United Dominion Realty Trust (NYSE:UDR) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• UDR shares briefly moved above their 200-day moving average of $37.42, reaching $37.73 before closing at $37.27 on volume of about 2.26 million shares.
• Analyst sentiment remains mixed, with ratings ranging from strong buy to sell; the consensus rating is Hold and the average price target is $41.66.
• UDR exceeded quarterly earnings expectations, reporting $0.21 in EPS versus $0.13 expected and $425.4 million in revenue. The company also authorized a 25 million-share buyback, while institutional investors own 97.82% of its stock.

Shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.42 and traded as high as $37.73. United Dominion Realty Trust shares last traded at $37.27, with a volume of 2,260,511 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UDR shares. JPMorgan Chase & Co. increased their target price on United Dominion Realty Trust from $39.00 to $41.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 4th. Jefferies Financial Group upgraded United Dominion Realty Trust to a "strong-buy" rating in a research note on Wednesday, July 22nd. Morgan Stanley dropped their price objective on United Dominion Realty Trust from $44.50 to $42.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 12th. Weiss Ratings restated a "hold (c)" rating on shares of United Dominion Realty Trust in a research note on Wednesday, June 24th. Finally, Mizuho raised their target price on United Dominion Realty Trust from $39.00 to $41.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $41.66.

United Dominion Realty Trust Stock Down 1.8%

The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.22 and a current ratio of 4.22. The firm has a market capitalization of $11.97 billion, a PE ratio of 23.74, a PEG ratio of 9.65 and a beta of 0.70. The company's 50 day simple moving average is $39.10 and its 200-day simple moving average is $37.42.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. The firm had revenue of $425.40 million during the quarter, compared to the consensus estimate of $423.35 million. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. 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, analysts forecast that United Dominion Realty Trust, Inc. will post 2.54 EPS for the current fiscal year.

United Dominion Realty Trust announced that its Board of Directors has initiated a share buyback program on Monday, May 4th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

Insider Transactions at United Dominion Realty Trust

In related news, CEO Thomas W. Toomey sold 80,000 shares of the business's 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 completion of the transaction, the chief executive officer directly owned 810,455 shares in the company, valued at $31,810,358.75. The trade was a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.82% of the company's stock.

Institutional Trading of United Dominion Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Pacific Heights Asset Management LLC bought a new stake in shares of United Dominion Realty Trust during the 2nd quarter valued at about $15,968,000. Jefferies Financial Group Inc. purchased a new position in shares of United Dominion Realty Trust during the second quarter worth about $1,404,000. Public Employees Retirement System of Ohio bought a new position in shares of United Dominion Realty Trust in the second quarter worth approximately $18,766,000. Corient Private Wealth LP bought a new position in shares of United Dominion Realty Trust in the second quarter worth approximately $991,000. Finally, Bamco Inc. NY purchased a new stake in United Dominion Realty Trust in the second quarter valued at approximately $14,878,000. Hedge funds and other 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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