HGI Capital Management LLC Makes New Investment in United Dominion Realty Trust, Inc. $UDR

Key Points

• HGI Capital Management LLC has acquired 67,409 shares of United Dominion Realty Trust, valued at approximately $3,045,000, making it the firm's 16th largest holding.
• The latest quarterly earnings report showed United Dominion Realty Trust exceeding analysts' expectations with $0.64 earnings per share (EPS) versus a consensus of $0.62, and revenue of $423 million.
• United Dominion Realty Trust recently issued a dividend of $0.43 per share, equating to a 4.4% annual yield, although the company's payout ratio stands at a high 452.63%.

HGI Capital Management LLC purchased a new position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 67,409 shares of the real estate investment trust's stock, valued at approximately $3,045,000. United Dominion Realty Trust accounts for approximately 3.8% of HGI Capital Management LLC's portfolio, making the stock its 16th biggest holding.

A number of other hedge funds have also bought and sold shares of the business. Eisler Capital Management Ltd. purchased a new position in shares of United Dominion Realty Trust during the 1st quarter valued at $11,390,000. Ieq Capital LLC lifted its position in shares of United Dominion Realty Trust by 0.7% during the 1st quarter. Ieq Capital LLC now owns 74,886 shares of the real estate investment trust's stock valued at $3,383,000 after buying an additional 532 shares during the last quarter. Harvest Portfolios Group Inc. lifted its position in shares of United Dominion Realty Trust by 9.1% during the 1st quarter. Harvest Portfolios Group Inc. now owns 35,817 shares of the real estate investment trust's stock valued at $1,618,000 after buying an additional 2,998 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of United Dominion Realty Trust by 91.5% during the 1st quarter. MetLife Investment Management LLC now owns 169,993 shares of the real estate investment trust's stock valued at $7,679,000 after buying an additional 81,215 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of United Dominion Realty Trust during the 1st quarter valued at $213,000. 97.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on UDR shares. Mizuho dropped their price objective on United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Wall Street Zen cut United Dominion Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Truist Financial dropped their price objective on United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating on the stock in a report on Tuesday, August 26th. Morgan Stanley decreased their target price on United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. Finally, Barclays decreased their target price on United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $44.83.

United Dominion Realty Trust Price Performance

Shares of United Dominion Realty Trust stock traded up $0.60 during trading on Monday, hitting $39.60. 2,551,720 shares of the stock traded hands, compared to its average volume of 1,952,593. The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 1.76. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 104.20, a PEG ratio of 9.91 and a beta of 0.88. The firm's fifty day moving average is $39.74 and its 200-day moving average is $41.37. United Dominion Realty Trust, Inc. has a 52 week low of $36.61 and a 52 week high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $423.00 million for the quarter, compared to analyst estimates of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.The company's revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 EPS. United Dominion Realty Trust has set its Q3 2025 guidance at 0.620-0.640 EPS. FY 2025 guidance at 2.490-2.550 EPS. Research analysts expect that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were issued a dividend of $0.43 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.3%. United Dominion Realty Trust's dividend payout ratio is currently 452.63%.

About United Dominion Realty Trust

UDR, Inc NYSE: UDR, an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.