30,703 Shares in United Dominion Realty Trust, Inc. $UDR Purchased by Ieq Capital LLC

Key Points

• Ieq Capital LLC purchased 30,703 UDR shares worth approximately $1.23 million during the second quarter. Institutional investors collectively own 97.82% of United Dominion Realty Trust.
• UDR reported quarterly EPS of $0.21, beating the $0.13 consensus estimate, while revenue reached $425.4 million. The company also authorized a repurchase of up to 25 million shares.
• Shares opened at $37.97, below analysts’ average price target of $41.66; the overall analyst consensus remains “Hold.” CEO Thomas W. Toomey separately sold 80,000 shares for $3.14 million.

Ieq Capital LLC purchased a new position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 30,703 shares of the real estate investment trust's stock, valued at approximately $1,226,000.

Other institutional investors also recently bought and sold shares of the company. Addison Advisors LLC purchased a new stake in shares of United Dominion Realty Trust in the 2nd quarter valued at $58,000. Allworth Financial LP purchased a new position in shares of United Dominion Realty Trust during the second quarter worth $106,000. Global Retirement Partners LLC acquired a new stake in United Dominion Realty Trust during the 2nd quarter worth about $187,000. Empowered Funds LLC raised its stake in shares of United Dominion Realty Trust by 5.8% during the 1st quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust's stock valued at $277,000 after buying an additional 337 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. purchased a new position in shares of United Dominion Realty Trust during the 2nd quarter valued at about $377,000. 97.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Thomas W. Toomey sold 80,000 shares of United Dominion Realty Trust 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 sale, the chief executive officer directly owned 810,455 shares of the company's stock, valued at $31,810,358.75. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.82% of the stock is owned by corporate insiders.

United Dominion Realty Trust Stock Down 0.5%

Shares of NYSE UDR opened at $37.97 on Thursday. The company's 50-day simple moving average is $38.95 and its 200-day simple moving average is $37.46. United Dominion Realty Trust, Inc. has a 52-week low of $32.94 and a 52-week high of $42.00. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 9.72 and a beta of 0.70. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.01.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $425.40 million for the quarter, compared to analyst estimates of $423.35 million. During the same period last year, the company posted $0.64 EPS. United Dominion Realty Trust's quarterly 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. Equities analysts predict that United Dominion Realty Trust, Inc. will post 2.53 EPS for the current fiscal year.

United Dominion Realty Trust announced that its Board of Directors has initiated a stock repurchase program on Monday, May 4th that allows the company to buyback 25,000,000 outstanding shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on UDR shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of United Dominion Realty Trust in a report on Wednesday, June 24th. Evercore restated an "outperform" rating on shares of United Dominion Realty Trust in a research report on Monday, June 8th. Cantor Fitzgerald lifted their price objective on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Barclays upped their price objective on shares of United Dominion Realty Trust from $41.00 to $46.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. Finally, Scotiabank increased their target price on shares of United Dominion Realty Trust from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $41.66.

United Dominion Realty Trust Profile

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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