Royal Bank of Canada Sells 30,167 Shares of United Dominion Realty Trust, Inc. $UDR

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 lowered its stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 11.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 245,169 shares of the real estate investment trust's stock after selling 30,167 shares during the period. Royal Bank of Canada owned 0.07% of United Dominion Realty Trust worth $11,075,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Teachers Retirement System of The State of Kentucky grew its holdings in United Dominion Realty Trust by 4.5% in 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 boosted its stake in United Dominion Realty Trust by 35.1% in the first 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 boosted its stake in shares of United Dominion Realty Trust by 1.6% in the 1st quarter. Amalgamated Bank now owns 59,947 shares of the real estate investment trust's stock valued at $2,708,000 after purchasing an additional 936 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of United Dominion Realty Trust in the 1st quarter valued at approximately $431,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of United Dominion Realty Trust by 7.8% in 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 purchasing an additional 842 shares in the last quarter. 97.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Evercore ISI dropped their target price on United Dominion Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a research 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. BMO Capital Markets set a $44.00 price objective on United Dominion Realty Trust in a report on Thursday, September 4th. Mizuho decreased their price objective on United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Finally, Morgan Stanley decreased their price target 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. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $44.73.

United Dominion Realty Trust Stock Up 1.9%

UDR opened at $38.92 on Friday. The stock has a market cap of $12.89 billion, a PE ratio of 102.41, a P/E/G ratio of 9.56 and a beta of 0.88. The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 1.76. United Dominion Realty Trust, Inc. has a 52 week low of $36.61 and a 52 week high of $47.55. The business's fifty day simple moving average is $39.38 and its 200 day simple moving average is $41.13.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $423.00 million for the quarter, compared to analysts' expectations of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.United Dominion Realty Trust's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.62 EPS. 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. As a group, research analysts expect that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current fiscal year.

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.

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