Millennium Management LLC Sells 574,096 Shares of United Dominion Realty Trust, Inc. $UDR

Millennium Management LLC reduced its position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 29.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,404,933 shares of the real estate investment trust's stock after selling 574,096 shares during the quarter. Millennium Management LLC owned about 0.42% of United Dominion Realty Trust worth $63,461,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC acquired a new position in United Dominion Realty Trust during the 1st quarter worth approximately $28,000. Spire Wealth Management raised its stake in United Dominion Realty Trust by 3,079.2% during the 1st quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust's stock worth $34,000 after buying an additional 739 shares during the period. Sentry Investment Management LLC acquired a new position in United Dominion Realty Trust during the 1st quarter worth approximately $47,000. Horizon Financial Services LLC acquired a new position in United Dominion Realty Trust during the 1st quarter worth approximately $51,000. Finally, National Pension Service raised its stake in United Dominion Realty Trust by 2,553.5% during the 1st quarter. National Pension Service now owns 1,141 shares of the real estate investment trust's stock worth $52,000 after buying an additional 1,098 shares during the period. 97.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on UDR. Scotiabank dropped their price target 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. Truist Financial lowered their price objective on United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating for the company in a research note on Tuesday, August 26th. Wall Street Zen downgraded United Dominion Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Morgan Stanley lowered their price objective on United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating for the company in a research note on Wednesday, August 13th. Finally, Barclays lowered their price objective 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. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $44.73.

United Dominion Realty Trust Stock Down 1.4%

Shares of United Dominion Realty Trust stock traded down $0.56 on Friday, hitting $38.36. The company had a trading volume of 1,777,679 shares, compared to its average volume of 2,208,002. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of 100.95, a P/E/G ratio of 9.74 and a beta of 0.88. United Dominion Realty Trust, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55. The stock has a 50 day moving average of $39.33 and a 200-day moving average of $41.09. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $423.00 million for the quarter, compared to analyst estimates of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.United Dominion Realty Trust's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $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, sell-side analysts forecast that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

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.