Jefferies Financial Group Inc. Takes Position in United Dominion Realty Trust, Inc. (NYSE:UDR)

Jefferies Financial Group Inc. acquired a new position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,793 shares of the real estate investment trust's stock, valued at approximately $352,000.

Other large investors have also recently made changes to their positions in the company. Townsquare Capital LLC grew its holdings in United Dominion Realty Trust by 4.8% during the 4th quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock worth $225,000 after acquiring an additional 237 shares in the last quarter. GF Fund Management CO. LTD. lifted its position in shares of United Dominion Realty Trust by 4.3% during 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 purchasing an additional 243 shares during the last quarter. Continuum Advisory LLC lifted 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 during the last quarter. Integrity Wealth Solutions LLC grew its stake in shares of United Dominion Realty Trust by 5.6% during the first quarter. Integrity Wealth Solutions LLC now owns 6,766 shares of the real estate investment trust's stock worth $306,000 after purchasing an additional 357 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in United Dominion Realty Trust by 47.8% in the first quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 434 shares during the last quarter. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on UDR shares. Barclays lifted their price target on United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Piper Sandler reissued a "neutral" rating and set a $43.00 target price (down previously from $48.00) on shares of United Dominion Realty Trust in a research report on Monday. UBS Group lowered their price target 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. Scotiabank dropped their price target 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 note on Friday, June 13th. 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $45.57.

United Dominion Realty Trust Stock Up 1.2%

UDR stock opened at $38.81 on Friday. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 102.12, a price-to-earnings-growth ratio of 9.60 and a beta of 0.84. The company has a fifty day moving average price of $40.61 and a 200 day moving average price of $41.73. 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 12 month low of $36.61 and a 12 month high of $47.55.

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 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $423.00 million during the quarter, compared to analysts' expectations of $422.64 million. During the same period in the prior year, the company earned $0.62 earnings per share. The business's revenue was up 2.4% compared to the same quarter last year. Sell-side analysts expect that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio (DPR) is 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.

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