United Dominion Realty Trust, Inc. (NYSE:UDR) Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC grew its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 99.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,415 shares of the real estate investment trust's stock after purchasing an additional 15,692 shares during the quarter. Penserra Capital Management LLC's holdings in United Dominion Realty Trust were worth $1,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Spire Wealth Management boosted its holdings in shares of United Dominion Realty Trust by 3,079.2% in the 1st quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 739 shares in the last quarter. Sentry Investment Management LLC acquired a new position in United Dominion Realty Trust during the 1st quarter worth about $47,000. Horizon Financial Services LLC acquired a new position in United Dominion Realty Trust during the 1st quarter worth about $51,000. Smartleaf Asset Management LLC raised its position in shares of United Dominion Realty Trust by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 491 shares in the last quarter. Finally, Continuum Advisory LLC raised its position in shares of United Dominion Realty Trust by 38.0% in the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 351 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

United Dominion Realty Trust Stock Down 0.3%

Shares of NYSE UDR traded down $0.12 during trading hours on Friday, hitting $40.37. 1,193,921 shares of the stock were exchanged, compared to its average volume of 2,178,706. The company has a quick ratio of 8.35, a current ratio of 8.35 and a debt-to-equity ratio of 1.77. United Dominion Realty Trust, Inc. has a 12 month low of $36.61 and a 12 month high of $47.55. The company has a market cap of $13.37 billion, a PE ratio of 115.34, a PEG ratio of 13.47 and a beta of 0.82. The firm has a fifty day moving average price of $41.21 and a 200-day moving average price of $42.00.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.61. The business 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%. United Dominion Realty Trust's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. On average, sell-side analysts expect that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio (DPR) is presently 491.43%.

Wall Street Analyst Weigh In

UDR has been the subject of several research analyst reports. Barclays lifted 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. Scotiabank cut their target price on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a research note on Friday, June 13th. Evercore ISI set a $46.00 target price on United Dominion Realty Trust and gave the stock an "outperform" rating in a research note on Monday, July 7th. 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 research note on Thursday, May 8th. Finally, Mizuho decreased their price target 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, United Dominion Realty Trust presently has an average rating of "Hold" and an average price target of $46.44.

United Dominion Realty Trust Company 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.