Perbak Capital Partners LLP Makes New Investment in United Dominion Realty Trust, Inc. $UDR

Key Points

• Perbak Capital Partners LLP has acquired a new stake in United Dominion Realty Trust, purchasing 8,231 shares valued at approximately $372,000.
• Institutional investors hold a significant 97.82% of United Dominion Realty Trust's stock, with notable recent increases from companies like Spire Wealth Management and National Pension Service.
• United Dominion Realty Trust has announced a quarterly dividend of $0.43 per share, resulting in an annualized yield of 4.3% despite a high payout ratio of 452.63%.

Perbak Capital Partners LLP acquired a new stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,231 shares of the real estate investment trust's stock, valued at approximately $372,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Carronade Capital Management LP lifted its stake in shares of United Dominion Realty Trust by 19.4% in the first quarter. Carronade Capital Management LP now owns 232,627 shares of the real estate investment trust's stock worth $10,508,000 after acquiring an additional 37,775 shares during the period. Nomura Holdings Inc. increased its holdings in United Dominion Realty Trust by 67.6% in the first quarter. Nomura Holdings Inc. now owns 75,002 shares of the real estate investment trust's stock worth $3,388,000 after purchasing an additional 30,254 shares in the last quarter. HGI Capital Management LLC bought a new stake in United Dominion Realty Trust in the first quarter worth approximately $3,045,000. Eisler Capital Management Ltd. bought a new stake in United Dominion Realty Trust in the first quarter worth approximately $11,390,000. Finally, Ieq Capital LLC increased its holdings in United Dominion Realty Trust by 0.7% in the first quarter. Ieq Capital LLC now owns 74,886 shares of the real estate investment trust's stock worth $3,383,000 after purchasing an additional 532 shares in the last quarter. 97.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on UDR. Wall Street Zen downgraded United Dominion Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Morgan Stanley lowered their target price on United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating for the company in a report on Wednesday, August 13th. Evercore ISI lowered their target price on United Dominion Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Wells Fargo & Company lowered their target price on United Dominion Realty Trust from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, August 27th. Finally, Scotiabank lowered their target price on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating for the company in a report on Friday, June 13th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $45.04.

United Dominion Realty Trust Stock Up 0.6%

United Dominion Realty Trust stock traded up $0.24 during trading on Friday, hitting $39.06. 2,475,321 shares of the company were exchanged, compared to its average volume of 2,040,302. The business's 50 day moving average is $39.55 and its 200 day moving average is $41.22. United Dominion Realty Trust, Inc. has a 52 week low of $36.61 and a 52 week high of $47.55. The company has a market capitalization of $12.94 billion, a P/E ratio of 102.80, a PEG ratio of 9.78 and a beta of 0.88. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.The business had revenue of $423.00 million during the quarter, compared to the consensus estimate of $422.64 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. United Dominion Realty Trust's revenue was up 2.4% compared to the same quarter last year. United Dominion Realty Trust has set its Q3 2025 guidance at 0.620-0.640 EPS. FY 2025 guidance at 2.490-2.550 EPS. Analysts predict that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were issued a dividend of $0.43 per share. 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 dividend payout ratio is 452.63%.

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.