Dimensional Fund Advisors LP Sells 35,754 Shares of United Dominion Realty Trust, Inc. $UDR

Key Points

• Dimensional Fund Advisors LP reduced its stake in United Dominion Realty Trust (UDR) by 0.8%, holding approximately 1.43% of the company's shares worth $213.25 million.
• United Dominion Realty Trust recently declared a quarterly dividend of $0.43 per share, resulting in an annualized dividend of $1.72 and a yield of 4.5%.
• Analysts maintain a consensus rating of "Hold" for UDR, with a price target averaging around $45.23, reflecting mixed sentiments on the stock's future performance.

Dimensional Fund Advisors LP lowered its stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 0.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,721,278 shares of the real estate investment trust's stock after selling 35,754 shares during the quarter. Dimensional Fund Advisors LP owned 1.43% of United Dominion Realty Trust worth $213,253,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Ground Swell Capital LLC purchased a new position in shares of United Dominion Realty Trust during the first quarter valued at approximately $214,000. National Pension Service increased its stake in shares of United Dominion Realty Trust by 2,553.5% during the first quarter. National Pension Service now owns 1,141 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 1,098 shares during the period. Russell Investments Group Ltd. increased its stake in shares of United Dominion Realty Trust by 5.2% during the first quarter. Russell Investments Group Ltd. now owns 949,643 shares of the real estate investment trust's stock valued at $42,895,000 after buying an additional 46,963 shares during the period. Resona Asset Management Co. Ltd. increased its stake in shares of United Dominion Realty Trust by 9.0% during the first quarter. Resona Asset Management Co. Ltd. now owns 181,413 shares of the real estate investment trust's stock valued at $8,110,000 after buying an additional 14,948 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of United Dominion Realty Trust by 4.0% during the first quarter. HighTower Advisors LLC now owns 47,759 shares of the real estate investment trust's stock valued at $2,157,000 after buying an additional 1,834 shares during the period. 97.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UDR has been the topic of several research analyst reports. Mizuho reduced their target price on United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Royal Bank Of Canada upped their price target on United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Piper Sandler reaffirmed a "neutral" rating and issued a $43.00 price target (down from $48.00) on shares of United Dominion Realty Trust in a research note on Monday, August 4th. Barclays reduced 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 note on Tuesday, August 12th. Finally, UBS Group reduced 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 note on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, United Dominion Realty Trust currently has an average rating of "Hold" and an average price target of $45.23.

United Dominion Realty Trust Stock Up 1.6%

UDR stock traded up $0.6070 during trading on Friday, hitting $39.1670. 2,522,316 shares of the stock traded hands, compared to its average volume of 2,410,613. United Dominion Realty Trust, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55. The firm's 50 day moving average is $39.95 and its two-hundred day moving average is $41.50. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 103.07, a price-to-earnings-growth ratio of 9.80 and a beta of 0.84. The company has a debt-to-equity ratio of 1.76, a current ratio of 5.22 and a quick ratio of 5.22.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The firm 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 company's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. United Dominion Realty Trust has set its Q3 2025 guidance at 0.620-0.640 EPS. FY 2025 guidance at 2.490-2.550 EPS. On average, sell-side analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

United Dominion Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio is presently 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.