MetLife Investment Management LLC Grows Stock Position 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 grew its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 91.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 about 0.05% of United Dominion Realty Trust worth $7,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jump Financial LLC purchased a new position in shares of United Dominion Realty Trust in the first quarter valued at approximately $213,000. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of United Dominion Realty Trust by 5.0% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,255,532 shares of the real estate investment trust's stock valued at $56,712,000 after acquiring an additional 59,314 shares in the last quarter. Aew Capital Management L P lifted its position in shares of United Dominion Realty Trust by 8.9% in the first quarter. Aew Capital Management L P now owns 264,928 shares of the real estate investment trust's stock valued at $11,967,000 after acquiring an additional 21,560 shares in the last quarter. Groupe la Francaise purchased a new position in shares of United Dominion Realty Trust in the first quarter valued at approximately $578,000. Finally, APG Asset Management US Inc. lifted its position in shares of United Dominion Realty Trust by 6.0% in the first quarter. APG Asset Management US Inc. now owns 1,645,459 shares of the real estate investment trust's stock valued at $74,325,000 after acquiring an additional 92,824 shares in the last quarter. Hedge funds and other institutional investors own 97.82% of the company's stock.

United Dominion Realty Trust Price Performance

UDR stock opened at $39.00 on Thursday. The business has a fifty day moving average of $39.82 and a two-hundred day moving average of $41.43. The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 1.76. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 102.62, a price-to-earnings-growth ratio of 9.69 and a beta of 0.84. United Dominion Realty Trust, Inc. has a 52-week low of $36.61 and a 52-week high of $47.55.

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, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $423.00 million during the quarter, compared to analysts' expectations of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.The firm's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. 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, research analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.4%. United Dominion Realty Trust's dividend payout ratio (DPR) is 452.63%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Piper Sandler reiterated a "neutral" rating and set a $43.00 price objective (down previously from $48.00) on shares of United Dominion Realty Trust in a research report on Monday, August 4th. 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 report on Wednesday, August 13th. Royal Bank Of Canada lifted their price objective on United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Scotiabank reduced their price objective on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Friday, June 13th. Finally, Evercore ISI reduced their price objective on United Dominion Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $44.83.

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.

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