Bessemer Group Inc. Has $1.14 Million Stock Position in United Dominion Realty Trust, Inc. (NYSE:UDR)

Bessemer Group Inc. decreased its stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 76.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,256 shares of the real estate investment trust's stock after selling 83,396 shares during the quarter. Bessemer Group Inc.'s holdings in United Dominion Realty Trust were worth $1,141,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Yousif Capital Management LLC increased its position in shares of United Dominion Realty Trust by 35.1% during the 1st quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust's stock worth $2,968,000 after purchasing an additional 17,061 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of United Dominion Realty Trust during the 1st quarter worth approximately $431,000. SG Americas Securities LLC increased its position in shares of United Dominion Realty Trust by 120.6% during the 1st quarter. SG Americas Securities LLC now owns 15,108 shares of the real estate investment trust's stock worth $682,000 after purchasing an additional 8,259 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of United Dominion Realty Trust by 25.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 27,882 shares of the real estate investment trust's stock worth $1,259,000 after purchasing an additional 5,634 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new position in shares of United Dominion Realty Trust during the 1st quarter worth approximately $274,000. Institutional investors and hedge funds own 97.84% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on UDR shares. Scotiabank reduced their target price on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating for the company in a research note on Friday, June 13th. Royal Bank Of Canada lifted their target price on United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Mizuho reduced their target price on United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Truist Financial downgraded United Dominion Realty Trust from a "buy" rating to a "hold" rating and lifted their target price for the stock from $45.00 to $46.00 in a research note on Monday, March 10th. Finally, Barclays lifted their target price on United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $46.38.

United Dominion Realty Trust Stock Performance

UDR opened at $40.69 on Monday. The business has a fifty day simple moving average of $41.43 and a 200 day simple moving average of $42.19. The company has a market capitalization of $13.48 billion, a PE ratio of 116.25, a price-to-earnings-growth ratio of 13.56 and a beta of 0.83. The company has a debt-to-equity ratio of 1.77, a current ratio of 8.35 and a quick ratio of 8.35. United Dominion Realty Trust, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55.

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 for the quarter, meeting analysts' consensus estimates of $0.61. The firm had revenue of $419.84 million during the quarter, compared to the consensus estimate of $421.23 million. United Dominion Realty Trust had a return on equity of 3.73% and a net margin of 7.33%. The company's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. Research analysts expect that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

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

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