39,085 Shares in United Dominion Realty Trust, Inc. $UDR Purchased by Bank of Nova Scotia

Key Points

• Bank of Nova Scotia purchased 39,085 UDR shares valued at approximately $1.56 million during the second quarter. Institutional investors and hedge funds collectively own 97.82% of United Dominion Realty Trust.
• UDR reported quarterly earnings of $0.21 per share, beating analyst expectations of $0.13, while revenue reached $425.4 million versus the $423.35 million consensus estimate.
• The company authorized a 25 million-share repurchase program, signaling management’s view that the stock may be undervalued. Analysts maintain an overall “Hold” rating, with an average price target of $41.66.

Bank of Nova Scotia purchased a new stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 39,085 shares of the real estate investment trust's stock, valued at approximately $1,560,000.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of United Dominion Realty Trust during the second quarter valued at approximately $1,247,535,000. Bank of New York Mellon Corp acquired a new position in United Dominion Realty Trust in the 2nd quarter valued at $89,660,000. Deutsche Bank AG acquired a new position in United Dominion Realty Trust in the 2nd quarter valued at $36,150,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in United Dominion Realty Trust in the 2nd quarter valued at $24,849,000. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new position in United Dominion Realty Trust in the 2nd quarter valued at $8,962,000. 97.82% of the stock is currently owned by institutional investors and hedge funds.

United Dominion Realty Trust Stock Performance

United Dominion Realty Trust stock opened at $37.97 on Thursday. The firm has a 50 day simple moving average of $38.95 and a 200-day simple moving average of $37.46. The stock 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 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 1-year low of $32.94 and a 1-year high of $42.00.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. The firm had revenue of $425.40 million for the quarter, compared to analysts' expectations of $423.35 million. United Dominion Realty Trust had a return on equity of 16.56% and a net margin of 30.43%.The firm's quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. 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, Inc. will post 2.53 EPS for the current year.

United Dominion Realty Trust announced that its board has initiated a share repurchase plan on Monday, May 4th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at United Dominion Realty Trust

In related news, CEO Thomas W. Toomey sold 80,000 shares of the firm's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $39.25, for a total transaction of $3,140,000.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.82% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on UDR shares. Royal Bank Of Canada raised their target price on shares of 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. Cantor Fitzgerald upped their price target on United Dominion Realty Trust from $39.00 to $41.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Wells Fargo & Company increased their price target on United Dominion Realty Trust from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Wednesday, July 22nd. The Goldman Sachs Group reiterated a "sell" rating and set a $38.00 price objective on shares of United Dominion Realty Trust in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. boosted their price objective on United Dominion Realty Trust from $39.00 to $41.00 and gave the stock an "underweight" rating in a research note on Tuesday, August 4th. One research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target 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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