Goldman Sachs Group Inc. Sells 261,303 Shares of United Dominion Realty Trust, Inc. $UDR

Key Points

• Goldman Sachs Group Inc. reduced its stake in United Dominion Realty Trust by 10.2%, selling 261,303 shares and retaining 2,291,729 shares valued at approximately $103.5 million.
• United Dominion Realty Trust's stock price fell by 1.4%, with current trading around $38.36, and the company reported earnings of $0.64 per share, exceeding analysts' expectations.
• Equities analysts have recently adjusted their outlook on United Dominion Realty Trust, with several firms lowering target prices and varying ratings, indicating a cautious sentiment towards the stock.

Goldman Sachs Group Inc. lowered its position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 10.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,291,729 shares of the real estate investment trust's stock after selling 261,303 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.69% of United Dominion Realty Trust worth $103,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky raised its position in shares of United Dominion Realty Trust by 4.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,191 shares of the real estate investment trust's stock worth $1,048,000 after acquiring an additional 989 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of United Dominion Realty Trust by 35.1% during the first quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust's stock worth $2,968,000 after acquiring an additional 17,061 shares during the last quarter. Amalgamated Bank raised its position in shares of United Dominion Realty Trust by 1.6% during the first quarter. Amalgamated Bank now owns 59,947 shares of the real estate investment trust's stock worth $2,708,000 after acquiring an additional 936 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of United Dominion Realty Trust during the first quarter worth $431,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of United Dominion Realty Trust by 7.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,581 shares of the real estate investment trust's stock worth $523,000 after acquiring an additional 842 shares during the last quarter. Institutional investors own 97.82% of the company's stock.

United Dominion Realty Trust Stock Down 1.4%

NYSE:UDR opened at $38.36 on Friday. United Dominion Realty Trust, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 100.95, a PEG ratio of 9.74 and a beta of 0.88. The stock has a 50-day moving average price of $39.33 and a two-hundred day moving average price of $41.09.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its 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. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.The firm had revenue of $423.00 million during the quarter, compared to analysts' expectations of $422.64 million. During the same period in the previous year, the firm earned $0.62 earnings per share. The company's revenue was up 2.4% on a year-over-year basis. 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. As a group, equities analysts expect that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UDR shares. Barclays dropped their target price on United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Scotiabank dropped their price objective on 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. Morgan Stanley dropped their price objective on United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating for the company in a report on Wednesday, August 13th. Wall Street Zen downgraded United Dominion Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, UBS Group dropped their price objective on 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. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, United Dominion Realty Trust presently has an average rating of "Hold" and a consensus target price of $44.73.

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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