Canada Pension Plan Investment Board Makes New Investment in United Dominion Realty Trust, Inc. $UDR

Key Points

• Canada Pension Plan Investment Board acquired 5.5 million UDR shares worth approximately $219.6 million, giving it a 1.71% stake. Institutional investors and hedge funds collectively own 97.82% of the REIT.
• UDR exceeded quarterly earnings expectations, reporting $0.21 in EPS versus the $0.13 consensus estimate and $425.4 million in revenue. The company also authorized a buyback of up to 25 million shares.
• Analysts have a consensus “Hold” rating on UDR with a $41.66 price target, compared with a recent share price of $38.19. CEO Thomas W. Toomey separately sold 80,000 shares for $3.14 million.

Canada Pension Plan Investment Board bought a new stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,500,000 shares of the real estate investment trust's stock, valued at approximately $219,560,000. Canada Pension Plan Investment Board owned approximately 1.71% of United Dominion Realty Trust at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in United Dominion Realty Trust by 1.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,692 shares of the real estate investment trust's stock worth $2,741,000 after purchasing an additional 986 shares during the last quarter. Empowered Funds LLC grew its holdings in United Dominion Realty Trust by 5.8% in the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust's stock valued at $277,000 after purchasing an additional 337 shares during the last quarter. Jane Street Group LLC grew its holdings in 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 last quarter. GSA Capital Partners LLP purchased a new position in shares of United Dominion Realty Trust in the second quarter valued at $676,000. Finally, State of Wyoming purchased a new position in shares of United Dominion Realty Trust in the second quarter valued at $472,000. 97.82% of the stock is currently owned by institutional investors and hedge funds.

United Dominion Realty Trust Stock Down 0.5%

UDR opened at $38.19 on Wednesday. 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 $12.27 billion, a P/E ratio of 24.32, a PEG ratio of 9.78 and a beta of 0.70. United Dominion Realty Trust, Inc. has a 52 week low of $32.94 and a 52 week high of $42.00. The business's fifty day simple moving average is $38.94 and its 200 day simple moving average is $37.46.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.21 EPS 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 during the quarter, compared to analysts' expectations of $423.35 million. During the same quarter last year, the business posted $0.64 EPS. The firm'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. As a group, equities research analysts anticipate that United Dominion Realty Trust, Inc. will post 2.53 EPS for the current fiscal year.

United Dominion Realty Trust announced that its board has approved a stock buyback program on Monday, May 4th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

UDR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $44.00 price objective on shares of United Dominion Realty Trust in a research report on Friday, August 14th. Wells Fargo & Company raised their target price on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their target price on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 4th. Scotiabank increased their price target on shares of United Dominion Realty Trust from $38.00 to $41.00 and gave the company a "sector perform" rating in a research report on Thursday, July 9th. Finally, Mizuho raised their price objective on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $41.66.

Insider Activity at United Dominion Realty Trust

In other news, CEO Thomas W. Toomey sold 80,000 shares of United Dominion Realty Trust stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $39.25, for a total transaction of $3,140,000.00. Following the completion of the sale, the chief executive officer directly owned 810,455 shares in the company, valued at $31,810,358.75. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.82% of the stock is currently owned by company insiders.

United Dominion Realty Trust 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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