New York State Common Retirement Fund Grows Stake in United Dominion Realty Trust, Inc. (NYSE:UDR)

New York State Common Retirement Fund increased its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,321 shares of the real estate investment trust's stock after purchasing an additional 13,500 shares during the period. New York State Common Retirement Fund owned 0.06% of United Dominion Realty Trust worth $8,235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Leavell Investment Management Inc. raised its stake in United Dominion Realty Trust by 17.1% during the first quarter. Leavell Investment Management Inc. now owns 6,012 shares of the real estate investment trust's stock valued at $272,000 after buying an additional 880 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in United Dominion Realty Trust by 11.3% during the first quarter. Envestnet Asset Management Inc. now owns 157,724 shares of the real estate investment trust's stock valued at $7,124,000 after buying an additional 16,001 shares during the last quarter. Penserra Capital Management LLC raised its stake in United Dominion Realty Trust by 99.8% during the first quarter. Penserra Capital Management LLC now owns 31,415 shares of the real estate investment trust's stock valued at $1,418,000 after buying an additional 15,692 shares during the last quarter. IFM Investors Pty Ltd raised its stake in United Dominion Realty Trust by 3.0% during the first quarter. IFM Investors Pty Ltd now owns 142,978 shares of the real estate investment trust's stock valued at $6,483,000 after buying an additional 4,148 shares during the last quarter. Finally, GF Fund Management CO. LTD. raised its stake in United Dominion Realty Trust by 4.3% during the first quarter. GF Fund Management CO. LTD. now owns 5,937 shares of the real estate investment trust's stock valued at $268,000 after buying an additional 243 shares during the last quarter. 97.82% of the stock is owned by hedge funds and other institutional investors.

United Dominion Realty Trust Stock Performance

United Dominion Realty Trust stock traded down $0.34 during mid-day trading on Wednesday, reaching $41.03. 1,775,444 shares of the stock traded hands, compared to its average volume of 2,162,368. The stock has a market capitalization of $13.59 billion, a PE ratio of 117.22, a price-to-earnings-growth ratio of 13.80 and a beta of 0.82. The company has a debt-to-equity ratio of 1.77, a current ratio of 8.35 and a quick ratio of 8.35. United Dominion Realty Trust, Inc. has a 12-month low of $36.61 and a 12-month high of $47.55. The business's 50-day moving average is $40.95 and its 200-day moving average is $41.86.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. United Dominion Realty Trust had a return on equity of 3.73% and a net margin of 7.33%. The firm had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. During the same quarter last year, the company earned $0.61 earnings per share. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio (DPR) is currently 491.43%.

Analyst Upgrades and Downgrades

UDR has been the subject of several recent analyst reports. Mizuho decreased their price target on United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Scotiabank lowered 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 report on Friday, June 13th. Evercore ISI set a $46.00 price target on United Dominion Realty Trust and gave the company an "outperform" rating in a report on Monday, July 7th. 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. Finally, Barclays upped their price target on United Dominion Realty Trust from $48.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, United Dominion Realty Trust has a consensus rating of "Hold" and a consensus price target of $46.07.

United Dominion Realty Trust Company 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.