OVERSEA CHINESE BANKING Corp Ltd Acquires New Shares in United Dominion Realty Trust, Inc. $UDR

Key Points

• Oversea-Chinese Banking Corp. acquired 76,211 UDR shares worth approximately $3.04 million in the second quarter. Institutional investors collectively own 97.82% of the apartment REIT’s outstanding stock.
• Analysts remain mixed, with UDR receiving an overall “Hold” rating and an average price target of $41.66, compared with its recent price of $37.74.
• UDR exceeded quarterly EPS expectations, reporting $0.21 versus the $0.13 consensus estimate, while its board authorized a repurchase of up to 25 million shares. CEO Thomas W. Toomey separately sold 80,000 shares.

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 76,211 shares of the real estate investment trust's stock, valued at approximately $3,042,000.

A number of other institutional investors also recently bought and sold shares of UDR. Addison Advisors LLC acquired a new position in shares of United Dominion Realty Trust during the 2nd quarter worth $58,000. Pacific Sun Financial Corp acquired a new stake in United Dominion Realty Trust in the 2nd quarter valued at about $614,000. BOK Financial Private Wealth Inc. acquired a new stake in United Dominion Realty Trust in the 2nd quarter valued at about $377,000. Danica Pension Livsforsikringsaktieselskab purchased a new position in United Dominion Realty Trust during the 2nd quarter valued at about $8,962,000. Finally, Danske Bank A S acquired a new position in United Dominion Realty Trust during the second quarter worth about $1,943,000. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on UDR shares. The Goldman Sachs Group restated a "sell" rating and set a $38.00 price objective on shares of United Dominion Realty Trust in a research report on Thursday, July 30th. Citigroup cut their price target on shares of United Dominion Realty Trust from $42.00 to $40.50 and set a "neutral" rating on the stock in a research note on Wednesday, May 6th. Mizuho boosted their price objective on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 10th. Evercore reiterated an "outperform" rating on shares of United Dominion Realty Trust in a research note on Monday, June 8th. Finally, Wall Street Zen raised shares of United Dominion Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $41.66.

Insider Buying and Selling at United Dominion Realty Trust

In related news, CEO Thomas W. Toomey sold 80,000 shares of the company's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $39.25, for a total transaction of $3,140,000.00. Following the sale, the chief executive officer directly owned 810,455 shares of the company's stock, valued at approximately $31,810,358.75. This represents a 8.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.82% of the company's stock.

United Dominion Realty Trust Stock Up 0.6%

NYSE:UDR opened at $37.74 on Friday. The company has a market capitalization of $12.12 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 9.55 and a beta of 0.70. United Dominion Realty Trust, Inc. has a one year low of $32.94 and a one year high of $42.00. The stock has a 50-day simple moving average of $38.99 and a 200 day simple moving average of $37.43. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.22 and a current ratio of 4.22.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. United Dominion Realty Trust had a return on equity of 16.56% and a net margin of 30.43%.The firm had revenue of $425.40 million for the quarter, compared to analysts' expectations of $423.35 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. United Dominion Realty Trust's revenue for the quarter was up .0% compared to the same quarter last year. United Dominion Realty Trust has set its FY 2026 guidance at 2.490-2.570 EPS and its Q3 2026 guidance at 0.640-0.640 EPS. Sell-side analysts predict that United Dominion Realty Trust, Inc. will post 2.53 EPS for the current fiscal year.

United Dominion Realty Trust announced that its board has authorized a stock repurchase plan on Monday, May 4th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

About United Dominion Realty Trust

United Dominion Realty Trust NYSE: UDR is a publicly traded real estate investment trust specializing in the ownership, management, acquisition, development and redevelopment of multifamily apartment communities. The company's core focus is on Class A and Class A–plus residential properties, offering a diverse portfolio designed to meet the evolving needs of renters. UDR employs a full-service management platform to oversee daily operations, property maintenance, leasing, and resident services, ensuring consistency and quality across its holdings.

UDR's business activities encompass ground-up development, strategic property redevelopment, and selective acquisitions.

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