CPA Asset Management LLC Sells 6,690 Shares of United Dominion Realty Trust, Inc. (NYSE:UDR)

CPA Asset Management LLC reduced its stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 19.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,962 shares of the real estate investment trust's stock after selling 6,690 shares during the period. United Dominion Realty Trust accounts for approximately 0.6% of CPA Asset Management LLC's portfolio, making the stock its 27th biggest holding. CPA Asset Management LLC's holdings in United Dominion Realty Trust were worth $1,263,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Yousif Capital Management LLC lifted its position in shares of United Dominion Realty Trust by 35.1% during the 1st quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust's stock worth $2,968,000 after purchasing an additional 17,061 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of United Dominion Realty Trust by 45.7% during the fourth quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust's stock worth $22,249,000 after buying an additional 160,708 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of United Dominion Realty Trust by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust's stock valued at $189,574,000 after acquiring an additional 95,022 shares during the period. Renaissance Technologies LLC grew its stake in shares of United Dominion Realty Trust by 27.7% in the fourth quarter. Renaissance Technologies LLC now owns 661,436 shares of the real estate investment trust's stock worth $28,713,000 after acquiring an additional 143,600 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of United Dominion Realty Trust by 24.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 299,351 shares of the real estate investment trust's stock worth $12,995,000 after acquiring an additional 59,725 shares during the last quarter. 97.84% of the stock is currently owned by institutional investors.

United Dominion Realty Trust Trading Up 0.4%

Shares of UDR opened at $41.13 on Friday. The stock has a fifty day moving average price of $41.42 and a two-hundred day moving average price of $42.38. The company has a debt-to-equity ratio of 1.77, a quick ratio of 8.35 and a current ratio of 8.35. The company has a market cap of $13.62 billion, a price-to-earnings ratio of 117.50, a PEG ratio of 13.70 and a beta of 0.83. United Dominion Realty Trust, Inc. has a 52-week low of $36.61 and a 52-week high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.61. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. The business had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. During the same quarter in the prior year, the company earned $0.61 EPS. The firm's quarterly revenue was up 2.0% on a year-over-year basis. Analysts predict that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio (DPR) is presently 491.43%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays upped their target price on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Truist Financial lowered shares of United Dominion Realty Trust from a "buy" rating to a "hold" rating and upped their price objective for the company from $45.00 to $46.00 in a research report on Monday, March 10th. Royal Bank Of Canada boosted their price target on United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Mizuho cut their price target on United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Finally, Scotiabank decreased their price objective on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a report on Friday, June 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $46.38.

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.

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