AQR Capital Management LLC Grows Position in 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 raised its stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 66.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 205,289 shares of the real estate investment trust's stock after purchasing an additional 82,157 shares during the quarter. AQR Capital Management LLC owned 0.06% of United Dominion Realty Trust worth $9,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of United Dominion Realty Trust by 2.8% in the fourth quarter. Ameriprise Financial Inc. now owns 468,421 shares of the real estate investment trust's stock worth $20,334,000 after buying an additional 12,795 shares during the period. Captrust Financial Advisors grew its holdings in United Dominion Realty Trust by 9.3% in the 4th quarter. Captrust Financial Advisors now owns 21,139 shares of the real estate investment trust's stock worth $918,000 after acquiring an additional 1,794 shares during the last quarter. Ensign Peak Advisors Inc increased its position in shares of United Dominion Realty Trust by 7.0% in the fourth quarter. Ensign Peak Advisors Inc now owns 106,704 shares of the real estate investment trust's stock valued at $4,632,000 after acquiring an additional 6,971 shares during the period. Focus Partners Wealth bought a new position in shares of United Dominion Realty Trust during the fourth quarter valued at about $2,364,000. Finally, NorthRock Partners LLC purchased a new stake in shares of United Dominion Realty Trust during the fourth quarter worth about $223,000. Institutional investors own 97.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on UDR. Piper Sandler restated a "neutral" rating and set a $43.00 price target (down previously from $48.00) on shares of United Dominion Realty Trust in a report on Monday, August 4th. Scotiabank cut their price objective on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Friday, June 13th. Wells Fargo & Company decreased their target price on United Dominion Realty Trust from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, August 27th. Wall Street Zen lowered United Dominion Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Truist Financial reduced 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 research report on Tuesday, August 26th. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, United Dominion Realty Trust presently has a consensus rating of "Hold" and an average price target of $44.38.

United Dominion Realty Trust Stock Down 1.3%

Shares of United Dominion Realty Trust stock traded down $0.49 during trading on Tuesday, hitting $37.27. The company's stock had a trading volume of 2,588,734 shares, compared to its average volume of 2,237,033. United Dominion Realty Trust, Inc. has a 52 week low of $36.61 and a 52 week high of $47.11. The company has a market capitalization of $12.35 billion, a PE ratio of 98.08, a P/E/G ratio of 9.45 and a beta of 0.88. The company has a fifty day simple moving average of $39.19 and a two-hundred day simple moving average of $40.97. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $423.00 million during the quarter, compared to the consensus estimate of $422.64 million. During the same quarter last year, the firm earned $0.62 earnings per share. The business's revenue for the quarter was up 2.4% on a year-over-year basis. 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 research analysts predict that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

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.