United Dominion Realty Trust, Inc. (NYSE:UDR) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,724 shares of the real estate investment trust's stock after acquiring an additional 16,001 shares during the quarter. Envestnet Asset Management Inc.'s holdings in United Dominion Realty Trust were worth $7,124,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in United Dominion Realty Trust by 0.4% during the 4th 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 acquiring an additional 180,551 shares during the last quarter. Norges Bank acquired a new position in United Dominion Realty Trust in the fourth quarter worth about $1,273,442,000. Capital Research Global Investors increased its holdings in United Dominion Realty Trust by 64.1% in 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 increased its holdings 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 valued at $546,639,000 after buying an additional 1,191,432 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in 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 valued at $343,129,000 after buying an additional 220,293 shares in the last quarter. Hedge funds and other institutional investors own 97.82% of the company's stock.

United Dominion Realty Trust Price Performance

Shares of NYSE:UDR traded down $0.09 during trading on Friday, reaching $40.43. The company had a trading volume of 1,397,251 shares, compared to its average volume of 1,824,013. The firm's fifty day moving average is $40.89 and its 200 day moving average is $41.85. 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 firm has a market capitalization of $13.39 billion, a PE ratio of 115.50, a price-to-earnings-growth ratio of 13.51 and a beta of 0.82. United Dominion Realty Trust, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55.

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 earnings per share for the quarter, hitting analysts' consensus estimates of $0.61. The firm had revenue of $419.84 million during the quarter, compared to the consensus estimate of $421.23 million. United Dominion Realty Trust had a return on equity of 3.73% and a net margin of 7.33%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. On average, equities analysts forecast that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Thursday, July 10th. United Dominion Realty Trust's payout ratio is currently 491.43%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UDR. Barclays lifted their target price on United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Scotiabank dropped their target price on shares of 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. UBS Group decreased their price target 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, July 15th. Royal Bank Of Canada boosted their price objective 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. Finally, Evercore ISI set a $46.00 target price on shares of United Dominion Realty Trust and gave the stock an "outperform" rating in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, United Dominion Realty Trust has a consensus rating of "Hold" and an average target price of $46.07.

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.