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

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.

A number of other research analysts have also recently commented on the stock. Cantor Fitzgerald boosted their target price on shares of United Dominion Realty Trust from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. Evercore reaffirmed an “outperform” rating on shares of United Dominion Realty Trust in a research note on Wednesday, February 11th. Wells Fargo & Company decreased their price objective on shares of United Dominion Realty Trust from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Royal Bank Of Canada lifted their target price on United Dominion Realty Trust from $38.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 10th. Finally, Morgan Stanley reduced their price target on United Dominion Realty Trust from $44.50 to $43.50 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $40.89.

United Dominion Realty Trust Price Performance

UDR stock opened at $37.33 on Friday. The firm has a market cap of $12.27 billion, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 12.47 and a beta of 0.72. The company has a debt-to-equity ratio of 1.79, a quick ratio of 4.48 and a current ratio of 4.48. United Dominion Realty Trust has a 1 year low of $32.94 and a 1 year high of $46.47. The stock has a 50-day simple moving average of $37.09 and a 200-day simple moving average of $36.76.

United Dominion Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were issued a $0.43 dividend. The ex-dividend date of this dividend was Monday, January 12th. This represents a $1.72 dividend on an annualized basis and a yield of 4.6%. United Dominion Realty Trust’s payout ratio is presently 152.21%.

Institutional Investors Weigh In On United Dominion Realty Trust

A number of institutional investors have recently modified their holdings of the business. Jane Street Group LLC increased its stake in shares of United Dominion Realty Trust by 35.0% in the 1st quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust’s stock valued at $634,000 after purchasing an additional 3,637 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of United Dominion Realty Trust by 1.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,692 shares of the real estate investment trust’s stock valued at $2,741,000 after buying an additional 986 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of United Dominion Realty Trust by 5.8% in the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 337 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

United Dominion Realty Trust (NYSE: UDR) is a publicly traded real estate investment trust specializing in the ownership, management, acquisition, development and redevelopment of multifamily apartment communities. The company’s core focus is on Class A and Class A–plus residential properties, offering a diverse portfolio designed to meet the evolving needs of renters. UDR employs a full-service management platform to oversee daily operations, property maintenance, leasing, and resident services, ensuring consistency and quality across its holdings.

UDR’s business activities encompass ground-up development, strategic property redevelopment, and selective acquisitions.