Groupe la Francaise Makes New Investment in United Dominion Realty Trust, Inc. $UDR

Key Points

• Groupe la Francaise has acquired a new position in United Dominion Realty Trust, Inc. (UDR), purchasing 13,076 shares valued at approximately $578,000 in the first quarter of 2023.
• A majority of institutional investors own 97.82% of UDR's stock, indicating strong institutional support for the company.
• Analysts have recently adjusted their target prices for UDR, with Barclays lowering its target from $51 to $48, while the consensus rating for the company remains a "Hold" with an average target price of $45.23.

Groupe la Francaise acquired a new position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,076 shares of the real estate investment trust's stock, valued at approximately $578,000.

A number of other hedge funds also recently modified their holdings of the company. GF Fund Management CO. LTD. lifted its position in shares of United Dominion Realty Trust by 4.3% in the 1st quarter. GF Fund Management CO. LTD. now owns 5,937 shares of the real estate investment trust's stock worth $268,000 after acquiring an additional 243 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of United Dominion Realty Trust by 4.5% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,864 shares of the real estate investment trust's stock worth $355,000 after acquiring an additional 336 shares during the period. Continuum Advisory LLC lifted its position in shares of United Dominion Realty Trust by 38.0% in the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 351 shares during the period. Integrity Wealth Solutions LLC lifted its position in shares of United Dominion Realty Trust by 5.6% in the 1st quarter. Integrity Wealth Solutions LLC now owns 6,766 shares of the real estate investment trust's stock worth $306,000 after acquiring an additional 357 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of United Dominion Realty Trust by 47.8% in the 1st quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust's stock worth $61,000 after acquiring an additional 434 shares during the period. Institutional investors own 97.82% of the company's stock.

Analyst Ratings Changes

UDR has been the subject of a number of recent research reports. 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 report on Tuesday, August 12th. Morgan Stanley dropped their target price 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. Piper Sandler reissued a "neutral" rating and issued a $43.00 target price (down from $48.00) on shares of United Dominion Realty Trust in a report on Monday, August 4th. UBS Group dropped their target price 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. Finally, Evercore ISI dropped their target price on United Dominion Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $45.23.

United Dominion Realty Trust Trading Up 1.6%

UDR stock opened at $39.1670 on Monday. The business has a fifty day moving average price of $39.95 and a 200 day moving average price of $41.50. United Dominion Realty Trust, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55. The stock has a market capitalization of $12.98 billion, a price-to-earnings ratio of 103.07, a P/E/G 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 released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share 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 last year, the firm posted $0.62 EPS. The business'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. Analysts expect that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors 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 yield of 4.4%. The ex-dividend date of this dividend was Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio (DPR) is currently 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.

Want to see what other hedge funds are holding UDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.