Man Group plc Purchases New Stake in United Dominion Realty Trust, Inc. $UDR

Key Points

• Man Group acquired 47,778 shares of United Dominion Realty Trust in the second quarter, valued at approximately $1.9 million. Institutional investors collectively own 97.82% of UDR’s outstanding shares.
• UDR reported quarterly EPS of $0.21, exceeding the $0.13 analyst consensus, while revenue reached $425.4 million versus expectations of $423.35 million. Analysts project full-year EPS of about $2.53.
• UDR shares opened at $36.86, below the analyst consensus price target of $41.59. Despite mixed rating changes, the overall analyst consensus remains Hold.

Man Group plc acquired a new position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 47,778 shares of the real estate investment trust's stock, valued at approximately $1,907,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UDR. BlackRock Inc. bought a new position in shares of United Dominion Realty Trust in the 2nd quarter valued at about $1,247,535,000. Canada Pension Plan Investment Board acquired a new position in United Dominion Realty Trust in the second quarter valued at approximately $219,560,000. Bank of New York Mellon Corp acquired a new position in United Dominion Realty Trust in the second quarter valued at approximately $89,660,000. Legal & General Group Plc bought a new position in United Dominion Realty Trust in the second quarter valued at approximately $78,688,000. Finally, Hsbc Holdings PLC bought a new position in United Dominion Realty Trust in the second quarter valued at approximately $40,318,000. 97.82% of the stock is owned by institutional investors.

United Dominion Realty Trust Trading Down 0.2%

UDR opened at $36.86 on Wednesday. The firm has a market cap of $11.84 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 9.41 and a beta of 0.70. United Dominion Realty Trust, Inc. has a twelve month low of $32.94 and a twelve month high of $42.00. 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 firm's fifty day moving average is $38.89 and its two-hundred day moving average is $37.42.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its earnings results on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. The firm had revenue of $425.40 million during the quarter, compared to analysts' expectations of $423.35 million. United Dominion Realty Trust had a return on equity of 16.56% and a net margin of 30.43%.The company's revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 earnings per share. 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. Equities research analysts anticipate that United Dominion Realty Trust, Inc. will post 2.53 EPS for the current year.

Insider Transactions at United Dominion Realty Trust

In related news, CEO Thomas W. Toomey sold 80,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was 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 of the company's stock, valued at approximately $31,810,358.75. This represents a 8.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.82% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen upgraded shares of United Dominion Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, August 9th. Evercore reaffirmed an "outperform" rating on shares of United Dominion Realty Trust in a research note on Monday, June 8th. Truist Financial downgraded United Dominion Realty Trust from a "buy" rating to a "hold" rating and set a $41.00 price objective for the company. in a report on Wednesday, July 8th. Wells Fargo & Company cut their target price on United Dominion Realty Trust from $44.00 to $43.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Royal Bank Of Canada raised their target price on United Dominion Realty Trust from $37.00 to $38.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $41.59.

About United Dominion Realty Trust

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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