Wells Fargo & Company Cuts United Dominion Realty Trust (NYSE:UDR) Price Target to $42.00

Key Points

• Wells Fargo & Company has reduced its price target for United Dominion Realty Trust (UDR) from $48.00 to $42.00, while maintaining an "overweight" rating on the stock, suggesting a potential upside of 8.28%.
• Mizuho and Truist Financial also lowered their price targets for UDR, with Mizuho setting a new target of $41.00 and a "neutral" rating, indicating mixed sentiments among analysts.
• UDR's stock currently trades at $38.79 and has shown a market capitalization of $12.85 billion, with varying predictions about its earnings per share for the fiscal year.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) had its target price lowered by Wells Fargo & Company from $48.00 to $42.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's price target would suggest a potential upside of 6.07% from the stock's previous close.

Other analysts have also issued reports about the company. Barclays lowered their price target on United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Scotiabank lowered their price target on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a research note on Friday, June 13th. Morgan Stanley lowered their price target on United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. Piper Sandler reaffirmed a "neutral" rating and issued a $43.00 price target (down from $48.00) on shares of United Dominion Realty Trust in a research note on Monday, August 4th. Finally, Wall Street Zen lowered United Dominion Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $44.83.

United Dominion Realty Trust Price Performance

Shares of NYSE:UDR traded up $0.60 during trading on Wednesday, reaching $39.60. The stock had a trading volume of 2,551,720 shares, compared to its average volume of 1,952,593. 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 fifty day moving average price of $39.74 and a 200-day moving average price of $41.37. The stock has a market cap of $13.12 billion, a PE ratio of 104.20, a PEG ratio of 9.91 and a beta of 0.88. United Dominion Realty Trust has a 1-year low of $36.61 and a 1-year high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $423.00 million for the quarter, compared to analyst estimates of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.The business's revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. United Dominion Realty Trust has set its Q3 2025 guidance at 0.620-0.640 EPS. FY 2025 guidance at 2.490-2.550 EPS. On average, equities analysts forecast that United Dominion Realty Trust will post 2.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On United Dominion Realty Trust

A number of institutional investors have recently added to or reduced their stakes in UDR. GF Fund Management CO. LTD. raised its position in United Dominion Realty Trust by 4.3% in the first quarter. GF Fund Management CO. LTD. now owns 5,937 shares of the real estate investment trust's stock valued at $268,000 after purchasing an additional 243 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its position in United Dominion Realty Trust by 4.5% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,864 shares of the real estate investment trust's stock valued at $355,000 after purchasing an additional 336 shares during the period. Empowered Funds LLC raised its position in United Dominion Realty Trust by 5.8% in the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust's stock valued at $277,000 after purchasing an additional 337 shares during the period. Continuum Advisory LLC raised its position in United Dominion Realty Trust by 38.0% in the fourth quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 351 shares during the period. Finally, Integrity Wealth Solutions LLC raised its position in United Dominion Realty Trust by 5.6% in the first quarter. Integrity Wealth Solutions LLC now owns 6,766 shares of the real estate investment trust's stock valued at $306,000 after purchasing an additional 357 shares during the period. Hedge funds and other institutional investors own 97.82% 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.