United Dominion Realty Trust (NYSE:UDR) Price Target Lowered to $41.00 at Truist Financial

United Dominion Realty Trust (NYSE:UDR) had its price target lowered by Truist Financial from $42.00 to $41.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the stock. Barclays cut their price target on shares of United Dominion Realty Trust from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Evercore reiterated an “outperform” rating on shares of United Dominion Realty Trust in a report on Wednesday, February 11th. Piper Sandler lifted their price target on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Mizuho lowered their price objective on shares of United Dominion Realty Trust from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $40.00 target price (down from $42.00) on shares of United Dominion Realty Trust in a report on Thursday, December 18th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.96.

United Dominion Realty Trust Stock Down 0.2%

Shares of United Dominion Realty Trust stock opened at $37.66 on Thursday. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 1.79. United Dominion Realty Trust has a 12 month low of $32.94 and a 12 month high of $45.73. The business has a fifty day simple moving average of $37.34 and a 200 day simple moving average of $36.75. The stock has a market cap of $12.37 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 12.66 and a beta of 0.71.

United Dominion Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Monday, January 12th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Monday, January 12th. United Dominion Realty Trust’s dividend payout ratio (DPR) is presently 152.21%.

Hedge Funds Weigh In On United Dominion Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UDR. Empowered Funds LLC raised its stake in shares of United Dominion Realty Trust by 5.8% in the 1st 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. Jane Street Group LLC boosted its position in shares of United Dominion Realty Trust by 35.0% during the first quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust’s stock worth $634,000 after buying an additional 3,637 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of United Dominion Realty Trust by 1.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,692 shares of the real estate investment trust’s stock worth $2,741,000 after buying an additional 986 shares in the last quarter. 97.82% of the stock is owned by institutional investors and hedge funds.

United Dominion Realty Trust Company Profile

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.