Asset Management One Co. Ltd. Buys 30,945 Shares of United Dominion Realty Trust, Inc. (NYSE:UDR)

Asset Management One Co. Ltd. lifted its stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 5.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 618,717 shares of the real estate investment trust's stock after buying an additional 30,945 shares during the period. Asset Management One Co. Ltd. owned about 0.19% of United Dominion Realty Trust worth $27,947,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of UDR. Sentry Investment Management LLC acquired a new position in shares of United Dominion Realty Trust in the 1st quarter worth approximately $47,000. Smartleaf Asset Management LLC raised its holdings in shares of United Dominion Realty Trust by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock worth $52,000 after buying an additional 491 shares in the last quarter. Continuum Advisory LLC raised its holdings in shares of United Dominion Realty Trust by 38.0% in the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock worth $55,000 after buying an additional 351 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of United Dominion Realty Trust by 47.8% in the 1st quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust's stock worth $61,000 after buying an additional 434 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of United Dominion Realty Trust in the 4th quarter worth approximately $114,000. 97.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UDR has been the subject of a number of recent analyst reports. Barclays raised their price target on United Dominion Realty Trust from $48.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Truist Financial cut United Dominion Realty Trust from a "buy" rating to a "hold" rating and raised their price target for the company from $45.00 to $46.00 in a report on Monday, March 10th. Royal Bank Of Canada raised their price target on United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Mizuho dropped their price target on United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Finally, Scotiabank dropped their price target on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating for the company in a report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $46.38.

United Dominion Realty Trust Stock Down 0.3%

Shares of United Dominion Realty Trust stock traded down $0.13 during trading on Friday, reaching $40.69. The stock had a trading volume of 2,793,174 shares, compared to its average volume of 2,185,890. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 116.25, a P/E/G ratio of 13.56 and a beta of 0.83. The stock has a fifty day moving average price of $41.43 and a two-hundred day moving average price of $42.21. 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 current ratio of 8.35, a quick ratio of 8.35 and a debt-to-equity ratio of 1.77.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.61. United Dominion Realty Trust had a return on equity of 3.73% and a net margin of 7.33%. The business had revenue of $419.84 million for the quarter, compared to analyst estimates of $421.23 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. United Dominion Realty Trust's revenue was up 2.0% on a year-over-year basis. Sell-side analysts predict that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.23%. United Dominion Realty Trust's payout ratio is presently 491.43%.

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.