United Dominion Realty Trust (NYSE:UDR) Stock Price Target Cut by Royal Bank Of Canada

United Dominion Realty Trust (NYSE:UDR) had its price objective decreased by stock analysts at Royal Bank Of Canada from $40.00 to $37.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 8.74% from the stock’s previous close.

A number of other analysts have also issued reports on the company. Scotiabank dropped their target price on United Dominion Realty Trust from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 17th. The Goldman Sachs Group reiterated a “sell” rating and issued a $38.00 price target on shares of United Dominion Realty Trust in a research note on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of United Dominion Realty Trust in a report on Monday, September 21st. Cantor Fitzgerald raised their price objective on United Dominion Realty Trust from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Evercore set a $41.00 price objective on United Dominion Realty Trust in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.57.

United Dominion Realty Trust Stock Up 0.0%

Shares of UDR stock traded up $0.01 on Tuesday, hitting $34.02. The stock had a trading volume of 477,676 shares, compared to its average volume of 4,010,567. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 9.49 and a beta of 0.72. The stock’s 50 day moving average is $35.85 and its 200-day moving average is $36.95. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.22 and a current ratio of 4.22. United Dominion Realty Trust has a 52-week low of $32.94 and a 52-week high of $42.00.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. The business had revenue of $425.40 million during the quarter, compared to analyst estimates of $423.35 million. During the same period last year, the business earned $0.64 EPS. The business’s revenue was up .0% on a year-over-year basis. 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. As a group, research analysts expect that United Dominion Realty Trust will post 2.53 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of UDR. BlackRock Inc. acquired a new stake in shares of United Dominion Realty Trust in the 2nd quarter worth about $1,247,535,000. Canada Pension Plan Investment Board acquired a new stake in shares of United Dominion Realty Trust in the second quarter valued at approximately $219,560,000. Bank of New York Mellon Corp acquired a new stake in shares of United Dominion Realty Trust in the second quarter valued at approximately $89,660,000. Legal & General Group Plc bought a new stake in shares of United Dominion Realty Trust during the second quarter valued at approximately $78,688,000. Finally, Bank of America Corp DE bought a new stake in shares of United Dominion Realty Trust during the second quarter valued at approximately $56,374,000. 97.82% of the stock is owned by institutional investors and hedge funds.

United Dominion Realty Trust Company Profile

United Dominion Realty Trust, Inc (NYSE: UDR) is a real estate investment trust focused on the ownership, acquisition, development, redevelopment and management of multifamily apartment communities. The company generates revenue primarily by leasing apartment homes to residents and operates as a vertically integrated residential real estate business.

UDR’s portfolio includes apartment communities serving a range of renters, from conventional multifamily residents to customers seeking amenity-rich properties in urban and suburban locations.