New Age Alpha Advisors LLC Reduces Holdings 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 holdings in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 73.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 23,666 shares of the real estate investment trust's stock after selling 65,029 shares during the quarter. New Age Alpha Advisors LLC's holdings in United Dominion Realty Trust were worth $1,069,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UDR. Capital Research Global Investors increased its holdings in United Dominion Realty Trust by 64.1% in the fourth quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust's stock worth $566,940,000 after purchasing an additional 5,101,668 shares in the last quarter. Invesco Ltd. increased its holdings in 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 worth $327,104,000 after purchasing an additional 3,609,925 shares in the last quarter. Northern Trust Corp increased its holdings in 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 worth $210,711,000 after purchasing an additional 1,706,037 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in United Dominion Realty Trust by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,757,032 shares of the real estate investment trust's stock worth $206,501,000 after purchasing an additional 44,599 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in United Dominion Realty Trust by 3.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,207,420 shares of the real estate investment trust's stock worth $139,234,000 after purchasing an additional 120,456 shares during the period. 97.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of 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. UBS Group lowered their price target on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Mizuho lowered their price target on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Wall Street Zen lowered shares of United Dominion Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Scotiabank lowered their price target on shares of 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $45.29.

United Dominion Realty Trust Trading Up 0.3%

UDR stock traded up $0.10 during trading on Tuesday, hitting $37.60. 296,290 shares of the company traded hands, compared to its average volume of 2,243,607. The firm has a market capitalization of $12.46 billion, a PE ratio of 98.95, a P/E/G ratio of 9.54 and a beta of 0.84. United Dominion Realty Trust, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55. The company has a 50-day moving average of $40.46 and a 200-day moving average of $41.70. 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 earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating 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%. United Dominion Realty Trust's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. Analysts predict that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio (DPR) is 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.