Boothbay Fund Management LLC Acquires 148,644 Shares of United Dominion Realty Trust, Inc. $UDR

Key Points

• Boothbay Fund Management LLC significantly increased its stake in United Dominion Realty Trust, owning 154,621 shares valued at $6.98 million after a 2,486.9% increase during the first quarter.
• United Dominion Realty Trust reported $0.64 EPS for the last quarter, slightly exceeding expectations, with revenue up 2.4% year-over-year at $423 million.
• The company announced a quarterly dividend of $0.43 per share, yielding 4.5%, despite a high dividend payout ratio of 452.63%.

Boothbay Fund Management LLC boosted its holdings in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 2,486.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 154,621 shares of the real estate investment trust's stock after purchasing an additional 148,644 shares during the quarter. Boothbay Fund Management LLC's holdings in United Dominion Realty Trust were worth $6,984,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Beaird Harris Wealth Management LLC purchased a new position in shares of United Dominion Realty Trust in the first quarter worth approximately $28,000. Spire Wealth Management boosted its position in shares of United Dominion Realty Trust by 3,079.2% during the first quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 739 shares during the period. Sentry Investment Management LLC purchased a new position in shares of United Dominion Realty Trust during the first quarter worth approximately $47,000. Horizon Financial Services LLC purchased a new stake in shares of United Dominion Realty Trust in the 1st quarter worth approximately $51,000. Finally, National Pension Service grew its position in shares of United Dominion Realty Trust by 2,553.5% in the 1st quarter. National Pension Service now owns 1,141 shares of the real estate investment trust's stock worth $52,000 after buying an additional 1,098 shares during the last quarter. Hedge funds and other institutional investors own 97.82% of the company's stock.

Analysts Set New Price Targets

UDR has been the subject of a number of recent research reports. Wall Street Zen lowered shares of United Dominion Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Wells Fargo & Company reduced their target price on United Dominion Realty Trust from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 27th. Truist Financial reduced their target price on shares of United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating on the stock in a report on Tuesday, August 26th. Morgan Stanley lowered their price target on shares of United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating for the company in a report on Wednesday, August 13th. Finally, UBS Group decreased their price objective on United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $44.97.

United Dominion Realty Trust Stock Performance

Shares of NYSE UDR traded down $0.36 during midday trading on Monday, hitting $38.74. 2,353,738 shares of the company's stock were exchanged, compared to its average volume of 2,248,586. United Dominion Realty Trust, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55. The company has a debt-to-equity ratio of 1.76, a current ratio of 5.22 and a quick ratio of 5.22. The firm has a market cap of $12.83 billion, a P/E ratio of 101.94, a PEG ratio of 9.78 and a beta of 0.88. The stock's 50 day moving average price is $39.55 and its 200-day moving average price is $41.22.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $423.00 million during the quarter, compared to analyst estimates of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.The company's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. United Dominion Realty Trust has set its Q3 2025 guidance at 0.620-0.640 EPS. FY 2025 guidance at 2.490-2.550 EPS. Equities research analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

United Dominion Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were issued a dividend of $0.43 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.4%. United Dominion Realty Trust's dividend payout ratio (DPR) is presently 452.63%.

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.