United Dominion Realty Trust (NYSE:UDR) Price Target Raised to $39.00

United Dominion Realty Trust (NYSE:UDR) had its target price lifted by analysts at Scotiabank from $37.00 to $39.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price suggests a potential upside of 4.03% from the stock’s current price.

A number of other brokerages also recently issued reports on UDR. Evercore restated an “outperform” rating on shares of United Dominion Realty Trust in a research report on Wednesday, February 11th. Morgan Stanley reduced their price objective on shares of 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. The Goldman Sachs Group reissued a “sell” rating and issued a $39.00 price objective on shares of United Dominion Realty Trust in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Dominion Realty Trust in a research note on Monday, December 29th. Finally, Barclays reduced their price target on United Dominion Realty Trust from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $41.04.

United Dominion Realty Trust Price Performance

UDR stock traded up $0.03 during trading on Wednesday, hitting $37.49. 921,149 shares of the company’s stock traded hands, compared to its average volume of 4,582,673. United Dominion Realty Trust has a 52 week low of $32.94 and a 52 week high of $45.73. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 33.18, a P/E/G ratio of 12.56 and a beta of 0.71. The business has a fifty day simple moving average of $37.29 and a 200 day simple moving average of $36.74. The company has a debt-to-equity ratio of 1.79, a quick ratio of 4.48 and a current ratio of 4.48.

Institutional Trading of United Dominion Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in UDR. Empowered Funds LLC grew its holdings in United Dominion Realty Trust by 5.8% during the 1st quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 337 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of United Dominion Realty Trust by 35.0% during the first 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in United Dominion Realty Trust by 1.7% during 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 during the period. 97.82% of the stock is currently owned by institutional investors.

About United Dominion Realty Trust

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.