United Dominion Realty Trust, Inc. (NYSE:UDR) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 120.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,108 shares of the real estate investment trust's stock after buying an additional 8,259 shares during the period. SG Americas Securities LLC's holdings in United Dominion Realty Trust were worth $682,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UDR. GAMMA Investing LLC boosted its stake in shares of United Dominion Realty Trust by 7.7% in the first quarter. GAMMA Investing LLC now owns 9,111 shares of the real estate investment trust's stock worth $412,000 after acquiring an additional 651 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of 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 during the last quarter. Cetera Trust Company N.A raised its position in shares of United Dominion Realty Trust by 10.5% in the first quarter. Cetera Trust Company N.A now owns 5,525 shares of the real estate investment trust's stock valued at $250,000 after buying an additional 525 shares during the last quarter. Vert Asset Management LLC lifted its stake in shares of United Dominion Realty Trust by 6.4% in the first quarter. Vert Asset Management LLC now owns 146,679 shares of the real estate investment trust's stock worth $6,625,000 after buying an additional 8,817 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in United Dominion Realty Trust by 47.8% during the first quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust's stock worth $61,000 after acquiring an additional 434 shares during the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

United Dominion Realty Trust Trading Down 0.9%

United Dominion Realty Trust stock traded down $0.38 during trading on Tuesday, hitting $41.01. The company had a trading volume of 3,766,932 shares, compared to its average volume of 2,174,627. The stock has a market cap of $13.59 billion, a price-to-earnings ratio of 117.17, a price-to-earnings-growth ratio of 13.67 and a beta of 0.83. The company has a current ratio of 8.35, a quick ratio of 8.35 and a debt-to-equity ratio of 1.77. United Dominion Realty Trust, Inc. has a 1-year low of $36.61 and a 1-year high of $47.55. The company's 50 day simple moving average is $41.46 and its 200-day simple moving average is $42.30.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) 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 analyst estimates of $421.23 million. During the same period last year, the business posted $0.61 earnings per share. United Dominion Realty Trust's revenue was up 2.0% compared to the same quarter last year. As a group, analysts expect that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Announces Dividend

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

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.