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

Key Points

• Wall Street Zen upgraded UDR from “sell” to “hold,” while the broader analyst consensus remains “hold,” with an average price target of $41.88.
• UDR reported quarterly EPS of $0.21, beating the $0.13 consensus estimate, and generated $425.4 million in revenue versus expectations of $423.35 million.
• The REIT authorized a 25 million-share repurchase program; institutional investors own 97.82% of outstanding shares, while CEO Thomas W. Toomey recently sold 80,000 shares.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group reaffirmed a "sell" rating and set a $38.00 price target on shares of United Dominion Realty Trust in a research report on Thursday, July 30th. Scotiabank raised their price objective on shares of United Dominion Realty Trust from $38.00 to $41.00 and gave the stock a "sector perform" rating in a report on Thursday, July 9th. Mizuho boosted their target price on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the company a "neutral" rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. upped their target price on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the company an "underweight" rating in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada upped their target price on shares of United Dominion Realty Trust from $37.00 to $38.00 and gave the company a "sector perform" rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $41.88.

United Dominion Realty Trust Stock Performance

UDR stock opened at $38.40 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 4.22 and a quick ratio of 4.22. United Dominion Realty Trust has a 1 year low of $32.94 and a 1 year high of $42.00. The company has a market cap of $12.34 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 9.77 and a beta of 0.70. The stock's fifty day moving average price is $39.15 and its 200-day moving average price is $37.41.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. United Dominion Realty Trust had a return on equity of 16.56% and a net margin of 30.43%.The company had revenue of $425.40 million during the quarter, compared to analysts' expectations of $423.35 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. United Dominion Realty Trust's revenue for the quarter was up .0% compared to the same quarter last year. United Dominion Realty Trust has set its FY 2026 guidance at 2.490-2.570 EPS and its Q3 2026 guidance at 0.640-0.640 EPS. On average, equities analysts forecast that United Dominion Realty Trust will post 2.54 earnings per share for the current year.

United Dominion Realty Trust announced that its Board of Directors has approved a share repurchase program on Monday, May 4th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Insider Activity at United Dominion Realty Trust

In other news, CEO Thomas W. Toomey sold 80,000 shares of United Dominion Realty Trust stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $39.25, for a total transaction of $3,140,000.00. Following the transaction, the chief executive officer directly owned 810,455 shares of the company's stock, valued at $31,810,358.75. The trade was a 8.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.82% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Dominion Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UDR. BlackRock Inc. bought a new position in shares of United Dominion Realty Trust in the second quarter worth approximately $1,247,535,000. Bank of New York Mellon Corp bought a new stake in shares of United Dominion Realty Trust during the 2nd quarter valued at $89,660,000. Deutsche Bank AG bought a new stake in shares of United Dominion Realty Trust during the 2nd quarter valued at $36,150,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of United Dominion Realty Trust during the 2nd quarter valued at $24,849,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 in the last quarter. Institutional investors own 97.82% of the company's stock.

About United Dominion Realty Trust

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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