United Dominion Realty Trust, Inc. (NYSE:UDR) Shareholders to Get $0.14 Monthly Dividend

United Dominion Realty Trust, Inc. (NYSE:UDR) declared a monthly dividend on Thursday, September 24th. Shareholders of record on Monday, October 19th will be paid a dividend of $0.1450 per share by the real estate investment trust on Monday, November 2nd. This represents a $1.74 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, October 19th.

United Dominion Realty Trust has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 15 years. United Dominion Realty Trust has a dividend payout ratio of 285.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect United Dominion Realty Trust to earn $2.58 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 67.4%.

United Dominion Realty Trust Stock Performance

Shares of UDR traded down $0.11 during midday trading on Friday, reaching $33.44. 80,103 shares of the stock were exchanged, compared to its average volume of 4,014,124. The business’s 50-day moving average price is $37.16 and its 200 day moving average price is $37.10. The company has a debt-to-equity ratio of 2.01, a current ratio of 4.22 and a quick ratio of 4.22. United Dominion Realty Trust has a twelve month low of $32.94 and a twelve month high of $42.00. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 8.69 and a beta of 0.70.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Evercore set a $41.00 price objective on United Dominion Realty Trust in a research note on Monday. JPMorgan Chase & Co. upped their price target on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the company an “underweight” rating in a research report on Tuesday, August 4th. UBS Group reiterated a “buy” rating and set a $41.00 price target (down from $42.00) on shares of United Dominion Realty Trust in a research note on Tuesday, September 15th. Mizuho lowered their price objective on shares of United Dominion Realty Trust from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 8th. Finally, Barclays lifted their price objective on shares of United Dominion Realty Trust from $41.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $40.97.

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 residential units to individuals and families.

Founded in 1972, UDR provides rental housing under its apartment community brands and supports residents through property management and related services. Its portfolio includes conventional apartment communities as well as properties offering amenities and technology-enabled services intended to enhance the resident experience.

UDR operates in selected metropolitan markets across the United States, with a focus on areas characterized by employment growth, household formation and sustained demand for rental housing.