moving average of $37.90 and a 200 day moving average of $40.09.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings data on Monday, June 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter. The company had revenue of $399.55 million during the quarter. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%. As a group, research analysts predict that United Dominion Realty Trust will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Thursday, October 9th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Thursday, October 9th. United Dominion Realty Trust's dividend payout ratio (DPR) is presently 452.63%.

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.

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