Morgan Stanley Has Lowered Expectations for United Dominion Realty Trust (NYSE:UDR) Stock Price

United Dominion Realty Trust (NYSE:UDR) had its target price decreased by equities researchers at Morgan Stanley from $44.50 to $43.50 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target points to a potential upside of 25.74% from the company’s current price.

A number of other brokerages have also issued reports on UDR. UBS Group cut their price target on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday. BMO Capital Markets set a $44.00 target price on United Dominion Realty Trust in a research note on Thursday, September 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $46.00 price target on shares of United Dominion Realty Trust in a research report on Friday, October 17th. Wall Street Zen upgraded United Dominion Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Wells Fargo & Company reduced 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 note on Monday. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.10.

United Dominion Realty Trust Trading Down 0.7%

UDR traded down $0.26 on Thursday, hitting $34.60. 1,387,907 shares of the company were exchanged, compared to its average volume of 2,359,558. The firm has a fifty day simple moving average of $36.36 and a two-hundred day simple moving average of $39.03. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22. United Dominion Realty Trust has a 12 month low of $32.94 and a 12 month high of $46.62. The stock has a market capitalization of $11.43 billion, a PE ratio of 78.65, a price-to-earnings-growth ratio of 7.76 and a beta of 0.84.

United Dominion Realty Trust (NYSE:UDR) last announced its quarterly earnings data on Monday, June 3rd. The real estate investment trust reported $0.60 earnings per share for the quarter. United Dominion Realty Trust had a return on equity of 4.51% and a net margin of 8.80%.The firm had revenue of $399.55 million during the quarter. Sell-side analysts expect that United Dominion Realty Trust will post 2.51 earnings per share for the current year.

Hedge Funds Weigh In On United Dominion Realty Trust

Several large investors have recently made changes to their positions in UDR. Beaird Harris Wealth Management LLC purchased a new stake in shares of United Dominion Realty Trust during the first quarter valued at approximately $28,000. National Pension Service lifted its holdings in shares of United Dominion Realty Trust by 2,553.5% during the first quarter. National Pension Service now owns 1,141 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,098 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of United Dominion Realty Trust by 61.3% during the first quarter. Federated Hermes Inc. now owns 1,323 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 503 shares during the last quarter. Brooklyn Investment Group increased its holdings in United Dominion Realty Trust by 124.7% in the 1st quarter. Brooklyn Investment Group now owns 1,784 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 990 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in United Dominion Realty Trust by 107.5% in the 2nd quarter. Parallel Advisors LLC now owns 4,335 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 2,246 shares during the last quarter. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

United Dominion Realty Trust Company Profile

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.