New York State Teachers Retirement System Has $11.34 Million Stock Position in United Dominion Realty Trust, Inc. (NYSE:UDR)

New York State Teachers Retirement System lessened its holdings in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 16.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,934 shares of the real estate investment trust's stock after selling 50,223 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of United Dominion Realty Trust worth $11,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Yousif Capital Management LLC lifted its position in shares of United Dominion Realty Trust by 35.1% during the 1st quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust's stock valued at $2,968,000 after buying an additional 17,061 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in United Dominion Realty Trust during the first quarter worth $431,000. SG Americas Securities LLC lifted its holdings in United Dominion Realty Trust by 120.6% during the first quarter. SG Americas Securities LLC now owns 15,108 shares of the real estate investment trust's stock valued at $682,000 after purchasing an additional 8,259 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in United Dominion Realty Trust by 25.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 27,882 shares of the real estate investment trust's stock valued at $1,259,000 after purchasing an additional 5,634 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new position in United Dominion Realty Trust during the first quarter valued at $274,000. 97.84% of the stock is currently owned by institutional investors and hedge funds.

United Dominion Realty Trust Stock Performance

Shares of UDR traded up $0.23 during trading hours on Friday, reaching $40.80. 1,157,828 shares of the company's stock traded hands, compared to its average volume of 2,186,174. The business's fifty day simple moving average is $41.37 and its two-hundred day simple moving average is $42.12. The firm has a market capitalization of $13.52 billion, a price-to-earnings ratio of 116.57, a P/E/G ratio of 13.51 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 twelve month low of $36.61 and a twelve month high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, hitting analysts' consensus estimates of $0.61. The business had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. Analysts predict 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 will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio is currently 491.43%.

Wall Street Analyst Weigh In

UDR has been the subject of a number of analyst reports. Mizuho dropped their price objective on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Truist Financial cut shares of United Dominion Realty Trust from a "buy" rating to a "hold" rating and increased their price target for the company from $45.00 to $46.00 in a research note on Monday, March 10th. Scotiabank cut their price target on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating for the company in a report on Friday, June 13th. Royal Bank Of Canada upped their price objective 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. Finally, Barclays increased their price objective on United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, United Dominion Realty Trust currently has a consensus rating of "Hold" and an average target price of $46.38.

About United Dominion Realty Trust

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.