S. R. Schill & Associates Makes New $3.96 Million Investment in United Dominion Realty Trust, Inc. (NYSE:UDR)

S. R. Schill & Associates purchased a new position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 87,742 shares of the real estate investment trust's stock, valued at approximately $3,963,000. United Dominion Realty Trust makes up about 3.2% of S. R. Schill & Associates' portfolio, making the stock its 10th largest holding.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in United Dominion Realty Trust in the fourth quarter valued at $1,273,442,000. Capital Research Global Investors boosted its position in shares of United Dominion Realty Trust by 64.1% in the 4th quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust's stock valued at $566,940,000 after purchasing an additional 5,101,668 shares during the period. Invesco Ltd. grew its stake in United Dominion Realty Trust by 92.0% during the 4th quarter. Invesco Ltd. now owns 7,535,234 shares of the real estate investment trust's stock worth $327,104,000 after buying an additional 3,609,925 shares during the last quarter. Northern Trust Corp increased its position in United Dominion Realty Trust by 54.2% during the fourth quarter. Northern Trust Corp now owns 4,853,979 shares of the real estate investment trust's stock worth $210,711,000 after buying an additional 1,706,037 shares during the period. Finally, FMR LLC lifted its stake in United Dominion Realty Trust by 10.5% in the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock valued at $546,639,000 after buying an additional 1,191,432 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company's stock.

United Dominion Realty Trust Stock Down 0.5%

UDR opened at $40.97 on Wednesday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 8.35 and a current ratio of 8.35. The company has a market cap of $13.57 billion, a PE ratio of 117.06, a price-to-earnings-growth ratio of 13.71 and a beta of 0.83. The firm has a 50 day moving average price of $41.38 and a 200 day moving average price of $42.42. United Dominion Realty Trust, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, hitting analysts' consensus estimates of $0.61. The firm had revenue of $419.84 million for the quarter, compared to analyst estimates of $421.23 million. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. The firm's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. Sell-side analysts expect that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.20%. United Dominion Realty Trust's dividend payout ratio (DPR) is 491.43%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UDR. Truist Financial cut shares of United Dominion Realty Trust from a "buy" rating to a "hold" rating and lifted their target price for the company from $45.00 to $46.00 in a report on Monday, March 10th. Scotiabank decreased their target price on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating for the company in a research note on Friday, June 13th. Mizuho dropped their price target on United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Barclays upped their price objective on United Dominion Realty Trust from $48.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, Royal Bank Of Canada lifted their target price on United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, United Dominion Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $46.38.

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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