Alyeska Investment Group L.P. Has $40.86 Million Stock Position in United Dominion Realty Trust, Inc. $UDR

Key Points

• Alyeska Investment Group L.P. increased its position in United Dominion Realty Trust by 155.1%, acquiring a total of 904,642 shares valued at approximately $40.86 million.
• Wall Street analysts have adjusted their price targets for United Dominion Realty Trust, with ratings of "Buy" and "Hold," reflecting a consensus price target of $45.04.
• United Dominion Realty Trust announced a quarterly dividend of $0.43, resulting in an annual dividend yield of 4.5%, despite a high dividend payout ratio of 452.63%.

Alyeska Investment Group L.P. increased its position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 155.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 904,642 shares of the real estate investment trust's stock after buying an additional 549,973 shares during the quarter. Alyeska Investment Group L.P. owned about 0.27% of United Dominion Realty Trust worth $40,863,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UDR. Wells Fargo & Company dropped their price target on United Dominion Realty Trust from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 27th. Barclays dropped their price target 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. Truist Financial decreased their price objective on United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating for the company in a report on Tuesday, August 26th. UBS Group decreased their price objective on United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Finally, Evercore ISI decreased their price objective on United Dominion Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $45.04.

United Dominion Realty Trust Stock Performance

UDR stock opened at $38.36 on Thursday. The firm has a market cap of $12.71 billion, a PE ratio of 100.96, a P/E/G ratio of 9.91 and a beta of 0.88. 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 business has a 50 day moving average of $39.62 and a 200-day moving average of $41.30. United Dominion Realty Trust, Inc. has a 12-month low of $36.61 and a 12-month high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its 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. The company had revenue of $423.00 million during 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%.United Dominion Realty Trust's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. 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, sell-side analysts expect that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.72 annualized dividend and a dividend yield of 4.5%. United Dominion Realty Trust's dividend payout ratio is currently 452.63%.

United Dominion Realty Trust 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.

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