622,465 Shares in United Dominion Realty Trust, Inc. $UDR Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management acquired 622,465 UDR shares worth approximately $24.85 million, while institutional investors collectively owned 97.82% of the REIT.
• UDR reported quarterly EPS of $0.21, beating the $0.13 analyst consensus, with revenue of $425.4 million versus estimates of $423.35 million. The company also authorized a 25 million-share repurchase program.
• Analysts have a consensus “Hold” rating and an average price target of $41.66, compared with the stock’s reported price of $37.74.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 622,465 shares of the real estate investment trust's stock, valued at approximately $24,849,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.19% of United Dominion Realty Trust at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC purchased a new position in United Dominion Realty Trust during the 2nd quarter valued at approximately $187,000. Bank of New York Mellon Corp bought a new stake in United Dominion Realty Trust in the 2nd quarter worth approximately $89,660,000. State of Wyoming purchased a new stake in shares of United Dominion Realty Trust during the 2nd quarter worth approximately $472,000. GSA Capital Partners LLP purchased a new stake in shares of United Dominion Realty Trust during the 2nd quarter worth approximately $676,000. Finally, Jane Street Group LLC raised its holdings 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 worth $634,000 after acquiring an additional 3,637 shares in the last quarter. Institutional investors own 97.82% of the company's stock.

United Dominion Realty Trust Trading Up 0.6%

NYSE UDR opened at $37.74 on Friday. The stock has a market cap of $12.12 billion, a PE ratio of 24.04, a PEG ratio of 9.55 and a beta of 0.70. United Dominion Realty Trust, Inc. has a 12 month low of $32.94 and a 12 month high of $42.00. The company's 50-day moving average price is $38.99 and its 200-day moving average price is $37.43. The company has a current ratio of 4.22, a quick 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 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 return on equity of 16.56% and a net margin of 30.43%.The business had revenue of $425.40 million during the quarter, compared to analyst estimates of $423.35 million. During the same period in the previous year, the company posted $0.64 EPS. United Dominion Realty Trust's revenue was up .0% on a year-over-year basis. 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 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

UDR has been the subject of a number of recent research reports. Barclays raised their target price on shares of United Dominion Realty Trust from $41.00 to $46.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Scotiabank upped their price target on shares of United Dominion Realty Trust from $38.00 to $41.00 and gave the company a "sector perform" rating in a research note on Thursday, July 9th. Morgan Stanley lowered their price objective on shares of United Dominion Realty Trust from $44.50 to $42.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 12th. Royal Bank Of Canada lifted their price objective 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. Finally, Wall Street Zen upgraded shares of United Dominion Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $41.66.

Insider Activity at United Dominion Realty Trust

In related news, CEO Thomas W. Toomey sold 80,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were 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 owned 810,455 shares of the company's stock, valued at $31,810,358.75. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.82% of the company's stock.

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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