MetLife Investment Management LLC Has $7.68 Million Holdings in United Dominion Realty Trust, Inc. $UDR

Key Points

• MetLife Investment Management LLC significantly increased its stake in United Dominion Realty Trust by 91.5% during the first quarter, now holding approximately $7.68 million worth of shares.
• United Dominion Realty Trust reported earnings per share of $0.64 for the last quarter, exceeding expectations, with a total revenue of $423 million, marking a 2.4% increase from the previous year.
• The company has announced a quarterly dividend of $0.43 per share, reflecting a yield of 4.4%, although its dividend payout ratio stands at a high 452.63%.

MetLife Investment Management LLC lifted its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 91.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 169,993 shares of the real estate investment trust's stock after acquiring an additional 81,215 shares during the quarter. MetLife Investment Management LLC owned approximately 0.05% of United Dominion Realty Trust worth $7,679,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in UDR. Vanguard Group Inc. boosted its position in shares of United Dominion Realty Trust by 0.4% in the first quarter. Vanguard Group Inc. now owns 51,023,940 shares of the real estate investment trust's stock worth $2,304,751,000 after buying an additional 214,209 shares during the period. Invesco Ltd. increased its holdings in shares of United Dominion Realty Trust by 21.5% in the 1st quarter. Invesco Ltd. now owns 9,155,231 shares of the real estate investment trust's stock valued at $413,542,000 after purchasing an additional 1,619,997 shares during the period. Northern Trust Corp lifted its position in shares of United Dominion Realty Trust by 0.7% in the first quarter. Northern Trust Corp now owns 4,886,672 shares of the real estate investment trust's stock worth $220,731,000 after purchasing an additional 32,693 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in United Dominion Realty Trust by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,436,208 shares of the real estate investment trust's stock valued at $200,384,000 after purchasing an additional 69,154 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in United Dominion Realty Trust by 3.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,207,420 shares of the real estate investment trust's stock valued at $139,234,000 after buying an additional 120,456 shares during the period. 97.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on UDR. Wall Street Zen cut shares of United Dominion Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Truist Financial lowered their target price on United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating on the stock in a research note on Tuesday, August 26th. Scotiabank lowered their target price on 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. Piper Sandler reaffirmed a "neutral" rating and set a $43.00 price target (down from $48.00) on shares of United Dominion Realty Trust in a research note on Monday, August 4th. Finally, Barclays lowered their price target on United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, United Dominion Realty Trust has a consensus rating of "Hold" and an average price target of $44.83.

United Dominion Realty Trust Stock Performance

Shares of NYSE:UDR traded down $1.16 during trading on Tuesday, reaching $38.41. The stock had a trading volume of 2,238,992 shares, compared to its average volume of 1,805,497. The stock has a fifty day simple moving average of $39.66 and a two-hundred day simple moving average of $41.32. 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, Inc. has a 52 week low of $36.61 and a 52 week high of $47.55. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 101.08, a P/E/G ratio of 9.91 and a beta of 0.88.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The business 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%. United Dominion Realty Trust's revenue was up 2.4% compared to the same quarter last year. During the same period last 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, analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th were paid a $0.43 dividend. The ex-dividend date was Thursday, July 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.5%. United Dominion Realty Trust's payout ratio is presently 452.63%.

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.