United Dominion Realty Trust, Inc. (NYSE:UDR) Position Reduced by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its holdings in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,038 shares of the real estate investment trust's stock after selling 13,455 shares during the period. DekaBank Deutsche Girozentrale owned about 0.06% of United Dominion Realty Trust worth $8,661,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Townsquare Capital LLC increased its stake in United Dominion Realty Trust by 4.8% during the fourth quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock valued at $225,000 after purchasing an additional 237 shares during the last quarter. GF Fund Management CO. LTD. increased its stake in United Dominion Realty Trust by 4.3% during the first quarter. GF Fund Management CO. LTD. now owns 5,937 shares of the real estate investment trust's stock valued at $268,000 after purchasing an additional 243 shares during the last quarter. Continuum Advisory LLC boosted its holdings in shares of United Dominion Realty Trust by 38.0% during the fourth quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 351 shares during the period. Integrity Wealth Solutions LLC boosted its holdings in shares of United Dominion Realty Trust by 5.6% during the first quarter. Integrity Wealth Solutions LLC now owns 6,766 shares of the real estate investment trust's stock valued at $306,000 after acquiring an additional 357 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of United Dominion Realty Trust by 47.8% during the first quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust's stock valued at $61,000 after acquiring an additional 434 shares during the period. Institutional investors own 97.84% of the company's stock.

United Dominion Realty Trust Price Performance

NYSE UDR traded down $0.12 on Friday, reaching $40.37. The company's stock had a trading volume of 1,193,921 shares, compared to its average volume of 2,178,706. United Dominion Realty Trust, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55. 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 stock has a market cap of $13.37 billion, a PE ratio of 115.34, a PEG ratio of 13.47 and a beta of 0.82. The firm's 50 day moving average is $41.21 and its two-hundred day moving average is $41.99.

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 for the quarter, meeting analysts' consensus estimates of $0.61. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. The company had revenue of $419.84 million during the quarter, compared to the consensus estimate of $421.23 million. During the same period in the prior year, the company earned $0.61 EPS. United Dominion Realty Trust's revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts predict that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Thursday, July 10th. United Dominion Realty Trust's payout ratio is 491.43%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UDR shares. Evercore ISI set a $46.00 price target on shares of United Dominion Realty Trust and gave the company an "outperform" rating in a report on Monday, July 7th. Royal Bank Of Canada boosted their price target on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Barclays boosted their price target on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Scotiabank reduced their price target on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating for the company in a report on Friday, June 13th. Finally, Mizuho reduced their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $46.44.

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.