United Dominion Realty Trust (NYSE:UDR) Downgraded by Wall Street Zen to Sell

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

UDR has been the topic of a number of other reports. Mizuho decreased their price target on shares of United Dominion Realty Trust from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, November 24th. Truist Financial reduced their target price on United Dominion Realty Trust from $43.00 to $41.00 and set a “hold” rating on the stock in a report on Monday, December 1st. Scotiabank lowered their price target on United Dominion Realty Trust from $46.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, November 4th. Morgan Stanley dropped their price target on United Dominion Realty Trust from $44.50 to $43.50 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Finally, BMO Capital Markets set a $44.00 price objective on United Dominion Realty Trust in a research report on Thursday, September 4th. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $40.70.

United Dominion Realty Trust Price Performance

Shares of UDR opened at $35.17 on Friday. The stock has a market cap of $11.62 billion, a P/E ratio of 79.93, a price-to-earnings-growth ratio of 8.07 and a beta of 0.71. United Dominion Realty Trust has a 1 year low of $32.94 and a 1 year high of $46.47. The stock’s 50-day moving average price is $35.52 and its two-hundred day moving average price is $38.22. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 1.81.

United Dominion Realty Trust (NYSE:UDR) last announced 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 4.54% and a net margin of 8.80%.The company had revenue of $399.55 million during the quarter. On average, equities analysts predict that United Dominion Realty Trust will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Thursday, October 9th were paid a $0.43 dividend. The ex-dividend date was Thursday, October 9th. This represents a $1.72 annualized dividend and a yield of 4.9%. United Dominion Realty Trust’s payout ratio is presently 390.91%.

Institutional Trading of United Dominion Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Beaird Harris Wealth Management LLC bought a new position in United Dominion Realty Trust in the first quarter valued at $28,000. National Pension Service lifted its position in United Dominion Realty Trust by 2,553.5% during the 1st quarter. National Pension Service now owns 1,141 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,098 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of United Dominion Realty Trust by 61.3% during the 1st quarter. Federated Hermes Inc. now owns 1,323 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 503 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of United Dominion Realty Trust by 124.7% in the 1st quarter. Brooklyn Investment Group now owns 1,784 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 990 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of United Dominion Realty Trust by 107.5% in the 2nd quarter. Parallel Advisors LLC now owns 4,335 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 2,246 shares in the last quarter. 97.82% of the stock is currently owned by institutional investors and hedge funds.

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.