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United Dominion Realty Trust (NYSE:UDR) Price Target Lowered to $48.00 at Barclays

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Key Points

  • Barclays has lowered its price target for United Dominion Realty Trust from $51.00 to $48.00, while maintaining an "overweight" rating, indicating a potential upside of 27.52% from the current stock price.
  • Other analysts have also downgraded their ratings, with Wall Street Zen moving from a "hold" to a "sell," and UBS reducing their target to $45.00, signaling a bearish sentiment in the market.
  • As of Tuesday, UDR's stock was trading at $37.64, with a market cap of $12.47 billion and a recent quarterly earnings report showing a slight revenue increase despite ongoing challenges.
  • Want stock alerts on United Dominion Realty Trust? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) had its price target reduced by analysts at Barclays from $51.00 to $48.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. Barclays's price target indicates a potential upside of 27.52% from the stock's current price.

Other research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of United Dominion Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday. UBS Group cut their target price on shares of 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. Mizuho lowered their target price on United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Piper Sandler reissued a "neutral" rating and set a $43.00 price target (down from $48.00) on shares of United Dominion Realty Trust in a report on Monday, August 4th. Finally, Royal Bank Of Canada boosted their target price on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $45.29.

View Our Latest Stock Analysis on UDR

United Dominion Realty Trust Price Performance

NYSE:UDR opened at $37.64 on Tuesday. The stock's fifty day moving average is $40.46 and its two-hundred day moving average is $41.70. United Dominion Realty Trust has a 52 week low of $36.61 and a 52 week high of $47.55. The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $12.47 billion, a P/E ratio of 98.88, a P/E/G ratio of 9.54 and a beta of 0.84.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $423.00 million for the quarter, compared to the consensus estimate of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%. The company's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 EPS. Equities analysts expect that United Dominion Realty Trust will post 2.51 EPS for the current year.

Hedge Funds Weigh In On United Dominion Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in United Dominion Realty Trust by 3.5% in the 4th quarter. Wells Fargo & Company MN now owns 81,458 shares of the real estate investment trust's stock valued at $3,536,000 after purchasing an additional 2,737 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in United Dominion Realty Trust in the fourth quarter valued at $22,662,000. Treasurer of the State of North Carolina lifted its position in shares of United Dominion Realty Trust by 3.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 147,817 shares of the real estate investment trust's stock worth $6,417,000 after purchasing an additional 4,370 shares during the last quarter. Townsquare Capital LLC grew its position in shares of United Dominion Realty Trust by 4.8% in the 4th quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock worth $225,000 after acquiring an additional 237 shares in the last quarter. Finally, Barclays PLC increased its stake in United Dominion Realty Trust by 21.0% during the fourth quarter. Barclays PLC now owns 745,619 shares of the real estate investment trust's stock valued at $32,367,000 after purchasing an additional 129,350 shares during the last quarter. 97.82% of the stock is owned by institutional investors and hedge funds.

United Dominion Realty Trust Company Profile

(Get Free Report)

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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Analyst Recommendations for United Dominion Realty Trust (NYSE:UDR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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