Hsbc Holdings PLC Acquires New Position in United Dominion Realty Trust, Inc. $UDR

Hsbc Holdings PLC bought a new position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,009,608 shares of the real estate investment trust's stock, valued at approximately $40,318,000. Hsbc Holdings PLC owned about 0.31% of United Dominion Realty Trust as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of United Dominion Realty Trust during the second quarter valued at approximately $219,560,000. Legal & General Group Plc bought a new position in United Dominion Realty Trust in the 2nd quarter valued at approximately $78,688,000. The Manufacturers Life Insurance Company bought a new position in United Dominion Realty Trust in the 2nd quarter valued at approximately $9,457,000. Manning & Napier Advisors LLC purchased a new stake in United Dominion Realty Trust during the 2nd quarter valued at $7,553,000. Finally, Cetera Trust Company N.A bought a new stake in shares of United Dominion Realty Trust in the 2nd quarter worth $208,000. 97.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UDR has been the topic of a number of research analyst reports. Mizuho upped their price target on United Dominion Realty Trust from $39.00 to $41.00 and gave the company a "neutral" rating in a report on Wednesday, June 10th. Wells Fargo & Company lifted their price objective on United Dominion Realty Trust from $43.00 to $44.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. Truist Financial lowered United Dominion Realty Trust from a "buy" rating to a "hold" rating and set a $41.00 target price for the company. in a research report on Wednesday, July 8th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $38.00 price target on shares of United Dominion Realty Trust in a report on Thursday, July 30th. Finally, Scotiabank lifted their price target on shares of United Dominion Realty Trust from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $41.66.

Insider Activity

In related news, CEO Thomas W. Toomey sold 80,000 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $39.25, for a total value of $3,140,000.00. Following the transaction, the chief executive officer owned 810,455 shares of the company's stock, valued at approximately $31,810,358.75. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.82% of the company's stock.

United Dominion Realty Trust Stock Performance

Shares of UDR opened at $37.97 on Thursday. The company has a debt-to-equity ratio of 2.01, a current ratio of 4.22 and a quick ratio of 4.22. United Dominion Realty Trust, Inc. has a one year low of $32.94 and a one year high of $42.00. The firm has a market capitalization of $12.20 billion, a P/E ratio of 24.18, a PEG ratio of 9.72 and a beta of 0.70. The business has a fifty day moving average of $38.95 and a 200 day moving average of $37.46.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its earnings results on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. The company had revenue of $425.40 million for the quarter, compared to the consensus estimate of $423.35 million. United Dominion Realty Trust had a return on equity of 16.56% and a net margin of 30.43%.United Dominion Realty Trust's revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. United Dominion Realty Trust has set its FY 2026 guidance at 2.490-2.570 EPS and its Q3 2026 guidance at 0.640-0.640 EPS. As a group, sell-side analysts anticipate that United Dominion Realty Trust, Inc. will post 2.53 EPS for the current year.

United Dominion Realty Trust declared that its Board of Directors has authorized a stock buyback program on Monday, May 4th that allows the company to buyback 25,000,000 outstanding shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

United Dominion Realty Trust Company Profile

United Dominion Realty Trust NYSE: UDR is a publicly traded real estate investment trust specializing in the ownership, management, acquisition, development and redevelopment of multifamily apartment communities. The company's core focus is on Class A and Class A–plus residential properties, offering a diverse portfolio designed to meet the evolving needs of renters. UDR employs a full-service management platform to oversee daily operations, property maintenance, leasing, and resident services, ensuring consistency and quality across its holdings.

UDR's business activities encompass ground-up development, strategic property redevelopment, and selective acquisitions.

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