United Dominion Realty Trust, Inc. $UDR Position Increased by Carronade Capital Management LP

Key Points

• Carronade Capital Management LP increased its holdings in United Dominion Realty Trust by 19.4%, now owning 232,627 shares worth approximately $10.51 million.
• United Dominion Realty Trust's recent quarterly earnings report showed an EPS of $0.64, beating estimates and reflecting a 2.4% year-over-year revenue growth.
• The company also declared a quarterly dividend of $0.43 per share, yielding 4.3%, despite a notably high payout ratio of 452.63%.

Carronade Capital Management LP raised its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 19.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 232,627 shares of the real estate investment trust's stock after buying an additional 37,775 shares during the period. United Dominion Realty Trust makes up about 0.6% of Carronade Capital Management LP's holdings, making the stock its 17th biggest holding. Carronade Capital Management LP owned approximately 0.07% of United Dominion Realty Trust worth $10,508,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky boosted its position in United Dominion Realty Trust by 4.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 23,191 shares of the real estate investment trust's stock valued at $1,048,000 after buying an additional 989 shares during the last quarter. Yousif Capital Management LLC boosted its position in United Dominion Realty Trust by 35.1% in the 1st quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust's stock valued at $2,968,000 after buying an additional 17,061 shares during the last quarter. Amalgamated Bank boosted its position in United Dominion Realty Trust by 1.6% in the 1st quarter. Amalgamated Bank now owns 59,947 shares of the real estate investment trust's stock valued at $2,708,000 after buying an additional 936 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in United Dominion Realty Trust in the 1st quarter valued at about $431,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in United Dominion Realty Trust by 7.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,581 shares of the real estate investment trust's stock valued at $523,000 after buying an additional 842 shares during the last quarter. 97.82% of the stock is owned by hedge funds and other institutional investors.

United Dominion Realty Trust Stock Performance

UDR traded up $0.41 on Thursday, hitting $38.80. 3,622,848 shares of the company's stock were exchanged, compared to its average volume of 2,246,606. The firm has a market cap of $12.85 billion, a PE ratio of 102.09, a P/E/G ratio of 9.91 and a beta of 0.88. United Dominion Realty Trust, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55. The stock has a fifty day moving average of $39.58 and a two-hundred day moving average of $41.27. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. The firm had revenue of $423.00 million for the quarter, compared to analyst estimates of $422.64 million. During the same quarter in the prior year, the business earned $0.62 earnings per share. United Dominion Realty Trust's quarterly revenue was up 2.4% on a year-over-year basis. 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. On average, research analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current fiscal year.

United Dominion Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UDR shares. Mizuho decreased their price objective on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Morgan Stanley cut their target price on shares of United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. Wells Fargo & Company cut their target price on shares of United Dominion Realty Trust from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 27th. Barclays cut their target price on shares of United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Finally, Piper Sandler restated a "neutral" rating and issued a $43.00 target price (down previously from $48.00) on shares of United Dominion Realty Trust in a research note on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, United Dominion Realty Trust has a consensus rating of "Hold" and a consensus price target of $45.04.

United Dominion Realty Trust Company Profile

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.