ASR Vermogensbeheer N.V. Acquires Shares of 11,862 United Dominion Realty Trust, Inc. (NYSE:UDR)

Key Points

• ASR Vermogensbeheer N.V. acquired 11,862 shares of United Dominion Realty Trust (UDR) valued at approximately $536,000 during the first quarter, reflecting increased interest from institutional investors in the real estate trust.
• Despite a recent dividend declaration of $0.43 per share, UDR's payout ratio stands at a high 452.63%, indicating potential sustainability concerns regarding future dividends.
• Recent analyst ratings show a mixture of opinions with a consensus "Hold" rating and price targets ranging from $41.00 to $48.00, as Mizuho and Evercore ISI have adjusted their price targets downward.

ASR Vermogensbeheer N.V. purchased a new position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,862 shares of the real estate investment trust's stock, valued at approximately $536,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of United Dominion Realty Trust by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 51,023,940 shares of the real estate investment trust's stock worth $2,304,751,000 after purchasing an additional 214,209 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of United Dominion Realty Trust by 5.0% in the first quarter. PNC Financial Services Group Inc. now owns 37,869 shares of the real estate investment trust's stock worth $1,711,000 after acquiring an additional 1,818 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of United Dominion Realty Trust in the first quarter worth approximately $352,000. US Bancorp DE increased its position in shares of United Dominion Realty Trust by 21.9% in the first quarter. US Bancorp DE now owns 6,695 shares of the real estate investment trust's stock worth $302,000 after acquiring an additional 1,202 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of United Dominion Realty Trust in the first quarter worth approximately $301,000. 97.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on UDR. UBS Group reduced their target price on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Barclays lowered their price target 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. Mizuho lowered their price target on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Scotiabank lowered their target price on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a report on Friday, June 13th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $43.00 target price (down previously from $48.00) on shares of United Dominion Realty Trust in a report on Monday, August 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $45.29.

United Dominion Realty Trust Trading Up 0.9%

United Dominion Realty Trust stock traded up $0.33 during midday trading on Tuesday, hitting $37.83. 1,348,298 shares of the stock were exchanged, compared to its average volume of 2,530,937. The stock has a market capitalization of $12.53 billion, a PE ratio of 99.55, a P/E/G ratio of 9.40 and a beta of 0.84. United Dominion Realty Trust, Inc. has a 52 week low of $36.61 and a 52 week high of $47.55. 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 company has a fifty day simple moving average of $40.40 and a two-hundred day simple moving average of $41.67.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.64 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $422.64 million. During the same period last year, the business posted $0.62 earnings per share. The firm's quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Dividend Announcement

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

About United Dominion Realty Trust

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.