United Dominion Realty Trust, Inc. $UDR Shares Sold by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd has reduced its stake in United Dominion Realty Trust by 7.1%, now holding 128,960 shares worth approximately $5.83 million.
• Several hedge funds, including Vanguard Group and Invesco Ltd, have increased their positions in United Dominion Realty Trust during the first quarter of the year.
• Analysts have lowered their price targets for United Dominion Realty Trust, with the consensus now set at $44.73, reflecting a general rating of "Hold" for the stock.

IFM Investors Pty Ltd trimmed its holdings in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 128,960 shares of the real estate investment trust's stock after selling 9,870 shares during the quarter. IFM Investors Pty Ltd's holdings in United Dominion Realty Trust were worth $5,825,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position in United Dominion Realty Trust by 35.0% during the first quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust's stock valued at $634,000 after buying an additional 3,637 shares during the period. Bayforest Capital Ltd grew its position in United Dominion Realty Trust by 325.9% during the first quarter. Bayforest Capital Ltd now owns 5,413 shares of the real estate investment trust's stock valued at $245,000 after buying an additional 4,142 shares during the period. Woodline Partners LP boosted its position in shares of United Dominion Realty Trust by 173.0% in the first quarter. Woodline Partners LP now owns 1,421,023 shares of the real estate investment trust's stock worth $64,188,000 after purchasing an additional 900,504 shares during the period. Empowered Funds LLC boosted its position in shares of United Dominion Realty Trust by 5.8% in the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust's stock worth $277,000 after purchasing an additional 337 shares during the period. Finally, MBB Public Markets I LLC bought a new position in shares of United Dominion Realty Trust in the first quarter worth approximately $329,000. 97.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on UDR shares. BMO Capital Markets set a $44.00 price target on shares of United Dominion Realty Trust in a research report on Thursday, September 4th. UBS Group dropped their price target on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, July 15th. Scotiabank dropped their price target on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating for the company in a research report on Friday, June 13th. Morgan Stanley lowered 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 report on Wednesday, August 13th. Finally, 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. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $44.38.

United Dominion Realty Trust Stock Up 0.8%

Shares of UDR stock traded up $0.29 during mid-day trading on Wednesday, hitting $37.60. 505,229 shares of the stock traded hands, compared to its average volume of 2,241,428. The stock has a market cap of $12.46 billion, a P/E ratio of 99.13, a P/E/G ratio of 9.45 and a beta of 0.88. The stock's fifty day moving average is $39.19 and its two-hundred day moving average is $40.97. United Dominion Realty Trust, Inc. has a 52-week low of $36.61 and a 52-week high of $47.11. 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 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $423.00 million during the quarter, compared to analyst estimates of $422.64 million. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. The company's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm 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. Equities analysts predict that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

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.