Raymond James Financial Inc. Reduces Position in United Dominion Realty Trust, Inc. $UDR

Key Points

• Raymond James Financial Inc. has reduced its stake in United Dominion Realty Trust by 6.4%, now owning approximately 0.15% of the firm with a value of $22.07 million.
• United Dominion Realty Trust posted a quarterly EPS of $0.64, exceeding analysts' expectations of $0.62, with revenue reaching $423 million.
• The company announced a quarterly dividend of $0.43, resulting in an annualized dividend yield of 4.4%, with a payout ratio of 452.63%.

Raymond James Financial Inc. trimmed its holdings in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 488,530 shares of the real estate investment trust's stock after selling 33,506 shares during the quarter. Raymond James Financial Inc. owned 0.15% of United Dominion Realty Trust worth $22,067,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky raised its position in shares of United Dominion Realty Trust by 4.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 23,191 shares of the real estate investment trust's stock valued at $1,048,000 after buying an additional 989 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of United Dominion Realty Trust by 35.1% during the 1st quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust's stock valued at $2,968,000 after buying an additional 17,061 shares in the last quarter. Amalgamated Bank raised its position in shares of United Dominion Realty Trust by 1.6% during the 1st quarter. Amalgamated Bank now owns 59,947 shares of the real estate investment trust's stock valued at $2,708,000 after buying an additional 936 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of United Dominion Realty Trust during the 1st quarter valued at about $431,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of United Dominion Realty Trust by 7.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,581 shares of the real estate investment trust's stock valued at $523,000 after buying an additional 842 shares in the last quarter. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

United Dominion Realty Trust Stock Up 1.5%

NYSE UDR traded up $0.60 on Monday, hitting $39.60. The stock had a trading volume of 2,551,720 shares, compared to its average volume of 1,952,593. The business's fifty day moving average price is $39.71 and its 200 day moving average price is $41.34. The company has a debt-to-equity ratio of 1.76, a current ratio of 5.22 and a quick ratio of 5.22. United Dominion Realty Trust, Inc. has a 52-week low of $36.61 and a 52-week high of $47.55. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 104.20, a price-to-earnings-growth ratio of 9.91 and a beta of 0.88.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released 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 net margin of 7.81% and a return on equity of 4.11%. The business had revenue of $423.00 million for the quarter, compared to analyst estimates of $422.64 million. During the same period in the previous year, the company earned $0.62 earnings per share. The business's revenue for the quarter was up 2.4% on a year-over-year basis. 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. Equities research analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 10th. United Dominion Realty Trust's payout ratio is currently 452.63%.

Analysts Set New Price Targets

A number of research firms recently weighed in on UDR. Barclays reduced their price objective on shares of United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Piper Sandler reissued a "neutral" rating and issued a $43.00 price objective (down from $48.00) on shares of United Dominion Realty Trust in a research report on Monday, August 4th. 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 research report on Thursday, May 8th. Truist Financial reduced their price objective on shares of United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating on the stock in a research report on Tuesday, August 26th. Finally, Evercore ISI reduced their price objective on shares of United Dominion Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $44.83.

About United Dominion Realty Trust

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.