United Dominion Realty Trust's (UDR) "Neutral" Rating Reaffirmed at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. reaffirmed a "neutral" rating for United Dominion Realty Trust (UDR) with a price target of $46.00, suggesting a potential upside of 28.06% from its previous close.
• Other analysts have varying price targets, with a consensus target of $43.82 and 13 ratings of "Hold" out of 17 total, indicating mixed sentiment among market watchers.
• UDR has reported an earnings per share of $0.60 for the last quarter, and analysts expect it to post a total of 2.51 EPS for the current fiscal year.

United Dominion Realty Trust (NYSE:UDR - Get Free Report)'s stock had its "neutral" rating reissued by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday, Marketbeat reports. They currently have a $46.00 price target on the real estate investment trust's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 28.06% from the stock's previous close.

A number of other equities analysts also recently issued reports on the stock. BMO Capital Markets set a $44.00 price objective on shares of United Dominion Realty Trust in a report on Thursday, September 4th. Wells Fargo & Company dropped their price target on shares of United Dominion Realty Trust from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday. UBS Group cut their price target on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Cantor Fitzgerald started coverage on shares of United Dominion Realty Trust in a research report on Wednesday, October 1st. They issued a "neutral" rating and a $40.00 price objective for the company. Finally, Evercore ISI dropped their target price on shares of United Dominion Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a research report on Monday. Four analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $43.82.

United Dominion Realty Trust Price Performance

UDR stock opened at $35.92 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22. The business has a 50-day simple moving average of $37.72 and a two-hundred day simple moving average of $39.86. The company has a market capitalization of $11.90 billion, a P/E ratio of 94.53, a price-to-earnings-growth ratio of 8.38 and a beta of 0.85. United Dominion Realty Trust has a 52-week low of $35.21 and a 52-week high of $46.62.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UDR. Beaird Harris Wealth Management LLC purchased a new stake in shares of United Dominion Realty Trust during the 1st quarter worth approximately $28,000. Spire Wealth Management grew its holdings in United Dominion Realty Trust by 3,079.2% during the first 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 period. Horizon Financial Services LLC bought a new position in United Dominion Realty Trust during the first quarter valued at $51,000. National Pension Service increased its position in United Dominion Realty Trust by 2,553.5% in the first quarter. National Pension Service now owns 1,141 shares of the real estate investment trust's stock worth $52,000 after buying an additional 1,098 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of United Dominion Realty Trust by 61.3% in the first quarter. Federated Hermes Inc. now owns 1,323 shares of the real estate investment trust's stock valued at $60,000 after buying an additional 503 shares during the period. 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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