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

OVERSEA CHINESE BANKING Corp Ltd cut its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 48.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,937 shares of the real estate investment trust's stock after selling 85,159 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in United Dominion Realty Trust were worth $4,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in UDR. Proficio Capital Partners LLC bought a new position in United Dominion Realty Trust during the 4th quarter valued at $2,763,000. Sequoia Financial Advisors LLC raised its holdings in shares of United Dominion Realty Trust by 11.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 7,676 shares of the real estate investment trust's stock worth $333,000 after purchasing an additional 779 shares during the period. Avantax Advisory Services Inc. raised its holdings in shares of United Dominion Realty Trust by 9.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 7,026 shares of the real estate investment trust's stock worth $305,000 after purchasing an additional 627 shares during the period. Corient Private Wealth LLC raised its holdings in shares of United Dominion Realty Trust by 18.9% during the fourth quarter. Corient Private Wealth LLC now owns 13,045 shares of the real estate investment trust's stock worth $566,000 after purchasing an additional 2,069 shares during the period. Finally, Cibc World Markets Corp raised its holdings in shares of United Dominion Realty Trust by 12.0% during the fourth quarter. Cibc World Markets Corp now owns 135,312 shares of the real estate investment trust's stock worth $5,874,000 after purchasing an additional 14,504 shares during the period. 97.84% of the stock is currently owned by institutional investors.

United Dominion Realty Trust Stock Performance

NYSE UDR traded up $0.02 during midday trading on Thursday, hitting $40.69. The company had a trading volume of 1,808,617 shares, compared to its average volume of 2,162,961. The company has a quick ratio of 8.35, a current ratio of 8.35 and a debt-to-equity ratio of 1.77. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 116.25, a P/E/G ratio of 13.33 and a beta of 0.82. The firm has a fifty day simple moving average of $41.06 and a two-hundred day simple moving average of $41.94. United Dominion Realty Trust, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. The firm had revenue of $419.84 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.61 EPS. Equities analysts forecast that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current fiscal year.

United Dominion Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UDR. Barclays increased their target price on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Mizuho dropped their price objective on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Scotiabank dropped their price objective on shares of 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. Royal Bank Of Canada increased their price objective on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Finally, Evercore ISI set a $46.00 price objective on shares of United Dominion Realty Trust and gave the stock an "outperform" rating in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $46.07.

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.