Kentucky Retirement Systems Insurance Trust Fund Purchases Shares of 9,544 United Dominion Realty Trust, Inc. (NYSE:UDR)

Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,544 shares of the real estate investment trust's stock, valued at approximately $431,000.

Other institutional investors also recently modified their holdings of the company. Kentucky Retirement Systems grew its stake in United Dominion Realty Trust by 8.6% in the 1st quarter. Kentucky Retirement Systems now owns 22,409 shares of the real estate investment trust's stock valued at $1,012,000 after buying an additional 1,784 shares during the last quarter. Spirit of America Management Corp NY grew its stake in United Dominion Realty Trust by 1.1% in the 1st quarter. Spirit of America Management Corp NY now owns 46,100 shares of the real estate investment trust's stock valued at $2,082,000 after buying an additional 500 shares during the last quarter. State of Alaska Department of Revenue grew its stake in United Dominion Realty Trust by 1.6% in the 1st quarter. State of Alaska Department of Revenue now owns 195,631 shares of the real estate investment trust's stock valued at $8,835,000 after buying an additional 3,027 shares during the last quarter. S. R. Schill & Associates acquired a new position in United Dominion Realty Trust in the 1st quarter valued at about $3,963,000. Finally, Pacific Sun Financial Corp grew its stake in United Dominion Realty Trust by 4.9% in the 1st quarter. Pacific Sun Financial Corp now owns 10,951 shares of the real estate investment trust's stock valued at $495,000 after buying an additional 515 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Scotiabank decreased their price target on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a research note on Friday, June 13th. Royal Bank Of Canada upped their price target on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Barclays upped their price target on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Truist Financial lowered shares of United Dominion Realty Trust from a "buy" rating to a "hold" rating and upped their price target for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Finally, Mizuho cut their price objective on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $46.38.

United Dominion Realty Trust Price Performance

Shares of United Dominion Realty Trust stock traded down $0.13 on Friday, reaching $40.69. 2,793,174 shares of the stock were exchanged, compared to its average volume of 2,185,890. The firm's 50 day moving average is $41.43 and its 200-day moving average is $42.19. United Dominion Realty Trust, Inc. has a one year low of $36.61 and a one year high of $47.55. The company has a debt-to-equity ratio of 1.77, a quick ratio of 8.35 and a current ratio of 8.35. The firm has a market cap of $13.48 billion, a PE ratio of 116.25, a P/E/G ratio of 13.56 and a beta of 0.83.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.61. The business had revenue of $419.84 million during the quarter, compared to analysts' expectations of $421.23 million. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS. As a group, analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio is 491.43%.

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.