DekaBank Deutsche Girozentrale Has $8.66 Million Stock Position in United Dominion Realty Trust, Inc. (NYSE:UDR)

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

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of United Dominion Realty Trust by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust's stock valued at $2,205,650,000 after buying an additional 180,551 shares in the last quarter. Norges Bank acquired a new position in shares of United Dominion Realty Trust during the fourth quarter valued at about $1,273,442,000. Capital Research Global Investors raised its position in shares of United Dominion Realty Trust by 64.1% during the fourth quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust's stock valued at $566,940,000 after buying an additional 5,101,668 shares during the last quarter. FMR LLC raised its position in United Dominion Realty Trust by 10.5% in the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock worth $546,639,000 after purchasing an additional 1,191,432 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of United Dominion Realty Trust by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust's stock worth $343,129,000 after buying an additional 220,293 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

United Dominion Realty Trust Stock Performance

Shares of UDR stock traded down $0.40 during midday trading on Tuesday, hitting $39.96. The company had a trading volume of 2,251,275 shares, compared to its average volume of 2,175,484. The company has a debt-to-equity ratio of 1.77, a current ratio of 8.35 and a quick ratio of 8.35. United Dominion Realty Trust, Inc. has a 52-week low of $36.61 and a 52-week high of $47.55. The stock has a market cap of $13.24 billion, a price-to-earnings ratio of 114.17, a PEG ratio of 13.47 and a beta of 0.82. The company's 50 day simple moving average is $41.16 and its 200 day simple moving average is $41.96.

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

United Dominion Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, July 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.30%. United Dominion Realty Trust's payout ratio is presently 491.43%.

Analyst Ratings Changes

UDR has been the topic of a number of research analyst reports. Evercore ISI set a $46.00 price objective on shares of United Dominion Realty Trust and gave the stock an "outperform" rating in a report on Monday, July 7th. UBS Group cut their price objective on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday. Scotiabank cut 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. Mizuho lowered their price objective on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Finally, Royal Bank Of Canada upped 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 research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $46.00.

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.