United Dominion Realty Trust (NYSE:UDR) Given New $38.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target on UDR to $38 with a "sector perform" rating, implying only about a 1.7% upside from the prior close; analysts' consensus target is $40.25 and the average rating is "Hold."
• UDR's board approved a stock repurchase plan to buy 25,000,000 outstanding shares via open-market purchases, a move that typically signals management views the shares as undervalued.
• In the latest quarter UDR missed estimates—EPS $0.57 vs. $0.62 expected and revenue of $425.85M slightly below forecasts—while FY2026 guidance of $2.47–2.57 EPS roughly aligns with analysts' ~$2.53 projection.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) had its target price boosted by Royal Bank Of Canada from $37.00 to $38.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "sector perform" rating on the real estate investment trust's stock. Royal Bank Of Canada's price target would indicate a potential upside of 1.67% from the stock's previous close.

Several other analysts have also commented on the company. Barclays decreased their price objective on United Dominion Realty Trust from $44.00 to $42.00 and set an "overweight" rating for the company in a report on Friday, March 6th. Wall Street Zen lowered United Dominion Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday. Cantor Fitzgerald decreased their price objective on United Dominion Realty Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Monday. Truist Financial dropped their target price on shares of United Dominion Realty Trust from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Thursday, March 5th. Finally, Scotiabank upped their price target on shares of United Dominion Realty Trust from $37.00 to $39.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 4th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, United Dominion Realty Trust presently has an average rating of "Hold" and a consensus target price of $40.25.

United Dominion Realty Trust Stock Up 1.2%

Shares of NYSE:UDR traded up $0.44 on Wednesday, reaching $37.38. The company had a trading volume of 788,467 shares, compared to its average volume of 4,015,350. United Dominion Realty Trust has a 52-week low of $32.94 and a 52-week high of $43.12. The firm's 50 day simple moving average is $35.56 and its 200-day simple moving average is $35.99. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $12.14 billion, a PE ratio of 25.42, a PEG ratio of 12.28 and a beta of 0.73.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.05). United Dominion Realty Trust had a net margin of 28.60% and a return on equity of 15.10%. The business had revenue of $425.85 million for the quarter, compared to analysts' expectations of $427.08 million. During the same quarter in the prior year, the company posted $0.61 EPS. The business's revenue for the quarter was up .8% on a year-over-year basis. United Dominion Realty Trust has set its FY 2026 guidance at 2.470-2.570 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. As a group, analysts expect that United Dominion Realty Trust will post 2.53 earnings per share for the current fiscal year.

United Dominion Realty Trust announced that its board has approved a stock repurchase plan on Monday, May 4th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

Institutional Trading of United Dominion Realty Trust

Several large investors have recently made changes to their positions in the business. Empowered Funds LLC raised its stake in shares of United Dominion Realty Trust by 5.8% during the 1st quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust's stock valued at $277,000 after buying an additional 337 shares during the last quarter. Jane Street Group LLC raised its stake in shares of United Dominion Realty Trust by 35.0% during the 1st quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust's stock valued at $634,000 after buying an additional 3,637 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of United Dominion Realty Trust by 1.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,692 shares of the real estate investment trust's stock valued at $2,741,000 after buying an additional 986 shares during the last quarter. 97.82% of the stock is owned by hedge funds and other institutional investors.

United Dominion Realty Trust Company Profile

United Dominion Realty Trust NYSE: UDR is a publicly traded real estate investment trust specializing in the ownership, management, acquisition, development and redevelopment of multifamily apartment communities. The company's core focus is on Class A and Class A–plus residential properties, offering a diverse portfolio designed to meet the evolving needs of renters. UDR employs a full-service management platform to oversee daily operations, property maintenance, leasing, and resident services, ensuring consistency and quality across its holdings.

UDR's business activities encompass ground-up development, strategic property redevelopment, and selective acquisitions.

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