BlackRock Inc. Takes $1.25 Billion Position in United Dominion Realty Trust, Inc. $UDR

BlackRock Inc. bought a new stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 31,250,868 shares of the real estate investment trust's stock, valued at approximately $1,247,535,000. BlackRock Inc. owned 9.73% of United Dominion Realty Trust as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UDR. Global Retirement Partners LLC purchased a new position in United Dominion Realty Trust in the 2nd quarter worth approximately $187,000. Empowered Funds LLC lifted its position in shares of United Dominion Realty Trust by 5.8% during the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust's stock worth $277,000 after purchasing an additional 337 shares in the last quarter. State of Wyoming purchased a new position in shares of United Dominion Realty Trust in the second quarter valued at $472,000. Jane Street Group LLC boosted its stake in shares of United Dominion Realty Trust by 35.0% in the first quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust's stock valued at $634,000 after purchasing an additional 3,637 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of United Dominion Realty Trust in the second quarter valued at $676,000. 97.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UDR. Wells Fargo & Company boosted their price objective on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. Truist Financial downgraded United Dominion Realty Trust from a "buy" rating to a "hold" rating and set a $41.00 target price for the company. in a research note on Wednesday, July 8th. Morgan Stanley dropped their target price on United Dominion Realty Trust from $44.50 to $42.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 12th. Scotiabank boosted their price target on United Dominion Realty Trust from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $44.00 price target on shares of United Dominion Realty Trust in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $41.66.

Insider Activity

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

United Dominion Realty Trust Stock Up 0.6%

Shares of United Dominion Realty Trust stock opened at $37.74 on Friday. 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 firm has a market cap of $12.12 billion, a P/E ratio of 24.04, a P/E/G ratio of 9.55 and a beta of 0.70. United Dominion Realty Trust, Inc. has a fifty-two week low of $32.94 and a fifty-two week high of $42.00. The business has a 50-day moving average price of $38.99 and a 200 day moving average price of $37.43.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $425.40 million for the quarter, compared to analysts' expectations of $423.35 million. United Dominion Realty Trust had a return on equity of 16.56% and a net margin of 30.43%.United Dominion Realty Trust's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. 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. On average, sell-side analysts forecast 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 of Directors has authorized a share repurchase plan on Monday, May 4th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

United Dominion Realty Trust Company Profile

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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