OVERSEA CHINESE BANKING Corp Ltd Sells 85,159 Shares of United Dominion Realty Trust, Inc. (NYSE:UDR)

Key Points

• OVERSEA CHINESE BANKING Corp Ltd reduced its stake in United Dominion Realty Trust by 48.1%, selling 85,159 shares and holding 91,937 shares worth $4.15 million by the end of the last quarter.
• Major institutional investors, like Townsquare Capital LLC and UMB Bank n.a., have recently increased their holdings in United Dominion Realty Trust, which currently has approximately 97.82% of its stock owned by institutional investors.
• The latest analysts' reports show mixed ratings for United Dominion Realty Trust with an average consensus target price of $46.07, as the stock has received a mix of buy, hold, and sell ratings from various analysts.

OVERSEA CHINESE BANKING Corp Ltd trimmed its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 48.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,937 shares of the real estate investment trust's stock after selling 85,159 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in United Dominion Realty Trust were worth $4,153,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Townsquare Capital LLC lifted its holdings 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 purchasing an additional 237 shares in the last quarter. GF Fund Management CO. LTD. increased its position in shares of United Dominion Realty Trust by 4.3% in 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 acquiring an additional 243 shares during the last quarter. Continuum Advisory LLC increased its position 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 valued at $55,000 after acquiring an additional 351 shares during the last quarter. Integrity Wealth Solutions LLC increased its position 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 acquiring an additional 357 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of United Dominion Realty Trust by 47.8% in the first quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust's stock valued at $61,000 after acquiring an additional 434 shares during the last quarter. 97.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UDR has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their target price on United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. UBS Group lowered their target price on 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. Barclays lifted their target price on United Dominion Realty Trust from $48.00 to $51.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Mizuho lowered their target price on 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. Finally, Evercore ISI set a $46.00 target price on United Dominion Realty Trust and gave the company an "outperform" rating in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $46.07.

United Dominion Realty Trust Trading Down 1.5%

Shares of NYSE:UDR opened at $38.70 on Friday. United Dominion Realty Trust, Inc. has a 12-month low of $36.61 and a 12-month high of $47.55. The business has a 50 day moving average of $40.76 and a 200-day moving average of $41.81. The company has a quick ratio of 8.35, a current ratio of 0.88 and a debt-to-equity ratio of 1.76. The stock has a market cap of $12.82 billion, a PE ratio of 101.84, a P/E/G ratio of 12.87 and a beta of 0.84.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $423.00 million during the quarter, compared to the consensus estimate of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%. The firm's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. As a group, equities research analysts forecast that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were paid a $0.43 dividend. The ex-dividend date was Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.4%. United Dominion Realty Trust's payout ratio is 452.63%.

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.

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