National Bank of Canada FI Raises Holdings in United Dominion Realty Trust, Inc. (NYSE:UDR)

National Bank of Canada FI increased its holdings in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 61.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 226,975 shares of the real estate investment trust's stock after buying an additional 86,558 shares during the quarter. National Bank of Canada FI owned 0.07% of United Dominion Realty Trust worth $10,252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Teachers Retirement System of The State of Kentucky raised its position in United Dominion Realty Trust by 4.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,191 shares of the real estate investment trust's stock valued at $1,048,000 after purchasing an additional 989 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of United Dominion Realty Trust by 35.1% in the first quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust's stock valued at $2,968,000 after buying an additional 17,061 shares during the period. Amalgamated Bank increased its stake in shares of United Dominion Realty Trust by 1.6% in the first quarter. Amalgamated Bank now owns 59,947 shares of the real estate investment trust's stock valued at $2,708,000 after buying an additional 936 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of United Dominion Realty Trust in the first quarter valued at approximately $431,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of United Dominion Realty Trust by 7.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,581 shares of the real estate investment trust's stock valued at $523,000 after buying an additional 842 shares during the period. 97.82% of the stock is currently owned by institutional investors.

United Dominion Realty Trust Stock Up 1.1%

Shares of NYSE:UDR traded up $0.43 during mid-day trading on Friday, hitting $38.50. 2,043,362 shares of the company traded hands, compared to its average volume of 2,455,724. The stock has a market cap of $12.76 billion, a P/E ratio of 101.32, a P/E/G ratio of 9.64 and a beta of 0.84. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76. United Dominion Realty Trust, Inc. has a 12-month low of $36.61 and a 12-month high of $47.55. The stock has a 50-day moving average price of $40.24 and a two-hundred day moving average price of $41.61.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%. The company had revenue of $423.00 million for the quarter, compared to analysts' expectations of $422.64 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. United Dominion Realty Trust's quarterly revenue was up 2.4% on a year-over-year basis. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were given a $0.43 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.5%. United Dominion Realty Trust's payout ratio is currently 452.63%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank Of Canada upped their price objective on United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Scotiabank cut 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 note on Friday, June 13th. Barclays cut their price objective on United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Morgan Stanley set a $44.50 price objective on United Dominion Realty Trust and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $43.00 price objective (down from $48.00) on shares of United Dominion Realty Trust in a research note on Monday, August 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, United Dominion Realty Trust currently has a consensus rating of "Hold" and an average price target of $45.23.

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.