Citigroup Inc. Has $17.58 Million Stock Holdings in United Dominion Realty Trust, Inc. $UDR

Citigroup Inc. lifted its stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 37.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 389,139 shares of the real estate investment trust's stock after acquiring an additional 106,003 shares during the quarter. Citigroup Inc. owned approximately 0.12% of United Dominion Realty Trust worth $17,577,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of UDR. Wells Fargo & Company MN increased its position in shares of United Dominion Realty Trust by 3.5% during the 4th quarter. Wells Fargo & Company MN now owns 81,458 shares of the real estate investment trust's stock worth $3,536,000 after purchasing an additional 2,737 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of United Dominion Realty Trust during the 4th quarter worth approximately $22,662,000. Townsquare Capital LLC increased its position in shares of United Dominion Realty Trust by 4.8% during the 4th quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 237 shares during the last quarter. Barclays PLC increased its position in shares of United Dominion Realty Trust by 21.0% during the 4th quarter. Barclays PLC now owns 745,619 shares of the real estate investment trust's stock worth $32,367,000 after purchasing an additional 129,350 shares during the last quarter. Finally, Mariner LLC increased its position in United Dominion Realty Trust by 5.0% during the fourth quarter. Mariner LLC now owns 29,960 shares of the real estate investment trust's stock worth $1,300,000 after buying an additional 1,422 shares during the last quarter. Institutional investors and hedge funds own 97.82% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Evercore ISI lowered their price target on United Dominion Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Scotiabank lowered their price target on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Friday, June 13th. Piper Sandler reissued a "neutral" rating and set a $43.00 price target (down previously from $48.00) on shares of United Dominion Realty Trust in a research report on Monday, August 4th. Barclays lowered their price target on United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Finally, UBS Group lowered their price target on United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $45.23.

United Dominion Realty Trust Price Performance

NYSE:UDR traded down $0.18 during trading hours on Monday, reaching $38.34. 290,405 shares of the company were exchanged, compared to its average volume of 2,227,856. The company has a market capitalization of $12.70 billion, a P/E ratio of 100.88, a P/E/G ratio of 9.64 and a beta of 0.84. United Dominion Realty Trust, Inc. has a 1-year low of $36.61 and a 1-year 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 business has a 50 day moving average of $40.24 and a 200 day moving average of $41.62.

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

United Dominion Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.5%. United Dominion Realty Trust's dividend payout ratio is currently 452.63%.

United Dominion Realty Trust 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.