Bank of New York Mellon Corp bought a new stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,246,003 shares of the real estate investment trust's stock, valued at approximately $89,660,000. Bank of New York Mellon Corp owned approximately 0.70% of United Dominion Realty Trust as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC boosted its position in shares of United Dominion Realty Trust by 5.8% in the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust's stock worth $277,000 after acquiring an additional 337 shares during the last quarter. State of Wyoming acquired a new position in United Dominion Realty Trust during the second quarter valued at approximately $472,000. Jane Street Group LLC lifted its position in United Dominion Realty Trust by 35.0% during the first 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 in the last quarter. GSA Capital Partners LLP purchased a new stake in United Dominion Realty Trust during the second quarter worth approximately $676,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in United Dominion Realty Trust by 1.7% during the first 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 buying an additional 986 shares during the period. Institutional investors and hedge funds own 97.82% of the company's stock.
Insider Activity at United Dominion Realty Trust
In related news, CEO Thomas W. Toomey sold 80,000 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $39.25, for a total value of $3,140,000.00. Following the transaction, the chief executive officer directly owned 810,455 shares of the company's stock, valued at approximately $31,810,358.75. This trade represents a 8.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.82% of the company's stock.
Analyst Ratings Changes
UDR has been the topic of a number of research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of United Dominion Realty Trust in a research report on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price objective on United Dominion Realty Trust from $39.00 to $41.00 and gave the company an "underweight" rating in a research report on Tuesday, August 4th. Royal Bank Of Canada upped their price objective on United Dominion Realty Trust from $37.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 6th. Jefferies Financial Group raised United Dominion Realty Trust to a "strong-buy" rating in a research report on Wednesday, July 22nd. Finally, Truist Financial cut United Dominion Realty Trust from a "buy" rating to a "hold" rating and set a $41.00 target price on the stock. in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, United Dominion Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $41.66.
View Our Latest Research Report on UDR
United Dominion Realty Trust Stock Up 1.6%
UDR opened at $38.38 on Tuesday. The company has a market capitalization of $12.33 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 9.62 and a beta of 0.70. The company has a debt-to-equity ratio of 2.01, a current ratio of 4.22 and a quick ratio of 4.22. United Dominion Realty Trust, Inc. has a fifty-two week low of $32.94 and a fifty-two week high of $42.00. The business has a 50-day moving average of $38.95 and a 200-day moving average of $37.45.
United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its earnings results on Monday, July 27th. The real estate investment trust reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. The company had revenue of $425.40 million during the quarter, compared to the consensus estimate of $423.35 million. During the same period in the previous year, the firm posted $0.64 earnings per share. The company's revenue for the quarter 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. Equities research analysts forecast that United Dominion Realty Trust, Inc. will post 2.53 EPS for the current fiscal year.
United Dominion Realty Trust declared that its board has approved a share buyback plan on Monday, May 4th that permits the company to repurchase 25,000,000 outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.
About United Dominion Realty Trust
(
Free Report)
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.
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