AQR Capital Management LLC Acquires 82,157 Shares of United Dominion Realty Trust, Inc. $UDR

Key Points

• AQR Capital Management LLC increased its stake in United Dominion Realty Trust by 66.7%, acquiring an additional 82,157 shares, bringing its total holdings to 205,289 shares valued at approximately $9.26 million.
• The latest quarterly earnings report showed United Dominion Realty Trust had an EPS of $0.64, outperforming expectations and recording a 2.4% year-over-year revenue increase.
• Analysts have adjusted their price targets for United Dominion Realty Trust, with the average target now at $44.73, while the stock currently has ratings of "Buy" and "Hold" from several equities analysts.

AQR Capital Management LLC lifted its holdings in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 66.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 205,289 shares of the real estate investment trust's stock after acquiring an additional 82,157 shares during the period. AQR Capital Management LLC owned 0.06% of United Dominion Realty Trust worth $9,261,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky boosted its stake in shares of United Dominion Realty Trust by 4.5% in the first 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 acquiring an additional 989 shares during the period. Yousif Capital Management LLC boosted its stake in United Dominion Realty Trust by 35.1% during the first quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust's stock valued at $2,968,000 after buying an additional 17,061 shares during the last quarter. Amalgamated Bank boosted its stake in United Dominion Realty Trust by 1.6% during the first quarter. Amalgamated Bank now owns 59,947 shares of the real estate investment trust's stock valued at $2,708,000 after buying an additional 936 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in United Dominion Realty Trust during the first quarter valued at approximately $431,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in 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 valued at $523,000 after buying an additional 842 shares during the last quarter. Institutional investors own 97.82% of the company's stock.

United Dominion Realty Trust Price Performance

NYSE:UDR opened at $38.14 on Thursday. The firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of 100.36, a PEG ratio of 9.76 and a beta of 0.88. United Dominion Realty Trust, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55. The business has a 50 day simple moving average of $39.42 and a 200-day simple moving average of $41.16. 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 (NYSE:UDR - Get Free Report) last posted its quarterly earnings data 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 business 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%.The company's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last 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. Equities analysts forecast that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Truist Financial dropped their price target on United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating for the company in a research note on Tuesday, August 26th. Morgan Stanley dropped their price target on United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating for the company in a research note on Wednesday, August 13th. Barclays dropped their price target on United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Wells Fargo & Company dropped their price target on United Dominion Realty Trust from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Finally, BMO Capital Markets set a $44.00 price target on United Dominion Realty Trust in a research note on Thursday, September 4th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $44.73.

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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