Truist Financial Has Lowered Expectations for United Dominion Realty Trust (NYSE:UDR) Stock Price

United Dominion Realty Trust (NYSE:UDR) had its target price lowered by analysts at Truist Financial from $42.00 to $41.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price would indicate a potential upside of 9.51% from the stock’s previous close.

UDR has been the topic of a number of other research reports. Morgan Stanley dropped their price objective on United Dominion Realty Trust from $44.50 to $43.50 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. The Goldman Sachs Group restated a “sell” rating and issued a $39.00 target price on shares of United Dominion Realty Trust in a report on Thursday, February 12th. Evercore restated an “outperform” rating on shares of United Dominion Realty Trust in a research note on Wednesday, February 11th. Wells Fargo & Company cut their target price on United Dominion Realty Trust from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Finally, Piper Sandler raised their price target on United Dominion Realty Trust from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. 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 MarketBeat.com, United Dominion Realty Trust has an average rating of “Hold” and a consensus price target of $40.96.

United Dominion Realty Trust Stock Down 0.8%

Shares of UDR traded down $0.31 during midday trading on Thursday, reaching $37.44. The stock had a trading volume of 772,000 shares, compared to its average volume of 4,541,267. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 12.56 and a beta of 0.71. The company’s fifty day simple moving average is $37.31 and its two-hundred day simple moving average is $36.75. United Dominion Realty Trust has a 1-year low of $32.94 and a 1-year high of $45.73. The company has a debt-to-equity ratio of 1.79, a current ratio of 4.48 and a quick ratio of 4.48.

Hedge Funds Weigh In On United Dominion Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UDR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 worth $2,741,000 after buying an additional 986 shares in the last quarter. Empowered Funds LLC increased its stake in 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 purchasing an additional 337 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in 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 buying an additional 3,637 shares during the period. Institutional investors and hedge funds own 97.82% of the company’s stock.

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.