United Dominion Realty Trust, Inc. $UDR Shares Sold by Royal Bank of Canada

Key Points

• The Royal Bank of Canada reduced its stake in United Dominion Realty Trust by 11%, selling 30,167 shares and retaining 245,169 shares valued at approximately $11.08 million.
• Several institutional investors, including Teachers Retirement System of Kentucky and Yousif Capital Management, have adjusted their positions in United Dominion Realty Trust, indicating significant interest in the stock.
• Equities analysts have set revised price targets for United Dominion Realty Trust, with the average rating being "Hold" and an average price target of $44.73, reflecting mixed sentiments about the stock's performance.

Royal Bank of Canada lessened its holdings in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 11.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 245,169 shares of the real estate investment trust's stock after selling 30,167 shares during the quarter. Royal Bank of Canada owned approximately 0.07% of United Dominion Realty Trust worth $11,075,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of UDR. Nuveen LLC bought a new position in shares of United Dominion Realty Trust during the 1st quarter worth $79,487,000. Invesco Ltd. boosted its position in United Dominion Realty Trust by 21.5% during the 1st quarter. Invesco Ltd. now owns 9,155,231 shares of the real estate investment trust's stock valued at $413,542,000 after acquiring an additional 1,619,997 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of United Dominion Realty Trust during the fourth quarter worth $42,073,000. GAMMA Investing LLC increased its position in shares of United Dominion Realty Trust by 4,764.6% during the first quarter. GAMMA Investing LLC now owns 411,544 shares of the real estate investment trust's stock worth $18,589,000 after purchasing an additional 403,084 shares in the last quarter. Finally, Eisler Capital Management Ltd. acquired a new stake in shares of United Dominion Realty Trust during the first quarter worth $11,390,000. Institutional investors own 97.82% of the company's stock.

United Dominion Realty Trust Stock Down 0.1%

Shares of United Dominion Realty Trust stock traded down $0.03 during trading hours on Wednesday, hitting $37.28. The company had a trading volume of 2,168,053 shares, compared to its average volume of 2,299,861. The company's 50-day moving average is $39.12 and its two-hundred day moving average is $40.95. The company has a market cap of $12.35 billion, a P/E ratio of 98.12, a price-to-earnings-growth ratio of 9.34 and a beta of 0.88. United Dominion Realty Trust, Inc. has a twelve month low of $36.61 and a twelve month high of $47.11. 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 (NYSE:UDR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $422.64 million. During the same period in the previous year, the company posted $0.62 EPS. The company's quarterly revenue 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. Analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UDR has been the topic of a number of research reports. Morgan Stanley cut their price objective on shares of United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating on the stock in a research note on Wednesday, August 13th. Piper Sandler reissued a "neutral" rating and issued a $43.00 price target (down previously from $48.00) on shares of United Dominion Realty Trust in a research note on Monday, August 4th. Mizuho reduced their target price on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Truist Financial lowered their price objective on United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating on the stock in a research note on Tuesday, August 26th. Finally, BMO Capital Markets set a $44.00 price target on United Dominion Realty Trust in a research note on Thursday, September 4th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $44.38.

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.