United Dominion Realty Trust, Inc. (NYSE:UDR) Shares Sold by KBC Group NV

KBC Group NV cut its stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 59.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 115,815 shares of the real estate investment trust's stock after selling 168,612 shares during the quarter. KBC Group NV's holdings in United Dominion Realty Trust were worth $5,231,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Spire Wealth Management lifted its holdings in United Dominion Realty Trust by 3,079.2% in the 1st quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 739 shares in the last quarter. Sentry Investment Management LLC purchased a new position in United Dominion Realty Trust during the first quarter worth about $47,000. Smartleaf Asset Management LLC boosted its stake in 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 worth $52,000 after buying an additional 491 shares during the last quarter. Continuum Advisory LLC boosted its stake in United Dominion Realty Trust by 38.0% in the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock worth $55,000 after buying an additional 351 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in United Dominion Realty Trust by 47.8% in the 1st 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 period. Hedge funds and other institutional investors own 97.84% of the company's stock.

United Dominion Realty Trust Stock Performance

UDR traded up $0.23 during trading hours on Thursday, hitting $40.80. 1,157,828 shares of the stock were exchanged, compared to its average volume of 2,181,125. The stock has a market cap of $13.52 billion, a price-to-earnings ratio of 116.57, a price-to-earnings-growth ratio of 13.61 and a beta of 0.82. The stock has a 50-day simple moving average of $41.39 and a 200-day simple moving average of $42.14. 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 12 month low of $36.61 and a 12 month high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.61. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. The company had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. During the same period last year, the firm posted $0.61 EPS. The company's revenue for the quarter was up 2.0% on a year-over-year basis. Analysts anticipate 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 will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a $0.43 dividend. 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 payout ratio is 491.43%.

Analyst Upgrades and Downgrades

UDR has been the topic of several research analyst reports. Truist Financial cut shares of United Dominion Realty Trust from a "buy" rating to a "hold" rating and raised their target price for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Barclays boosted their price objective on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. 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 note on Thursday, May 8th. Scotiabank cut 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 note on Friday, June 13th. Finally, Mizuho decreased their price target 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, United Dominion Realty Trust currently has an average rating of "Hold" and a consensus target price of $46.38.

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.