Bamco Inc. NY Makes New Investment in United Dominion Realty Trust, Inc. $UDR

Bamco Inc. NY purchased a new stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 372,699 shares of the real estate investment trust's stock, valued at approximately $14,878,000. Bamco Inc. NY owned 0.12% of United Dominion Realty Trust as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. purchased a new position in United Dominion Realty Trust during the second quarter worth about $1,247,535,000. Canada Pension Plan Investment Board bought a new stake in United Dominion Realty Trust during the second quarter valued at approximately $219,560,000. Bank of New York Mellon Corp purchased a new position in United Dominion Realty Trust in the 2nd quarter worth approximately $89,660,000. Legal & General Group Plc purchased a new position in United Dominion Realty Trust in the 2nd quarter worth approximately $78,688,000. Finally, Bank of America Corp DE bought a new position in shares of United Dominion Realty Trust in the 2nd quarter worth $56,374,000. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on UDR. Jefferies Financial Group raised shares of United Dominion Realty Trust to a "strong-buy" rating in a report on Wednesday, July 22nd. Cantor Fitzgerald raised their price target on United Dominion Realty Trust from $39.00 to $41.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Evercore restated an "outperform" rating on shares of United Dominion Realty Trust in a research report on Monday, June 8th. JPMorgan Chase & Co. lifted their price target on United Dominion Realty Trust from $39.00 to $41.00 and gave the stock an "underweight" rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of United Dominion Realty Trust in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $41.66.

United Dominion Realty Trust Trading Down 2.2%

UDR opened at $37.11 on Friday. United Dominion Realty Trust, Inc. has a 52 week low of $32.94 and a 52 week high of $42.00. The stock has a market cap of $11.92 billion, a PE ratio of 23.64, a PEG ratio of 9.66 and a beta of 0.70. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.01. The business has a 50 day moving average of $38.94 and a 200-day moving average of $37.46.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its earnings results on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. The firm had revenue of $425.40 million during the quarter, compared to analyst estimates of $423.35 million. During the same period last year, the business earned $0.64 earnings per share. The business's revenue was up .0% on a year-over-year basis. United Dominion Realty Trust has set its FY 2026 guidance at 2.490-2.570 EPS and its Q3 2026 guidance at 0.640-0.640 EPS. Equities research analysts predict that United Dominion Realty Trust, Inc. will post 2.53 earnings per share for the current fiscal year.

United Dominion Realty Trust announced that its board has approved a share repurchase program on Monday, May 4th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Insider Activity

In related news, CEO Thomas W. Toomey sold 80,000 shares of the company's stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $39.25, for a total value of $3,140,000.00. Following the transaction, the chief executive officer owned 810,455 shares in the company, valued at $31,810,358.75. The trade was a 8.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.82% of the stock is currently owned by corporate insiders.

About United Dominion Realty Trust

United Dominion Realty Trust NYSE: UDR is a publicly traded real estate investment trust specializing in the ownership, management, acquisition, development and redevelopment of multifamily apartment communities. The company's core focus is on Class A and Class A–plus residential properties, offering a diverse portfolio designed to meet the evolving needs of renters. UDR employs a full-service management platform to oversee daily operations, property maintenance, leasing, and resident services, ensuring consistency and quality across its holdings.

UDR's business activities encompass ground-up development, strategic property redevelopment, and selective acquisitions.

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