Cibc World Market Inc. Purchases New Shares in United Dominion Realty Trust, Inc. $UDR

Key Points

• Cibc World Market Inc. purchased 133,777 shares of United Dominion Realty Trust in the second quarter, valued at approximately $5.34 million. Institutional investors collectively own 97.82% of UDR’s outstanding stock.
• UDR reported quarterly EPS of $0.21, exceeding analyst expectations of $0.13, while revenue reached $425.4 million. The company also authorized a repurchase of up to 25 million shares.
• Analyst sentiment remains mixed, with UDR holding a consensus “Hold” rating and an average price target of $41.66. Meanwhile, CEO Thomas W. Toomey sold 80,000 shares for roughly $3.14 million.

Cibc World Market Inc. bought a new stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 133,777 shares of the real estate investment trust's stock, valued at approximately $5,340,000.

Several other hedge funds have also recently modified their holdings of UDR. Addison Advisors LLC purchased a new stake in shares of United Dominion Realty Trust during the second quarter worth $58,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of United Dominion Realty Trust in the second quarter valued at about $75,000. Allworth Financial LP purchased a new position in shares of United Dominion Realty Trust in the second quarter worth about $106,000. Westpac Banking Corp purchased a new position in shares of United Dominion Realty Trust in the second quarter worth about $114,000. Finally, Global Retirement Partners LLC acquired a new position in United Dominion Realty Trust during the second quarter worth about $187,000. Institutional investors and hedge funds own 97.82% of the company's stock.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 80,000 shares of the business's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $39.25, for a total value of $3,140,000.00. Following the completion of the sale, the chief executive officer directly owned 810,455 shares of the company's stock, valued at approximately $31,810,358.75. The trade was a 8.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.82% of the stock is currently owned by company insiders.

United Dominion Realty Trust Trading Down 0.5%

UDR opened at $38.19 on Wednesday. The business has a fifty day moving average price of $38.94 and a 200 day moving average price of $37.46. The company has a debt-to-equity ratio of 2.01, a current ratio of 4.22 and a quick ratio of 4.22. United Dominion Realty Trust, Inc. has a 12 month low of $32.94 and a 12 month high of $42.00. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 9.78 and a beta of 0.70.

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 for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. The business had revenue of $425.40 million for the quarter, compared to analyst estimates of $423.35 million. During the same period last year, the business earned $0.64 EPS. The company's revenue was up .0% on a year-over-year basis. 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. Sell-side analysts expect that United Dominion Realty Trust, Inc. will post 2.53 earnings per share for the current fiscal year.

United Dominion Realty Trust declared that its Board of Directors has authorized a stock repurchase plan on Monday, May 4th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

UDR has been the subject of several analyst reports. Jefferies Financial Group raised shares of United Dominion Realty Trust to a "strong-buy" rating in a research note on Wednesday, July 22nd. Mizuho upped their price objective on United Dominion Realty Trust from $39.00 to $41.00 and gave the company a "neutral" rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. increased their price objective on 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. Evercore reissued an "outperform" rating on shares of United Dominion Realty Trust in a research note on Monday, June 8th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of United Dominion Realty Trust in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, United Dominion Realty Trust presently has an average rating of "Hold" and a consensus price target of $41.66.

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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