Pacific Heights Asset Management LLC Acquires Shares of 400,000 United Dominion Realty Trust, Inc. $UDR

Key Points

• Pacific Heights Asset Management acquired 400,000 UDR shares worth approximately $15.97 million, representing about 0.12% of United Dominion Realty Trust. Institutional investors collectively own 97.82% of the REIT.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $41.66, compared with the stock’s reported opening price of $37.11.
• UDR exceeded quarterly earnings expectations, reporting $0.21 in EPS versus a $0.13 consensus estimate, while its board authorized a 25 million-share repurchase program.

Pacific Heights Asset Management LLC acquired a new position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 400,000 shares of the real estate investment trust's stock, valued at approximately $15,968,000. Pacific Heights Asset Management LLC owned approximately 0.12% of United Dominion Realty Trust at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Addison Advisors LLC purchased a new stake in shares of United Dominion Realty Trust during the 2nd quarter valued at about $58,000. Northwestern Mutual Wealth Management Co. purchased a new position in United Dominion Realty Trust in the 2nd quarter worth approximately $75,000. Allworth Financial LP purchased a new position in United Dominion Realty Trust in the 2nd quarter worth approximately $106,000. Westpac Banking Corp acquired a new stake in United Dominion Realty Trust in the second quarter valued at approximately $114,000. Finally, Global Retirement Partners LLC acquired a new stake in United Dominion Realty Trust in the second quarter valued at approximately $187,000. Institutional investors and hedge funds own 97.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UDR. Truist Financial lowered shares of United Dominion Realty Trust from a "buy" rating to a "hold" rating and set a $41.00 price objective on the stock. in a research note on Wednesday, July 8th. Royal Bank Of Canada raised their price target on shares of United Dominion Realty Trust from $37.00 to $38.00 and gave the company a "sector perform" rating in a report on Wednesday, May 6th. Mizuho lifted their price target 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. The Goldman Sachs Group reiterated a "sell" rating and issued a $38.00 price objective on shares of United Dominion Realty Trust in a report on Thursday, July 30th. Finally, Evercore reissued an "outperform" rating on shares of United Dominion Realty Trust in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, United Dominion Realty Trust presently has an average rating of "Hold" and a consensus target price of $41.66.

Insiders Place Their Bets

In other United Dominion Realty Trust news, CEO Thomas W. Toomey sold 80,000 shares of the firm's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $39.25, for a total transaction of $3,140,000.00. Following the completion of the transaction, the chief executive officer directly owned 810,455 shares of the company's stock, valued at $31,810,358.75. This trade represents a 8.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.82% of the stock is currently owned by corporate insiders.

United Dominion Realty Trust Price Performance

UDR stock opened at $37.11 on Friday. The company has a market capitalization of $11.92 billion, a PE ratio of 23.64, a P/E/G ratio of 9.66 and a beta of 0.70. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.01. The stock's 50 day moving average is $38.94 and its two-hundred day moving average is $37.46. United Dominion Realty Trust, Inc. has a 52-week low of $32.94 and a 52-week high of $42.00.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. The business had revenue of $425.40 million during the quarter, compared to the consensus estimate of $423.35 million. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share. 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. Analysts predict that United Dominion Realty Trust, Inc. will post 2.53 earnings per share for the current fiscal year.

United Dominion Realty Trust declared that its Board of Directors has approved a stock repurchase program on Monday, May 4th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is 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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