United Dominion Realty Trust (NYSE:UDR) Raised to Hold at Wall Street Zen

Key Points

• United Dominion Realty Trust was upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, reflecting a more optimistic outlook on the stock.
• Analysts have varying target prices, with Scotiabank lowering their target from $51 to $48 and UBS reducing theirs from $50 to $45, indicating a mixed sentiment among investors.
• The company reported $0.64 earnings per share for the last quarter, surpassing analysts' expectations and suggesting stable financial performance.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Friday.

UDR has been the topic of a number of other reports. Scotiabank decreased their target price on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a research note on Friday, June 13th. UBS Group cut their price objective on United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Evercore ISI raised their target price on shares of United Dominion Realty Trust from $44.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. BMO Capital Markets set a $44.00 price target on shares of United Dominion Realty Trust in a research note on Thursday, September 4th. Finally, Truist Financial lowered their price objective on shares of United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating on the stock in a research report on Tuesday, August 26th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, United Dominion Realty Trust currently has an average rating of "Hold" and an average price target of $44.38.

United Dominion Realty Trust Trading Up 1.2%

Shares of United Dominion Realty Trust stock opened at $37.16 on Friday. The company's 50-day moving average price is $38.67 and its 200-day moving average price is $40.58. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76. United Dominion Realty Trust has a 12-month low of $36.61 and a 12-month high of $46.62. The company has a market cap of $12.31 billion, a price-to-earnings ratio of 97.78, a PEG ratio of 9.18 and a beta of 0.88.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nuveen LLC purchased a new stake in United Dominion Realty Trust in the first quarter worth $79,487,000. Invesco Ltd. lifted its position in United Dominion Realty Trust by 21.5% during 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 during the period. Woodline Partners LP grew its holdings in United Dominion Realty Trust by 173.0% in the first quarter. Woodline Partners LP now owns 1,421,023 shares of the real estate investment trust's stock worth $64,188,000 after purchasing an additional 900,504 shares during the period. Strs Ohio bought a new position in shares of United Dominion Realty Trust during the first quarter valued at approximately $36,506,000. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of United Dominion Realty Trust by 155.1% during the first quarter. Alyeska Investment Group L.P. now owns 904,642 shares of the real estate investment trust's stock valued at $40,863,000 after purchasing an additional 549,973 shares during the last quarter. Institutional investors own 97.82% of the company's stock.

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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