United Dominion Realty Trust (NYSE:UDR) Rating Lowered to Sell at Wall Street Zen

Key Points

• United Dominion Realty Trust (NYSE:UDR) has been downgraded from a "hold" rating to a "sell" rating by analysts at Wall Street Zen.
• Currently, the company has a consensus rating of "Hold" from analysts, with an average target price of $43.81.
• Institutional investments have increased, with notable stakes purchased by Beaird Harris Wealth Management LLC and Spire Wealth Management recently.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Several other equities research analysts have also commented on UDR. Cantor Fitzgerald assumed coverage on shares of United Dominion Realty Trust in a research report on Wednesday, October 1st. They set a "neutral" rating and a $40.00 target price on the stock. Scotiabank decreased their target price on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Friday, June 13th. Evercore ISI boosted their target price on shares of United Dominion Realty Trust from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Weiss Ratings restated a "hold (c)" rating on shares of United Dominion Realty Trust in a research report on Wednesday. Finally, Barclays decreased their target price on shares of United Dominion Realty Trust from $48.00 to $45.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 30th. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $43.81.

United Dominion Realty Trust Stock Performance

NYSE:UDR opened at $35.77 on Friday. The firm's fifty day moving average price is $37.90 and its 200 day moving average price is $40.09. United Dominion Realty Trust has a 1-year low of $35.21 and a 1-year high of $46.62. The company has a debt-to-equity ratio of 1.76, a current ratio of 5.22 and a quick ratio of 5.22. The firm has a market cap of $11.85 billion, a price-to-earnings ratio of 94.13, a price-to-earnings-growth ratio of 8.28 and a beta of 0.85.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its earnings results on Monday, June 3rd. The real estate investment trust reported $0.60 EPS for the quarter. The company had revenue of $399.55 million for the quarter. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. On average, sell-side analysts expect that United Dominion Realty Trust will post 2.51 EPS for the current year.

Institutional Investors Weigh In On United Dominion Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Beaird Harris Wealth Management LLC purchased a new stake in shares of United Dominion Realty Trust in the 1st quarter worth about $28,000. Spire Wealth Management raised its stake in United Dominion Realty Trust by 3,079.2% in the 1st quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 739 shares during the last quarter. Horizon Financial Services LLC acquired a new position in United Dominion Realty Trust in the 1st quarter valued at about $51,000. National Pension Service raised its stake in United Dominion Realty Trust by 2,553.5% in the 1st quarter. National Pension Service now owns 1,141 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 1,098 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in United Dominion Realty Trust by 61.3% in the 1st quarter. Federated Hermes Inc. now owns 1,323 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 503 shares during the last quarter. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

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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