United Dominion Realty Trust (NYSE:UDR) Price Target Cut to $41.00 by Analysts at Truist Financial

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

Several other equities research analysts also recently issued reports on the stock. UBS Group boosted their price objective on shares of United Dominion Realty Trust from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Royal Bank Of Canada upped their price target on shares of United Dominion Realty Trust from $38.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 10th. Cantor Fitzgerald increased their price objective on shares of United Dominion Realty Trust from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. Mizuho dropped their price objective on shares of United Dominion Realty Trust from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Finally, Morgan Stanley decreased their target price on shares of United Dominion Realty Trust from $44.50 to $43.50 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $40.96.

United Dominion Realty Trust Trading Down 0.8%

Shares of UDR traded down $0.31 during mid-day trading on Thursday, reaching $37.44. The company had a trading volume of 772,000 shares, compared to its average volume of 4,541,267. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 12.56 and a beta of 0.71. United Dominion Realty Trust has a fifty-two week low of $32.94 and a fifty-two week high of $45.73. The company has a current ratio of 4.48, a quick ratio of 4.48 and a debt-to-equity ratio of 1.79. The firm has a fifty day simple moving average of $37.31 and a 200-day simple moving average of $36.75.

Hedge Funds Weigh In On United Dominion Realty Trust

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in United Dominion Realty Trust by 5.8% during 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 valued at $2,741,000 after buying an additional 986 shares during the period. Finally, Jane Street Group LLC grew 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 last quarter. 97.82% of the stock is currently owned by 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.