SG Americas Securities LLC Has $682,000 Stock Position in United Dominion Realty Trust, Inc. (NYSE:UDR)

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

Several other large investors have also recently added to or reduced their stakes in UDR. Sentry Investment Management LLC bought a new stake in shares of United Dominion Realty Trust in the 1st quarter valued at approximately $47,000. Smartleaf Asset Management LLC grew its stake in shares of United Dominion Realty Trust by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 491 shares during the period. Continuum Advisory LLC grew its stake in shares of United Dominion Realty Trust by 38.0% in the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 351 shares during the period. UMB Bank n.a. grew its stake in shares of United Dominion Realty Trust by 47.8% in the 1st quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust's stock valued at $61,000 after purchasing an additional 434 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of United Dominion Realty Trust in the 4th quarter valued at approximately $114,000. Institutional investors and hedge funds own 97.84% of the company's stock.

United Dominion Realty Trust Trading Down 0.2%

Shares of UDR stock traded down $0.06 during trading hours 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 has a 50 day moving average of $41.45 and a 200 day moving average of $42.34. The company has a debt-to-equity ratio of 1.77, a current ratio of 8.35 and a quick ratio of 8.35. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 117.30, a P/E/G ratio of 13.67 and a beta of 0.83. 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 posted 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. The company had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. United Dominion Realty Trust had a return on equity of 3.73% and a net margin of 7.33%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS. On average, equities research analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UDR. Barclays increased their price target 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. Royal Bank Of Canada increased their price target 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. Mizuho decreased 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. Truist Financial lowered United Dominion Realty Trust from a "buy" rating to a "hold" rating and increased their price target for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Finally, Scotiabank decreased their price target on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Friday, June 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average 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.