New Age Alpha Advisors LLC Cuts Stake in United Dominion Realty Trust, Inc. (NYSE:UDR)

Key Points

• New Age Alpha Advisors LLC has significantly reduced its stake in United Dominion Realty Trust by 73.3%, resulting in ownership of 23,666 shares valued at approximately $1,069,000.
• In contrast, Spire Wealth Management has increased its stake in United Dominion Realty Trust by an astounding 3,079.2%, now owning 763 shares worth $34,000.
• United Dominion Realty Trust recently declared a quarterly dividend of $0.43 per share, yielding 4.4%, despite a high dividend payout ratio of 452.63%.

New Age Alpha Advisors LLC reduced its stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 73.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,666 shares of the real estate investment trust's stock after selling 65,029 shares during the period. New Age Alpha Advisors LLC's holdings in United Dominion Realty Trust were worth $1,069,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Spire Wealth Management grew its stake in shares of United Dominion Realty Trust by 3,079.2% in the first quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 739 shares during the last quarter. Sentry Investment Management LLC bought a new position in shares of United Dominion Realty Trust during the first quarter valued at $47,000. Horizon Financial Services LLC bought a new position in shares of United Dominion Realty Trust during the first quarter valued at $51,000. Continuum Advisory LLC lifted its holdings in shares of United Dominion Realty Trust by 38.0% during the fourth quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 351 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of United Dominion Realty Trust by 61.3% during the first quarter. Federated Hermes Inc. now owns 1,323 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 503 shares in the last quarter. 97.82% of the stock is owned by hedge funds and other institutional investors.

United Dominion Realty Trust Stock Up 1.2%

UDR stock opened at $38.81 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22. The business's 50-day moving average is $40.61 and its two-hundred day moving average is $41.73. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 102.12, a P/E/G ratio of 9.60 and a beta of 0.84. United Dominion Realty Trust, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55.

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 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 business's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 earnings per share. As a group, 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 business also recently declared 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 was Thursday, July 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.4%. United Dominion Realty Trust's dividend payout ratio is presently 452.63%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Mizuho lowered their price target on 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. UBS Group lowered their price target on United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Royal Bank Of Canada upped their price target on United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. 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 report on Monday. Finally, Evercore ISI lowered their price target on United Dominion Realty Trust from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, United Dominion Realty Trust has a consensus rating of "Hold" and an average price target of $45.57.

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.

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