United Dominion Realty Trust (NYSE:UDR) Price Target Cut to $43.50 by Analysts at Morgan Stanley

United Dominion Realty Trust (NYSE:UDR) had its price objective reduced by Morgan Stanley from $44.50 to $43.50 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Several other equities analysts have also recently issued reports on UDR. Piper Sandler lowered their price objective on shares of United Dominion Realty Trust from $43.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $46.00 price objective on shares of United Dominion Realty Trust in a research report on Friday, October 17th. Barclays dropped their target price on United Dominion Realty Trust from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 30th. BNP Paribas lowered shares of United Dominion Realty Trust from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. Finally, UBS Group lowered their price target on United Dominion Realty Trust from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $41.10.

United Dominion Realty Trust Stock Up 0.4%

United Dominion Realty Trust stock traded up $0.15 during midday trading on Thursday, hitting $34.67. The stock had a trading volume of 2,687,587 shares, compared to its average volume of 2,374,333. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76. The business has a fifty day moving average price of $36.18 and a 200 day moving average price of $38.95. United Dominion Realty Trust has a 12 month low of $32.94 and a 12 month high of $46.62. The stock has a market cap of $11.46 billion, a P/E ratio of 78.79, a P/E/G ratio of 7.76 and a beta of 0.84.

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. The business had revenue of $399.55 million during the quarter. United Dominion Realty Trust had a net margin of 8.80% and a return on equity of 4.51%. Research analysts predict that United Dominion Realty Trust will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Thursday, October 9th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Thursday, October 9th. United Dominion Realty Trust’s dividend payout ratio (DPR) is currently 390.91%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Beaird Harris Wealth Management LLC acquired a new position in shares of United Dominion Realty Trust in the 1st quarter valued at $28,000. National Pension Service grew its stake in United Dominion Realty Trust by 2,553.5% in the first quarter. National Pension Service now owns 1,141 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,098 shares during the period. Federated Hermes Inc. grew its stake in United Dominion Realty Trust by 61.3% in the first quarter. Federated Hermes Inc. now owns 1,323 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 503 shares during the period. Brooklyn Investment Group increased its holdings in shares of United Dominion Realty Trust by 124.7% in the first quarter. Brooklyn Investment Group now owns 1,784 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 990 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of United Dominion Realty Trust by 107.5% during the second quarter. Parallel Advisors LLC now owns 4,335 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 2,246 shares during the period. Institutional investors and hedge funds own 97.82% of the company’s stock.

About United Dominion Realty Trust

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.