KBC Group NV Has $5.23 Million Stock Holdings in United Dominion Realty Trust, Inc. (NYSE:UDR)

KBC Group NV lessened its holdings in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 59.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 115,815 shares of the real estate investment trust's stock after selling 168,612 shares during the period. KBC Group NV's holdings in United Dominion Realty Trust were worth $5,231,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UDR. Townsquare Capital LLC lifted its position in shares of 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 buying an additional 237 shares during the period. Continuum Advisory LLC grew its position in United Dominion Realty Trust by 38.0% in the fourth quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 351 shares during the period. Integrity Wealth Solutions LLC raised its stake in 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 acquiring an additional 357 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of United Dominion Realty Trust by 47.8% during 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 acquiring an additional 434 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of United Dominion Realty Trust by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 491 shares in the last quarter. Institutional investors own 97.84% of the company's stock.

United Dominion Realty Trust Trading Up 0.6%

Shares of UDR stock traded up $0.23 on Friday, reaching $40.80. 1,157,828 shares of the stock were exchanged, compared to its average volume of 2,181,831. The company has a debt-to-equity ratio of 1.77, a current ratio of 8.35 and a quick ratio of 8.35. United Dominion Realty Trust, Inc. has a one year low of $36.61 and a one year high of $47.55. The stock has a market cap of $13.52 billion, a PE ratio of 116.57, a P/E/G ratio of 13.61 and a beta of 0.82. The stock has a 50 day moving average price of $41.36 and a 200 day moving average price of $42.08.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The firm had revenue of $419.84 million during the quarter, compared to analysts' expectations of $421.23 million. United Dominion Realty Trust had a return on equity of 3.73% and a net margin of 7.33%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. Equities research analysts forecast that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio is presently 491.43%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on UDR shares. Mizuho dropped their target price on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Barclays upped their price objective on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Royal Bank Of Canada lifted their target price on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Scotiabank decreased their price target on 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. Finally, Truist Financial cut United Dominion Realty Trust from a "buy" rating to a "hold" rating and raised their price target for the company from $45.00 to $46.00 in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, United Dominion Realty Trust currently has an average rating of "Hold" and an average price target of $46.38.

United Dominion Realty Trust Company 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.