Connor Clark & Lunn Investment Management Ltd. bought a new position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 519,196 shares of the real estate investment trust's stock, valued at approximately $20,726,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.16% of United Dominion Realty Trust at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Addison Advisors LLC bought a new position in shares of United Dominion Realty Trust in the second quarter worth approximately $58,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of United Dominion Realty Trust during the 2nd quarter valued at $75,000. Allworth Financial LP bought a new stake in shares of United Dominion Realty Trust during the 2nd quarter valued at $106,000. Westpac Banking Corp purchased a new position in shares of United Dominion Realty Trust during the 2nd quarter valued at $114,000. Finally, Global Retirement Partners LLC purchased a new position in shares of United Dominion Realty Trust during the 2nd quarter valued at $187,000. Hedge funds and other institutional investors own 97.82% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on UDR. Royal Bank Of Canada raised their price target on United Dominion Realty Trust from $37.00 to $38.00 and gave the company a "sector perform" rating in a report on Wednesday, May 6th. Truist Financial downgraded United Dominion Realty Trust from a "buy" rating to a "hold" rating and set a $41.00 target price on the stock. in a research note on Wednesday, July 8th. Citigroup lowered their price target on United Dominion Realty Trust from $42.00 to $40.50 and set a "neutral" rating on the stock in a report on Wednesday, May 6th. Morgan Stanley dropped their price target on United Dominion Realty Trust from $44.50 to $42.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 12th. Finally, Barclays lifted their price objective on shares of United Dominion Realty Trust from $41.00 to $46.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $41.66.
View Our Latest Analysis on UDR
United Dominion Realty Trust Trading Down 0.5%
Shares of UDR stock opened at $38.19 on Wednesday. United Dominion Realty Trust, Inc. has a 12-month low of $32.94 and a 12-month high of $42.00. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.01. The stock's 50-day moving average price is $38.94 and its 200-day moving average price is $37.46. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 9.78 and a beta of 0.70.
United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its earnings results 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 company had revenue of $425.40 million for the quarter, compared to the consensus estimate of $423.35 million. During the same period in the previous year, the business earned $0.64 earnings per share. The firm's revenue for the quarter 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. Equities research analysts predict that United Dominion Realty Trust, Inc. will post 2.53 EPS for the current fiscal year.
United Dominion Realty Trust announced that its Board of Directors has authorized a stock repurchase program on Monday, May 4th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.
Insider Activity
In other news, CEO Thomas W. Toomey sold 80,000 shares of the company's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $39.25, for a total transaction of $3,140,000.00. Following the sale, the chief executive officer directly owned 810,455 shares of the company's stock, valued at $31,810,358.75. This represents a 8.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.82% of the stock is owned by company insiders.
United Dominion Realty Trust Company Profile
(
Free Report)
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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