Algert Global LLC Makes New Investment in United Dominion Realty Trust, Inc. $UDR

Key Points

• Algert Global LLC acquired 272,880 UDR shares worth approximately $10.9 million in the second quarter, giving it a 0.08% stake. Institutional investors collectively own 97.82% of the apartment REIT.
• UDR exceeded quarterly earnings expectations, reporting $0.21 EPS versus the $0.13 consensus and $425.4 million in revenue. The company also authorized a buyback of up to 25 million shares, signaling management believes the stock may be undervalued.
• Analyst sentiment remains mixed, with an average “Hold” rating and a $41.66 price target versus the stock’s $38.19 opening price. Recent actions included upgrades and higher targets from Jefferies, Wells Fargo, and Barclays, alongside a Goldman Sachs “Sell” rating.

Algert Global LLC acquired a new stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 272,880 shares of the real estate investment trust's stock, valued at approximately $10,893,000. Algert Global LLC owned about 0.08% of United Dominion Realty Trust at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in UDR. Empowered Funds LLC raised its stake in United Dominion Realty Trust by 5.8% in the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust's stock valued at $277,000 after buying an additional 337 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of United Dominion Realty Trust by 1.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,692 shares of the real estate investment trust's stock worth $2,741,000 after acquiring an additional 986 shares during the last quarter. Addison Advisors LLC purchased a new stake in shares of United Dominion Realty Trust during the second quarter worth about $58,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of United Dominion Realty Trust during the second quarter valued at about $75,000. Finally, Allworth Financial LP acquired a new position in shares of United Dominion Realty Trust during the second quarter valued at about $106,000. Institutional investors and hedge funds own 97.82% of the company's stock.

United Dominion Realty Trust Price Performance

Shares of NYSE UDR opened at $38.19 on Wednesday. United Dominion Realty Trust, Inc. has a 52 week low of $32.94 and a 52 week high of $42.00. The business's 50 day moving average price is $38.94 and its 200 day moving average price is $37.46. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.01. The firm has a market cap of $12.27 billion, a P/E ratio of 24.32, a P/E/G ratio of 9.78 and a beta of 0.70.

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

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

Insiders Place Their Bets

In other United Dominion Realty Trust news, CEO Thomas W. Toomey sold 80,000 shares of United Dominion Realty Trust 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 transaction, the chief executive officer owned 810,455 shares in the company, valued at approximately $31,810,358.75. This trade represents a 8.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.82% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Jefferies Financial Group raised shares of United Dominion Realty Trust to a "strong-buy" rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group restated a "sell" rating and set a $38.00 price target on shares of United Dominion Realty Trust in a research note on Thursday, July 30th. Cantor Fitzgerald raised their price target on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Wells Fargo & Company lifted their price objective on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 22nd. Finally, Barclays boosted their price objective 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. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned 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 target price of $41.66.

United Dominion Realty Trust Company 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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