United Dominion Realty Trust (NYSE:UDR) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of United Dominion Realty Trust (NYSE:UDR) from a hold rating to a sell rating in a report issued on Saturday.

Several other brokerages have also recently weighed in on UDR. BNP Paribas Exane cut United Dominion Realty Trust from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Piper Sandler reaffirmed a “neutral” rating and set a $43.00 target price (down previously from $48.00) on shares of United Dominion Realty Trust in a report on Monday, August 4th. BMO Capital Markets set a $44.00 target price on shares of United Dominion Realty Trust in a research note on Thursday, September 4th. BNP Paribas lowered shares of United Dominion Realty Trust from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. Finally, UBS Group decreased 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. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $43.65.

United Dominion Realty Trust Stock Up 1.2%

United Dominion Realty Trust stock opened at $36.15 on Friday. The firm has a 50 day simple moving average of $37.87 and a 200 day simple moving average of $39.97. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76. United Dominion Realty Trust has a 1-year low of $35.21 and a 1-year high of $46.62. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 95.13, a P/E/G ratio of 8.26 and a beta of 0.85.

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

United Dominion Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Thursday, October 9th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Thursday, October 9th. United Dominion Realty Trust’s dividend payout ratio is presently 452.63%.

Hedge Funds Weigh In On United Dominion Realty Trust

A number of large investors have recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky boosted its stake in United Dominion Realty Trust by 4.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,191 shares of the real estate investment trust’s stock worth $1,048,000 after buying an additional 989 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of United Dominion Realty Trust by 35.1% in the 1st quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust’s stock worth $2,968,000 after acquiring an additional 17,061 shares during the last quarter. Amalgamated Bank boosted its stake in shares of United Dominion Realty Trust by 1.6% in the 1st quarter. Amalgamated Bank now owns 59,947 shares of the real estate investment trust’s stock valued at $2,708,000 after purchasing an additional 936 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of United Dominion Realty Trust during the 1st quarter valued at $431,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of United Dominion Realty Trust by 7.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,581 shares of the real estate investment trust’s stock valued at $523,000 after purchasing an additional 842 shares during the last quarter. 97.82% of the stock is owned by hedge funds and other institutional investors.

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.