Goldman Sachs Group Inc. Decreases Stake in 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. decreased its position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,291,729 shares of the real estate investment trust's stock after selling 261,303 shares during the period. Goldman Sachs Group Inc. owned about 0.69% of United Dominion Realty Trust worth $103,517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in United Dominion Realty Trust by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 51,023,940 shares of the real estate investment trust's stock valued at $2,304,751,000 after buying an additional 214,209 shares during the last quarter. Invesco Ltd. grew its holdings in United Dominion Realty Trust by 21.5% in the first quarter. Invesco Ltd. now owns 9,155,231 shares of the real estate investment trust's stock worth $413,542,000 after purchasing an additional 1,619,997 shares during the period. Northern Trust Corp grew its holdings in shares of United Dominion Realty Trust by 0.7% during the first quarter. Northern Trust Corp now owns 4,886,672 shares of the real estate investment trust's stock valued at $220,731,000 after buying an additional 32,693 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in United Dominion Realty Trust by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,436,208 shares of the real estate investment trust's stock worth $200,384,000 after purchasing an additional 69,154 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of United Dominion Realty Trust by 3.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,207,420 shares of the real estate investment trust's stock valued at $139,234,000 after purchasing an additional 120,456 shares during the period. 97.82% of the stock is owned by institutional investors.

United Dominion Realty Trust Price Performance

Shares of UDR traded down $0.04 during midday trading on Thursday, reaching $37.27. The stock had a trading volume of 1,691,641 shares, compared to its average volume of 2,324,747. The firm's 50 day moving average price is $39.06 and its 200-day moving average price is $40.89. The company has a market capitalization of $12.35 billion, a P/E ratio of 98.08, a P/E/G ratio of 9.34 and a beta of 0.88. 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, Inc. has a 52 week low of $36.61 and a 52 week high of $46.62.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 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 business's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous 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, analysts forecast that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current fiscal year.

United Dominion Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.6%. United Dominion Realty Trust's dividend payout ratio is presently 452.63%.

Wall Street Analyst Weigh In

Several research analysts have commented on UDR shares. Truist Financial decreased their price objective on shares of United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating for the company in a report on Tuesday, August 26th. Wells Fargo & Company lowered their target price on shares of United Dominion Realty Trust from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Wall Street Zen downgraded shares of United Dominion Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Scotiabank reduced their target price on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating for the company in a research note on Friday, June 13th. Finally, Barclays cut 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 note on Tuesday, August 12th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $44.38.

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.