United Dominion Realty Trust (NYSE:UDR) Given New $38.00 Price Target at Royal Bank Of Canada

United Dominion Realty Trust (NYSE:UDR) had its price objective boosted by equities researchers at Royal Bank Of Canada from $37.00 to $38.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 1.67% from the stock’s current price.

A number of other research firms have also recently commented on UDR. Evercore restated an “outperform” rating on shares of United Dominion Realty Trust in a research report on Wednesday, February 11th. Wall Street Zen cut United Dominion Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday. Cantor Fitzgerald lowered their price objective on United Dominion Realty Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday. Scotiabank lifted their price objective on United Dominion Realty Trust from $37.00 to $39.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 4th. Finally, Truist Financial lowered their price objective on United Dominion Realty Trust from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, United Dominion Realty Trust has a consensus rating of “Hold” and a consensus target price of $40.25.

United Dominion Realty Trust Stock Performance

Shares of NYSE UDR traded up $0.44 during trading on Wednesday, reaching $37.38. 788,467 shares of the company traded hands, compared to its average volume of 4,015,350. The firm’s fifty day simple moving average is $35.56 and its 200 day simple moving average is $35.99. The stock has a market cap of $12.14 billion, a P/E ratio of 25.42, a PEG ratio of 12.28 and a beta of 0.73. United Dominion Realty Trust has a 12-month low of $32.94 and a 12-month high of $43.12. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 1.75.

United Dominion Realty Trust (NYSE:UDR) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). United Dominion Realty Trust had a net margin of 28.60% and a return on equity of 15.10%. The business had revenue of $425.85 million for the quarter, compared to analyst estimates of $427.08 million. During the same quarter last year, the business earned $0.61 earnings per share. United Dominion Realty Trust’s revenue was up .8% on a year-over-year basis. 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. As a group, research analysts anticipate that United Dominion Realty Trust will post 2.53 earnings per share for the current fiscal year.

United Dominion Realty Trust declared that its board has authorized a share buyback program on Monday, May 4th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Empowered Funds LLC lifted its stake in United Dominion Realty Trust by 5.8% in the 1st quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 337 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in United Dominion Realty Trust by 1.7% in the 1st 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 purchasing an additional 986 shares in the last quarter. Finally, Jane Street Group LLC raised its position 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 buying an additional 3,637 shares during the period. 97.82% of the stock is owned by hedge funds and other 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.