Adage Capital Partners GP L.L.C. Sells 127,474 Shares of United Dominion Realty Trust, Inc. $UDR

Adage Capital Partners GP L.L.C. trimmed its position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 53.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,026 shares of the real estate investment trust's stock after selling 127,474 shares during the quarter. Adage Capital Partners GP L.L.C.'s holdings in United Dominion Realty Trust were worth $5,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky grew its stake in shares of United Dominion Realty Trust by 4.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,191 shares of the real estate investment trust's stock valued at $1,048,000 after purchasing an additional 989 shares during the last quarter. Yousif Capital Management LLC raised its holdings in United Dominion Realty Trust by 35.1% in the first quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust's stock worth $2,968,000 after purchasing an additional 17,061 shares during the period. Amalgamated Bank raised its holdings in United Dominion Realty Trust by 1.6% in the first quarter. Amalgamated Bank now owns 59,947 shares of the real estate investment trust's stock worth $2,708,000 after purchasing an additional 936 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of United Dominion Realty Trust during the first quarter worth $431,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of United Dominion Realty Trust by 7.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,581 shares of the real estate investment trust's stock worth $523,000 after acquiring an additional 842 shares during the period. 97.82% of the stock is owned by institutional investors.

United Dominion Realty Trust Stock Up 1.9%

UDR stock traded up $0.73 during midday trading on Thursday, hitting $38.92. The company's stock had a trading volume of 1,126,494 shares, compared to its average volume of 2,245,458. The company has a debt-to-equity ratio of 1.76, a current ratio of 5.22 and a quick ratio of 5.22. United Dominion Realty Trust, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55. The company's fifty day moving average price is $39.42 and its 200 day moving average price is $41.16. The stock has a market capitalization of $12.89 billion, a P/E ratio of 102.41, a PEG ratio of 9.76 and a beta of 0.88.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. The firm had revenue of $423.00 million for the quarter, compared to analyst estimates of $422.64 million. During the same period in the previous year, the business earned $0.62 EPS. The company's revenue was up 2.4% compared to the same quarter last year. 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. As a group, equities research analysts predict that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UDR. Wells Fargo & Company dropped their price objective on shares of United Dominion Realty Trust from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, August 27th. Truist Financial dropped their price objective on shares of 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. Piper Sandler restated a "neutral" rating and set a $43.00 price objective (down from $48.00) on shares of United Dominion Realty Trust in a report on Monday, August 4th. Barclays dropped their price objective on shares of United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Finally, Morgan Stanley dropped their price objective on shares of United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating on the stock in a report on Wednesday, August 13th. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $44.73.

United Dominion Realty Trust Company Profile

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.