United Dominion Realty Trust (NYSE:UDR) Stock Rating Upgraded by Evercore ISI

Evercore ISI upgraded shares of United Dominion Realty Trust (NYSE:UDR - Free Report) from an in-line rating to an outperform rating in a research note released on Monday morning, MarketBeat Ratings reports. They currently have $46.00 target price on the real estate investment trust's stock, up from their previous target price of $45.00.

A number of other analysts have also recently commented on the stock. Scotiabank dropped 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 report on Friday, June 13th. Royal Bank Of Canada increased their price objective on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Barclays increased their target price on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Truist Financial lowered shares of United Dominion Realty Trust from a "buy" rating to a "hold" rating and increased their target price for the stock from $45.00 to $46.00 in a report on Monday, March 10th. Finally, Mizuho cut their price objective on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, United Dominion Realty Trust currently has a consensus rating of "Hold" and an average price target of $46.44.

United Dominion Realty Trust Stock Up 0.1%

Shares of NYSE UDR traded up $0.06 during trading on Monday, hitting $40.98. The stock had a trading volume of 1,551,324 shares, compared to its average volume of 2,180,713. United Dominion Realty Trust has a 12 month low of $36.61 and a 12 month high of $47.55. The company has a debt-to-equity ratio of 1.77, a current ratio of 8.35 and a quick ratio of 8.35. The company has a market capitalization of $13.58 billion, a PE ratio of 117.09, a PEG ratio of 13.60 and a beta of 0.82. The firm has a fifty day moving average of $41.35 and a two-hundred day moving average of $42.06.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, meeting the consensus estimate of $0.61. The business had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. The company's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. As a group, equities research analysts forecast that United Dominion Realty Trust will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio (DPR) is currently 491.43%.

Institutional Trading of United Dominion Realty Trust

Institutional investors have recently bought and sold shares of the business. Beaird Harris Wealth Management LLC acquired a new position in United Dominion Realty Trust in the 1st quarter worth $28,000. Spire Wealth Management lifted 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. Sentry Investment Management LLC acquired a new stake in United Dominion Realty Trust in the 1st quarter valued at about $47,000. Horizon Financial Services LLC acquired a new stake in United Dominion Realty Trust during the first quarter worth approximately $51,000. Finally, Smartleaf Asset Management LLC lifted its position in United Dominion Realty Trust by 68.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 491 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

United Dominion Realty Trust Company Profile

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.