New York State Common Retirement Fund Purchases 13,500 Shares of United Dominion Realty Trust, Inc. (NYSE:UDR)

New York State Common Retirement Fund boosted its position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 8.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 about 0.06% of United Dominion Realty Trust worth $8,235,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in UDR. Townsquare Capital LLC increased its stake in shares of United Dominion Realty Trust by 4.8% in the fourth quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock valued at $225,000 after buying an additional 237 shares in the last quarter. GF Fund Management CO. LTD. increased its position in United Dominion Realty Trust by 4.3% in the 1st quarter. GF Fund Management CO. LTD. now owns 5,937 shares of the real estate investment trust's stock valued at $268,000 after acquiring an additional 243 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of United Dominion Realty Trust by 38.0% in the fourth quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 351 shares during the last quarter. Integrity Wealth Solutions LLC increased its holdings in shares of United Dominion Realty Trust by 5.6% in the first quarter. Integrity Wealth Solutions LLC now owns 6,766 shares of the real estate investment trust's stock valued at $306,000 after purchasing an additional 357 shares in the last quarter. Finally, UMB Bank n.a. raised its position in United Dominion Realty Trust by 47.8% in the 1st quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 434 shares during the last quarter. 97.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on UDR shares. Barclays boosted their price target on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Scotiabank decreased their target price on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating for the company in a research 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 research note on Monday, July 7th. UBS Group reduced their price objective on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada boosted 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 report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $46.07.

United Dominion Realty Trust Stock Up 0.1%

UDR stock opened at $40.70 on Friday. United Dominion Realty Trust, Inc. has a 1-year low of $36.61 and a 1-year high of $47.55. The firm has a market capitalization of $13.48 billion, a PE ratio of 116.29, a PEG ratio of 13.58 and a beta of 0.82. The business's 50 day simple moving average is $41.00 and its 200 day simple moving average is $41.89. The company has a current ratio of 8.35, a quick ratio of 8.35 and a debt-to-equity ratio of 1.77.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $421.23 million. During the same period in the prior year, the firm posted $0.61 EPS. The company's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.23%. United Dominion Realty Trust's dividend payout ratio is currently 491.43%.

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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