Truist Financial Has Lowered Expectations for United Dominion Realty Trust (NYSE:UDR) Stock Price

Key Points

• Truist Financial has reduced the price target for United Dominion Realty Trust from $46.00 to $43.00, maintaining a "hold" rating, which suggests a potential upside of 9.92% from its previous close.
• Analysts' consensus rating for the stock remains a "Hold" with an average target price of $45.03, reflecting various adjustments from other firms like Piper Sandler and Mizuho.
• The company's recent earnings report showed a quarterly EPS of $0.64, exceeding estimates, with revenue up 2.4% year-over-year, indicating stable financial performance despite recent price adjustments.

United Dominion Realty Trust (NYSE:UDR - Free Report) had its price objective decreased by Truist Financial from $46.00 to $43.00 in a research note published on Tuesday, MarketBeat Ratings reports. Truist Financial currently has a hold rating on the real estate investment trust's stock.

Several other research analysts have also issued reports on the company. Royal Bank Of Canada increased their price objective on United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Piper Sandler restated a "neutral" rating and set a $43.00 target price (down previously from $48.00) on shares of United Dominion Realty Trust in a report on Monday, August 4th. Barclays decreased their target price on United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. UBS Group decreased their target price on United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Finally, Wall Street Zen cut United Dominion Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $44.83.

United Dominion Realty Trust Stock Performance

UDR traded up $0.60 on Tuesday, hitting $39.60. 2,551,720 shares of the stock traded hands, compared to its average volume of 2,032,261. United Dominion Realty Trust has a 52 week low of $36.61 and a 52 week high of $47.55. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $13.12 billion, a PE ratio of 104.20, a P/E/G ratio of 9.91 and a beta of 0.84. The business has a fifty day moving average price of $39.74 and a two-hundred day moving average price of $41.38.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $423.00 million during the quarter, compared to analysts' expectations of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.United Dominion Realty Trust's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.62 earnings per share. United Dominion Realty Trust has set its Q3 2025 guidance at 0.620-0.640 EPS. FY 2025 guidance at 2.490-2.550 EPS. On average, research analysts predict that United Dominion Realty Trust will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio is currently 452.63%.

Institutional Investors Weigh In On United Dominion Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nuveen LLC bought a new stake in United Dominion Realty Trust in the 1st quarter valued at approximately $79,487,000. Northern Trust Corp lifted its stake in United Dominion Realty Trust by 54.2% in the 4th quarter. Northern Trust Corp now owns 4,853,979 shares of the real estate investment trust's stock valued at $210,711,000 after acquiring an additional 1,706,037 shares in the last quarter. Invesco Ltd. lifted its stake in United Dominion Realty Trust by 21.5% in the 1st quarter. Invesco Ltd. now owns 9,155,231 shares of the real estate investment trust's stock valued at $413,542,000 after acquiring an additional 1,619,997 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in United Dominion Realty Trust in the 4th quarter valued at approximately $42,073,000. Finally, Woodline Partners LP lifted its stake in United Dominion Realty Trust by 173.0% in the 1st quarter. Woodline Partners LP now owns 1,421,023 shares of the real estate investment trust's stock valued at $64,188,000 after acquiring an additional 900,504 shares in the last quarter. Institutional investors own 97.82% of the company's stock.

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.