Legal & General Group Plc bought a new position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,971,134 shares of the real estate investment trust's stock, valued at approximately $78,688,000. Legal & General Group Plc owned approximately 0.61% of United Dominion Realty Trust as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Addison Advisors LLC purchased a new stake in United Dominion Realty Trust during the 2nd quarter worth approximately $58,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of United Dominion Realty Trust in the second quarter valued at approximately $75,000. Allworth Financial LP acquired a new stake in shares of United Dominion Realty Trust in the second quarter worth approximately $106,000. Westpac Banking Corp purchased a new stake in shares of United Dominion Realty Trust during the second quarter worth approximately $114,000. Finally, Global Retirement Partners LLC acquired a new position in United Dominion Realty Trust in the 2nd quarter valued at $187,000. Institutional investors and hedge funds own 97.82% of the company's stock.
United Dominion Realty Trust Stock Performance
NYSE UDR opened at $37.11 on Friday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.22 and a current ratio of 4.22. The stock's fifty day moving average is $38.94 and its two-hundred day moving average is $37.46. The firm has a market capitalization of $11.92 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 9.66 and a beta of 0.70. United Dominion Realty Trust, Inc. has a fifty-two week low of $32.94 and a fifty-two week high of $42.00.
United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its earnings results on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. United Dominion Realty Trust had a return on equity of 16.56% and a net margin of 30.43%.The business had revenue of $425.40 million during the quarter, compared to the consensus estimate of $423.35 million. During the same period last year, the company earned $0.64 EPS. The company's revenue for the quarter was up .0% on a year-over-year basis. United Dominion Realty Trust has set its FY 2026 guidance at 2.490-2.570 EPS and its Q3 2026 guidance at 0.640-0.640 EPS. On average, research analysts anticipate that United Dominion Realty Trust, Inc. will post 2.53 earnings per share for the current year.
United Dominion Realty Trust declared that its board has authorized a stock repurchase plan on Monday, May 4th that permits the company to repurchase 25,000,000 outstanding shares. This repurchase authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
UDR has been the topic of several recent research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of United Dominion Realty Trust in a research note on Wednesday, June 24th. JPMorgan Chase & Co. increased their target price on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the company an "underweight" rating in a research report on Tuesday, August 4th. Wall Street Zen raised shares of United Dominion Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, August 9th. Scotiabank boosted their price target on shares of United Dominion Realty Trust from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 9th. Finally, Evercore restated an "outperform" rating on shares of United Dominion Realty Trust in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $41.66.
Check Out Our Latest Report on United Dominion Realty Trust
Insider Activity
In related news, CEO Thomas W. Toomey sold 80,000 shares of the firm's stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $39.25, for a total transaction of $3,140,000.00. Following the completion of the sale, the chief executive officer directly owned 810,455 shares in the company, valued at approximately $31,810,358.75. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.82% of the company's stock.
United Dominion Realty Trust Company Profile
(
Free Report)
United Dominion Realty Trust NYSE: UDR is a publicly traded real estate investment trust specializing in the ownership, management, acquisition, development and redevelopment of multifamily apartment communities. The company's core focus is on Class A and Class A–plus residential properties, offering a diverse portfolio designed to meet the evolving needs of renters. UDR employs a full-service management platform to oversee daily operations, property maintenance, leasing, and resident services, ensuring consistency and quality across its holdings.
UDR's business activities encompass ground-up development, strategic property redevelopment, and selective acquisitions.
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