Groupe la Francaise Takes $578,000 Position 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 stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) during the first quarter, according to 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.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management boosted its position in shares of United Dominion Realty Trust by 3,079.2% during the 1st quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 739 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of United Dominion Realty Trust during the 1st quarter worth $47,000. Horizon Financial Services LLC purchased a new stake in shares of United Dominion Realty Trust during the 1st quarter worth $51,000. National Pension Service boosted its position in shares of United Dominion Realty Trust by 2,553.5% during the 1st quarter. National Pension Service now owns 1,141 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 1,098 shares in the last quarter. Finally, Continuum Advisory LLC boosted its position in shares of United Dominion Realty Trust by 38.0% during the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 351 shares in the last quarter. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Scotiabank decreased 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 research report on Friday, June 13th. UBS Group decreased their target price on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Morgan Stanley decreased their target price on shares of United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating on the stock in a research report on Wednesday, August 13th. Piper Sandler restated a "neutral" rating and set a $43.00 target price (down from $48.00) on shares of United Dominion Realty Trust in a research report on Monday, August 4th. Finally, Royal Bank Of Canada boosted their price objective on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $44.83.

United Dominion Realty Trust Price Performance

UDR stock traded up $0.60 during trading on Friday, hitting $39.60. The stock had a trading volume of 2,551,720 shares, compared to its average volume of 2,032,261. The company's 50 day moving average price is $39.74 and its two-hundred day moving average price is $41.38. United Dominion Realty Trust, Inc. has a 1-year low of $36.61 and a 1-year high of $47.55. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 104.20, a price-to-earnings-growth ratio of 9.91 and a beta of 0.84. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. The firm had revenue of $423.00 million during the quarter, compared to the consensus estimate of $422.64 million. During the same quarter in the previous year, the company posted $0.62 EPS. The firm's revenue for the quarter 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. On average, sell-side analysts forecast that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.3%. United Dominion Realty Trust's payout ratio is presently 452.63%.

About United Dominion Realty Trust

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.