Bank of America Corp DE Invests $56.37 Million in United Dominion Realty Trust, Inc. $UDR

Key Points

• Bank of America acquired a new $56.37 million stake in United Dominion Realty Trust, purchasing 1.41 million shares, or approximately 0.44% of UDR. Institutional investors collectively own 97.82% of the company.
• UDR reported quarterly EPS of $0.21, exceeding estimates of $0.13, while revenue reached $425.4 million versus the $423.35 million consensus estimate. Management projected fiscal 2026 EPS of $2.49–$2.57.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $41.03, compared with UDR’s reported share price of $33.89.

Bank of America Corp DE bought a new position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,412,176 shares of the real estate investment trust's stock, valued at approximately $56,374,000. Bank of America Corp DE owned approximately 0.44% of United Dominion Realty Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in UDR. BlackRock Inc. purchased a new stake in United Dominion Realty Trust in the second quarter worth approximately $1,247,535,000. Canada Pension Plan Investment Board purchased a new position in shares of United Dominion Realty Trust during the second quarter worth approximately $219,560,000. Bank of New York Mellon Corp purchased a new position in shares of United Dominion Realty Trust during the second quarter worth approximately $89,660,000. Legal & General Group Plc bought a new stake in shares of United Dominion Realty Trust in the 2nd quarter worth approximately $78,688,000. Finally, Hsbc Holdings PLC bought a new stake in shares of United Dominion Realty Trust in the 2nd quarter worth approximately $40,318,000. Institutional investors own 97.82% of the company's stock.

United Dominion Realty Trust Stock Performance

United Dominion Realty Trust stock opened at $33.89 on Monday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.01. The firm has a market cap of $10.89 billion, a P/E ratio of 21.59, a P/E/G ratio of 8.64 and a beta of 0.70. United Dominion Realty Trust, Inc. has a 1-year low of $32.94 and a 1-year high of $42.00. The firm has a 50-day moving average of $37.66 and a 200-day moving average of $37.20.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. United Dominion Realty Trust had a return on equity of 16.56% and a net margin of 30.43%.The firm had revenue of $425.40 million for the quarter, compared to analyst estimates of $423.35 million. During the same period last year, the company earned $0.64 EPS. The business's quarterly revenue was up .0% compared to the same quarter last year. 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. Sell-side analysts expect that United Dominion Realty Trust, Inc. will post 2.53 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on UDR. Evercore reaffirmed an "outperform" rating on shares of United Dominion Realty Trust in a report on Monday, June 8th. Jefferies Financial Group raised shares of United Dominion Realty Trust to a "strong-buy" rating in a research note on Wednesday, July 22nd. Wall Street Zen upgraded shares of United Dominion Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, August 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of United Dominion Realty Trust in a research note on Wednesday, June 24th. Finally, Morgan Stanley decreased their price objective on United Dominion Realty Trust from $44.50 to $42.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 12th. One research 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $41.03.

About United Dominion Realty Trust

United Dominion Realty Trust, Inc NYSE: UDR is a real estate investment trust focused on the ownership, acquisition, development, redevelopment and management of multifamily apartment communities. The company generates revenue primarily by leasing residential units to individuals and families.

Founded in 1972, UDR provides rental housing under its apartment community brands and supports residents through property management and related services. Its portfolio includes conventional apartment communities as well as properties offering amenities and technology-enabled services intended to enhance the resident experience.

UDR operates in selected metropolitan markets across the United States, with a focus on areas characterized by employment growth, household formation and sustained demand for rental housing.

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