Piper Sandler Cuts United Dominion Realty Trust (NYSE:UDR) Price Target to $39.00

by · The Cerbat Gem

United Dominion Realty Trust (NYSE:UDR – Free Report) had its price target trimmed by Piper Sandler from $43.00 to $39.00 in a report issued on Monday, MarketBeat Ratings reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Several other analysts have also recently issued reports on UDR. BNP Paribas cut shares of United Dominion Realty Trust from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. UBS Group lowered their target price on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, July 15th. BMO Capital Markets set a $44.00 target price on shares of United Dominion Realty Trust in a research note on Thursday, September 4th. Wells Fargo & Company lowered their target price on shares of United Dominion Realty Trust from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, October 13th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $46.00 target price on shares of United Dominion Realty Trust in a research note on Friday, October 17th. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, United Dominion Realty Trust presently has an average rating of “Hold” and an average price target of $41.57.

Check Out Our Latest Report on UDR

United Dominion Realty Trust Stock Performance

Shares of UDR stock opened at $34.41 on Monday. The stock has a market capitalization of $11.40 billion, a P/E ratio of 78.19, a PEG ratio of 7.76 and a beta of 0.85. 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 firm’s 50 day moving average is $36.80 and its 200 day moving average is $39.27. United Dominion Realty Trust has a 12 month low of $32.94 and a 12 month high of $46.62.

United Dominion Realty Trust (NYSE:UDR – Get Free Report) last announced its quarterly earnings results on Monday, June 3rd. The real estate investment trust reported $0.60 EPS for the quarter. The company had revenue of $399.55 million for the quarter. United Dominion Realty Trust had a net margin of 8.80% and a return on equity of 4.51%. On average, sell-side analysts anticipate that United Dominion Realty Trust will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $1.72 annualized dividend and a dividend yield of 5.0%. United Dominion Realty Trust’s dividend payout ratio (DPR) is currently 390.91%.

Hedge Funds Weigh In On United Dominion Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC grew its holdings in shares of United Dominion Realty Trust by 107.5% during the 2nd quarter. Parallel Advisors LLC now owns 4,335 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 2,246 shares during the last quarter. Invst LLC bought a new position in shares of United Dominion Realty Trust during the 1st quarter valued at $757,000. Strs Ohio bought a new position in shares of United Dominion Realty Trust during the 1st quarter valued at $36,506,000. Advisors Capital Management LLC bought a new position in shares of United Dominion Realty Trust during the 1st quarter valued at $229,000. Finally, Jane Street Group LLC grew its holdings in shares of United Dominion Realty Trust by 35.0% during 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 during the last quarter. Institutional investors own 97.82% of the company’s stock.

United Dominion Realty Trust Company Profile

(Get Free Report)

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.

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