United Dominion Realty Trust (NYSE:UDR) Stock Gets Price Target Reduction from Wells Fargo & Company

United Dominion Realty Trust (NYSE:UDR) had its price objective decreased by Wells Fargo & Company from $43.00 to $39.00 in a research report sent to investors on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

Several other equities analysts have also commented on UDR. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $44.00 price target on shares of United Dominion Realty Trust in a research note on Friday, August 14th. JPMorgan Chase & Co. upped their price objective on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 4th. UBS Group dropped their target price on shares of United Dominion Realty Trust from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. Scotiabank cut their target price on shares of 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. Finally, Wall Street Zen raised shares of United Dominion Realty Trust from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $40.03.

United Dominion Realty Trust Stock Up 1.6%

Shares of NYSE UDR opened at $34.96 on Monday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.22 and a current ratio of 4.22. The firm has a market capitalization of $11.23 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 9.58 and a beta of 0.72. The stock has a 50 day moving average price of $35.32 and a 200 day moving average price of $36.96. 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 data on Monday, July 27th. The real estate investment trust reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. The company had revenue of $425.40 million for 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%. United Dominion Realty Trust’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business posted $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. Sell-side analysts expect that United Dominion Realty Trust will post 2.53 earnings per share for the current year.

United Dominion Realty Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a $0.1450 dividend. This represents a $1.74 annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, December 15th. United Dominion Realty Trust’s payout ratio is 110.83%.

Hedge Funds Weigh In On United Dominion Realty Trust

Large investors have recently added to or reduced their stakes in the company. Addison Advisors LLC purchased a new stake in shares of United Dominion Realty Trust during the second quarter valued at about $58,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of United Dominion Realty Trust in the 2nd quarter worth approximately $75,000. Allworth Financial LP purchased a new position in shares of United Dominion Realty Trust in the 2nd quarter worth approximately $106,000. Westpac Banking Corp bought a new position in shares of United Dominion Realty Trust during the 2nd quarter worth approximately $114,000. Finally, Global Retirement Partners LLC bought a new position in shares of United Dominion Realty Trust during the 2nd quarter worth approximately $187,000. 97.82% of the stock is currently owned by institutional investors.

United Dominion Realty Trust Company Profile

United Dominion Realty Trust, Inc (NYSE: UDR) is a real estate investment trust that owns, operates, acquires and develops multifamily apartment communities. The company generates revenue primarily by leasing apartments and related residential units to individuals and households.

UDR’s portfolio includes conventional apartment communities as well as residential properties with amenities and services designed to support renter convenience and engagement. Its operations encompass property management, resident services, renovations, development and strategic acquisitions.

Founded in 1972, UDR has grown into a multifamily housing owner and operator serving selected markets across the United States.