Public Employees Retirement System of Ohio Buys Shares of 470,085 United Dominion Realty Trust, Inc. $UDR

Key Points

• Public Employees Retirement System of Ohio acquired 470,085 UDR shares worth approximately $18.8 million, representing about 0.15% of the company. Institutional investors collectively own 97.82% of United Dominion Realty Trust.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $41.66, versus the stock’s reported price of $37.19.
• UDR beat quarterly earnings estimates, reporting $0.21 EPS versus the $0.13 consensus, while its board authorized a 25 million-share repurchase plan; meanwhile, CEO Thomas W. Toomey sold 80,000 shares.

Public Employees Retirement System of Ohio bought a new position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 470,085 shares of the real estate investment trust's stock, valued at approximately $18,766,000. Public Employees Retirement System of Ohio owned about 0.15% of United Dominion Realty Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UDR. BlackRock Inc. purchased a new stake in shares of United Dominion Realty Trust during the 2nd quarter valued at about $1,247,535,000. Canada Pension Plan Investment Board purchased a new position in United Dominion Realty Trust in the 2nd quarter worth approximately $219,560,000. Bank of New York Mellon Corp bought a new position in United Dominion Realty Trust in the 2nd quarter worth approximately $89,660,000. Legal & General Group Plc bought a new stake in shares of United Dominion Realty Trust during the second quarter valued at approximately $78,688,000. Finally, Bank of America Corp DE purchased a new position in shares of United Dominion Realty Trust in the second quarter worth $56,374,000. 97.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wall Street Zen upgraded United Dominion Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, August 9th. Citigroup decreased their price objective on shares of United Dominion Realty Trust from $42.00 to $40.50 and set a "neutral" rating for the company in a research note on Wednesday, May 6th. Evercore reiterated an "outperform" rating on shares of United Dominion Realty Trust in a report on Monday, June 8th. Scotiabank raised their price target on United Dominion Realty Trust from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $44.00 price objective on shares of United Dominion Realty Trust in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, United Dominion Realty Trust has an average rating of "Hold" and a consensus target price of $41.66.

Insider Activity at United Dominion Realty Trust

In related news, CEO Thomas W. Toomey sold 80,000 shares of the company's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $39.25, for a total transaction of $3,140,000.00. Following the completion of the sale, the chief executive officer directly owned 810,455 shares in the company, valued at $31,810,358.75. This represents a 8.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.82% of the company's stock.

United Dominion Realty Trust Trading Up 0.3%

NYSE UDR opened at $37.19 on Friday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.22 and a current ratio of 4.22. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 9.45 and a beta of 0.70. The company's 50-day simple moving average is $38.93 and its two-hundred day simple moving average is $37.46. United Dominion Realty Trust, Inc. has a one year low of $32.94 and a one year high of $42.00.

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

United Dominion Realty Trust announced that its board has authorized a share repurchase plan on Monday, May 4th that permits the company to repurchase 25,000,000 outstanding shares. This repurchase authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

United Dominion Realty Trust Profile

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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