United Dominion Realty Trust (NYSE:UDR) Stock Gets Price Target Boost from UBS Group

United Dominion Realty Trust (NYSE:UDR) had its target price raised by equities research analysts at UBS Group from $39.00 to $43.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. UBS Group‘s price target indicates a potential upside of 17.31% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of United Dominion Realty Trust in a research report on Monday, September 21st. Mizuho reduced their price target on United Dominion Realty Trust from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 8th. Scotiabank lowered their price objective on United Dominion Realty Trust from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 17th. Morgan Stanley dropped their price objective on United Dominion Realty Trust from $44.50 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, August 12th. Finally, Jefferies Financial Group upgraded United Dominion Realty Trust to a “strong-buy” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.23.

United Dominion Realty Trust Stock Performance

United Dominion Realty Trust stock traded down $0.06 during midday trading on Tuesday, hitting $36.66. The company’s stock had a trading volume of 2,252,512 shares, compared to its average volume of 4,106,218. United Dominion Realty Trust has a 1-year low of $33.10 and a 1-year high of $42.00. The company has a debt-to-equity ratio of 1.87, a current ratio of 3.44 and a quick ratio of 4.22. The company has a 50-day moving average price of $34.92 and a two-hundred day moving average price of $36.79. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 8.14 and a beta of 0.70.

United Dominion Realty Trust (NYSE:UDR) last posted its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter. United Dominion Realty Trust had a net margin of 40.75% and a return on equity of 22.39%. The firm had revenue of $428.08 million during the quarter. As a group, sell-side analysts predict that United Dominion Realty Trust will post 2.54 earnings per share for the current year.

Insider Transactions at United Dominion Realty Trust

In other United Dominion Realty Trust news, COO Michael Lacy sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $36.48, for a total transaction of $364,800.00. Following the completion of the transaction, the chief operating officer directly owned 783 shares in the company, valued at $28,563.84. The trade was a 92.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.82% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Dominion Realty Trust

A number of large investors have recently modified their holdings of UDR. BlackRock Inc. acquired a new position in United Dominion Realty Trust during the 2nd quarter worth approximately $1,247,535,000. Canada Pension Plan Investment Board bought a new position in United Dominion Realty Trust in the 2nd quarter valued at approximately $219,560,000. Bank of New York Mellon Corp bought a new position in United Dominion Realty Trust in the 2nd quarter valued at approximately $89,660,000. Legal & General Group Plc acquired a new stake in United Dominion Realty Trust in the second quarter valued at approximately $78,688,000. Finally, Bank of America Corp DE acquired a new stake in United Dominion Realty Trust in the second quarter valued at approximately $56,374,000. Institutional investors and hedge funds own 97.82% of the company’s stock.

United Dominion Realty Trust Company Profile

UDR, Inc., formerly known as United Dominion Realty Trust, is a real estate investment trust focused on the ownership, development, acquisition and management of apartment communities in the United States. The company traces its history to 1972 and provides rental housing across a range of markets and communities. UDR’s portfolio is concentrated in major coastal and Sun Belt markets, including areas such as New York, Boston, Washington, D.C., Southern California, Seattle, Denver, Dallas, Austin, Nashville and South Florida.