Natixis Advisors LLC Has $9.04 Million Stake in United Dominion Realty Trust, Inc. (NYSE:UDR)

Key Points

• Natixis Advisors LLC increased its stake in United Dominion Realty Trust (UDR) by 15.1%, now holding 200,060 shares valued at approximately $9 million, highlighting growing institutional interest in the company.
• Multiple brokerages have revised their target prices for UDR, with Piper Sandler lowering its target from $48.00 to $43.00 while Barclays increased its objective from $48.00 to $51.00, indicating mixed sentiments among analysts.
• United Dominion Realty Trust recently announced a quarterly dividend of $0.43 per share, reflecting a dividend yield of 4.5%, although its payout ratio is notably high at 452.63%.

Natixis Advisors LLC lifted its holdings in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 15.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,060 shares of the real estate investment trust's stock after acquiring an additional 26,234 shares during the quarter. Natixis Advisors LLC owned about 0.06% of United Dominion Realty Trust worth $9,037,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its holdings in shares of United Dominion Realty Trust by 64.1% during the 4th quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust's stock worth $566,940,000 after acquiring an additional 5,101,668 shares during the period. Invesco Ltd. increased its holdings in shares of United Dominion Realty Trust by 92.0% in the fourth quarter. Invesco Ltd. now owns 7,535,234 shares of the real estate investment trust's stock valued at $327,104,000 after purchasing an additional 3,609,925 shares during the last quarter. Northern Trust Corp boosted its position in shares of United Dominion Realty Trust by 54.2% in the fourth quarter. Northern Trust Corp now owns 4,853,979 shares of the real estate investment trust's stock valued at $210,711,000 after acquiring an additional 1,706,037 shares during the period. FMR LLC lifted its holdings in shares of United Dominion Realty Trust by 10.5% in the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock worth $546,639,000 after acquiring an additional 1,191,432 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in United Dominion Realty Trust during the 4th quarter valued at approximately $42,073,000. Institutional investors and hedge funds own 97.82% of the company's stock.

Analyst Ratings Changes

UDR has been the topic of several recent research reports. Mizuho dropped their price objective on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Royal Bank Of Canada boosted 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 report on Thursday, May 8th. Evercore ISI reduced their price target on United Dominion Realty Trust from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Monday. Scotiabank decreased 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. Finally, UBS Group dropped their price objective on United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, United Dominion Realty Trust currently has a consensus rating of "Hold" and an average price target of $45.57.

United Dominion Realty Trust Trading Down 1.3%

Shares of UDR traded down $0.50 on Friday, reaching $38.29. 602,766 shares of the company's stock were exchanged, compared to its average volume of 2,253,226. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $12.69 billion, a P/E ratio of 100.78, a price-to-earnings-growth ratio of 9.60 and a beta of 0.84. The business has a 50 day moving average price of $40.61 and a two-hundred day moving average price of $41.73. United Dominion Realty Trust, Inc. has a 12 month low of $36.61 and a 12 month high of $47.55.

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

United Dominion Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.5%. United Dominion Realty Trust's dividend payout ratio (DPR) is currently 452.63%.

United Dominion Realty Trust 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.