United Dominion Realty Trust (NYSE:UDR) Upgraded to “Strong-Buy” at UBS Group

UBS Group upgraded shares of United Dominion Realty Trust (NYSE:UDR) to a strong-buy rating in a research report released on Tuesday,Zacks reports.

Several other equities research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $44.00 target price on shares of United Dominion Realty Trust in a research note on Friday, August 14th. Evercore reissued an “outperform” rating on shares of United Dominion Realty Trust in a research note on Monday, June 8th. Weiss Ratings restated a “hold (c)” rating on shares of United Dominion Realty Trust in a report on Wednesday, June 24th. Morgan Stanley reduced their price objective on shares of United Dominion Realty Trust from $44.50 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. Finally, Scotiabank lifted their price objective on shares of United Dominion Realty Trust from $38.00 to $41.00 and gave the company a “sector perform” rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, United Dominion Realty Trust presently has an average rating of “Hold” and an average target price of $41.23.

United Dominion Realty Trust Price Performance

UDR stock opened at $34.41 on Tuesday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.01. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 8.89 and a beta of 0.70. The company’s fifty day simple moving average is $37.89 and its 200 day simple moving average is $37.25. United Dominion Realty Trust has a 12-month low of $32.94 and a 12-month high of $42.00.

United Dominion Realty Trust (NYSE:UDR) last issued its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. United Dominion Realty Trust had a return on equity of 16.56% and a net margin of 30.43%.The firm had revenue of $425.40 million during the quarter, compared to the consensus estimate of $423.35 million. During the same period last year, the business posted $0.64 EPS. The business’s revenue was up .0% compared to the same quarter last year. United Dominion Realty Trust has set its FY 2026 guidance at 2.490-2.570 EPS and its Q3 2026 guidance at 0.640-0.640 EPS. On average, analysts expect that United Dominion Realty Trust will post 2.53 earnings per share for the current year.

Institutional Investors Weigh In On United Dominion Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. New Mexico Educational Retirement Board boosted its stake in shares of United Dominion Realty Trust by 7.2% in the second quarter. New Mexico Educational Retirement Board now owns 14,900 shares of the real estate investment trust’s stock worth $595,000 after acquiring an additional 1,000 shares during the period. Addison Advisors LLC bought a new stake in United Dominion Realty Trust during the 2nd quarter valued at approximately $58,000. Northwestern Mutual Wealth Management Co. bought a new stake in United Dominion Realty Trust during the 2nd quarter valued at approximately $75,000. Allworth Financial LP purchased a new position in United Dominion Realty Trust in the 2nd quarter worth approximately $106,000. Finally, Westpac Banking Corp purchased a new position in United Dominion Realty Trust in the 2nd quarter worth approximately $114,000. Institutional investors and hedge funds own 97.82% of the company’s stock.

About United Dominion Realty Trust

United Dominion Realty Trust, Inc (NYSE: UDR) is a real estate investment trust focused on the ownership, acquisition, development, redevelopment and management of multifamily apartment communities. The company generates revenue primarily by leasing residential units to individuals and families.

Founded in 1972, UDR provides rental housing under its apartment community brands and supports residents through property management and related services. Its portfolio includes conventional apartment communities as well as properties offering amenities and technology-enabled services intended to enhance the resident experience.

UDR operates in selected metropolitan markets across the United States, with a focus on areas characterized by employment growth, household formation and sustained demand for rental housing.