United Dominion Realty Trust, Inc. $UDR Stake Increased by Korea Investment CORP

Key Points

• Korea Investment CORP increased its stake in United Dominion Realty Trust, Inc. by 32.0% during the first quarter, now owning approximately 0.06% of the company worth $9.12 million.
• Brokerages have issued mixed ratings on UDR, with an average price target of $45.23 and six analysts giving a Buy rating, while nine rated it Hold and one rated it Sell.
• The company recently announced a quarterly dividend of $0.43, reflecting a 4.4% yield and a payout ratio of 452.63%.

Korea Investment CORP increased its stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 32.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 201,964 shares of the real estate investment trust's stock after acquiring an additional 49,000 shares during the period. Korea Investment CORP owned approximately 0.06% of United Dominion Realty Trust worth $9,123,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mariner LLC grew its stake in shares of United Dominion Realty Trust by 5.0% during the 4th quarter. Mariner LLC now owns 29,960 shares of the real estate investment trust's stock valued at $1,300,000 after buying an additional 1,422 shares during the period. MetLife Investment Management LLC grew its position in United Dominion Realty Trust by 1.3% during the fourth quarter. MetLife Investment Management LLC now owns 88,778 shares of the real estate investment trust's stock valued at $3,854,000 after acquiring an additional 1,137 shares during the period. Tower Research Capital LLC TRC grew its position in United Dominion Realty Trust by 11.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 23,689 shares of the real estate investment trust's stock valued at $1,028,000 after acquiring an additional 2,429 shares during the period. Stifel Financial Corp increased its stake in United Dominion Realty Trust by 10.0% during the fourth quarter. Stifel Financial Corp now owns 10,113 shares of the real estate investment trust's stock worth $439,000 after acquiring an additional 919 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in United Dominion Realty Trust by 2.8% during the fourth quarter. Hsbc Holdings PLC now owns 784,931 shares of the real estate investment trust's stock worth $34,024,000 after acquiring an additional 21,039 shares during the last quarter. Institutional investors and hedge funds own 97.82% of the company's stock.

United Dominion Realty Trust Stock Down 0.6%

Shares of NYSE UDR traded down $0.23 during trading on Thursday, reaching $38.75. 236,222 shares of the stock were exchanged, compared to its average volume of 2,211,779. The business's 50-day moving average price is $39.82 and its 200 day moving average price is $41.43. The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of 102.03, a price-to-earnings-growth ratio of 9.69 and a beta of 0.84. United Dominion Realty Trust, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55. The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 1.76.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $423.00 million for 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 firm's revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 EPS. 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. As a group, equities 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 declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.4%. United Dominion Realty Trust's dividend payout ratio is currently 452.63%.

Analysts Set New Price Targets

UDR has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. Mizuho reduced their price target on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Scotiabank dropped their price objective 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. Piper Sandler reissued a "neutral" rating and issued a $43.00 target price (down previously from $48.00) on shares of United Dominion Realty Trust in a research note on Monday, August 4th. Finally, Wells Fargo & Company decreased their price target on shares of United Dominion Realty Trust from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, United Dominion Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $44.83.

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.