S. R. Schill & Associates Purchases New Shares in United Dominion Realty Trust, Inc. (NYSE:UDR)

S. R. Schill & Associates bought a new stake in shares of 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 SEC. The institutional investor bought 87,742 shares of the real estate investment trust's stock, valued at approximately $3,963,000. United Dominion Realty Trust accounts for approximately 3.2% of S. R. Schill & Associates' investment portfolio, making the stock its 10th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in UDR. Norges Bank bought a new stake in United Dominion Realty Trust during the 4th quarter valued at approximately $1,273,442,000. Capital Research Global Investors lifted 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 worth $566,940,000 after acquiring an additional 5,101,668 shares during the period. Invesco Ltd. lifted its position in shares of United Dominion Realty Trust by 92.0% in the 4th quarter. Invesco Ltd. now owns 7,535,234 shares of the real estate investment trust's stock worth $327,104,000 after acquiring an additional 3,609,925 shares during the period. Northern Trust Corp lifted its position in shares of United Dominion Realty Trust by 54.2% in the 4th quarter. Northern Trust Corp now owns 4,853,979 shares of the real estate investment trust's stock worth $210,711,000 after acquiring an additional 1,706,037 shares during the period. Finally, FMR LLC lifted its position in shares of United Dominion Realty Trust by 10.5% in the 4th quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock worth $546,639,000 after acquiring an additional 1,191,432 shares during the period. Institutional investors own 97.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on UDR shares. Truist Financial downgraded United Dominion Realty Trust from a "buy" rating to a "hold" rating and raised their price objective for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Barclays raised their price objective on United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Scotiabank reduced their price objective on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating for the company in a research report on Friday, June 13th. Royal Bank Of Canada raised their price objective on 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. Finally, Mizuho reduced their price objective on 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. One investment 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $46.38.

United Dominion Realty Trust Price Performance

Shares of UDR traded down $0.06 during mid-day trading on Friday, reaching $41.06. The company had a trading volume of 4,073,092 shares, compared to its average volume of 2,165,817. The company's 50-day moving average is $41.45 and its 200-day moving average is $42.34. United Dominion Realty Trust, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55. The company has a market capitalization of $13.60 billion, a P/E ratio of 117.30, a P/E/G ratio of 13.67 and a beta of 0.83. The company has a debt-to-equity ratio of 1.77, a current ratio of 8.35 and a quick ratio of 8.35.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, meeting analysts' consensus estimates of $0.61. United Dominion Realty Trust had a return on equity of 3.73% and a net margin of 7.33%. The firm had revenue of $419.84 million during the quarter, compared to analysts' expectations of $421.23 million. During the same period last year, the firm posted $0.61 EPS. The business's revenue was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.19%. United Dominion Realty Trust's dividend payout ratio is 491.43%.

United Dominion Realty Trust Company 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.