United Dominion Realty Trust (NYSE:UDR) Price Target Lowered to $38.00 at Scotiabank

by · The Cerbat Gem

United Dominion Realty Trust (NYSE:UDR – Get Free Report) had its price target dropped by equities researchers at Scotiabank from $39.00 to $38.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective would indicate a potential upside of 1.09% from the stock’s previous close.

Several other brokerages have also recently commented on UDR. Piper Sandler raised their target price on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Citigroup reduced their price target on shares of United Dominion Realty Trust from $42.00 to $40.50 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Barclays lowered their price objective on shares of United Dominion Realty Trust from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday. Royal Bank Of Canada boosted their target price on shares of United Dominion Realty Trust from $37.00 to $38.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Finally, Cantor Fitzgerald reduced their target price on United Dominion Realty Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $40.13.

Read Our Latest Stock Report on UDR

United Dominion Realty Trust Stock Up 0.6%

Shares of United Dominion Realty Trust stock opened at $37.59 on Thursday. United Dominion Realty Trust has a 12-month low of $32.94 and a 12-month high of $42.45. The firm has a market capitalization of $12.21 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 12.61 and a beta of 0.73. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 1.75. The stock’s fifty day moving average is $35.51 and its 200-day moving average is $36.02.

United Dominion Realty Trust (NYSE:UDR – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). The company had revenue of $425.85 million during the quarter, compared to analyst estimates of $427.08 million. United Dominion Realty Trust had a net margin of 28.60% and a return on equity of 15.10%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 EPS. United Dominion Realty Trust has set its FY 2026 guidance at 2.470-2.570 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. Equities analysts anticipate that United Dominion Realty Trust will post 2.53 earnings per share for the current year.

United Dominion Realty Trust declared that its board has authorized a stock buyback plan on Monday, May 4th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On United Dominion Realty Trust

A number of institutional investors have recently modified their holdings of UDR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of United Dominion Realty Trust by 1.7% during the 1st 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 acquiring an additional 986 shares in the last quarter. Jane Street Group LLC raised its holdings 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 worth $634,000 after acquiring an additional 3,637 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of United Dominion Realty Trust by 5.8% during the first 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. Institutional investors and hedge funds own 97.82% of the company’s stock.

United Dominion Realty Trust Company Profile

(Get Free Report)

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.

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