Stevens Capital Management LP Purchases Shares of 13,328 United Dominion Realty Trust, Inc. (NYSE:UDR)

Key Points

• Stevens Capital Management LP has acquired 13,328 shares of United Dominion Realty Trust, Inc. (UDR), valued at approximately $602,000, marking a notable investment during the first quarter.
• Institutional investors own 97.82% of UDR stock, reflecting strong interest from large investment firms.
• Analysts have varied opinions on UDR stock, with a consensus rating of "Hold" and a price target averaging $46.07, indicating mixed expectations moving forward.

Stevens Capital Management LP bought a new stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,328 shares of the real estate investment trust's stock, valued at approximately $602,000.

A number of other institutional investors also recently bought and sold shares of UDR. Norges Bank bought a new position in United Dominion Realty Trust in the fourth quarter valued at about $1,273,442,000. Capital Research Global Investors lifted its holdings in United Dominion Realty Trust by 64.1% in the fourth 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 acquiring an additional 5,101,668 shares during the period. Invesco Ltd. lifted its holdings in United Dominion Realty Trust by 92.0% in the fourth quarter. Invesco Ltd. now owns 7,535,234 shares of the real estate investment trust's stock valued at $327,104,000 after acquiring an additional 3,609,925 shares during the period. Northern Trust Corp lifted its holdings in United Dominion Realty Trust by 54.2% in the fourth quarter. Northern Trust Corp now owns 4,853,979 shares of the real estate investment trust's stock valued at $210,711,000 after acquiring an additional 1,706,037 shares during the period. Finally, FMR LLC lifted its holdings 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 acquiring an additional 1,191,432 shares during the period. Institutional investors own 97.82% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on UDR shares. UBS Group decreased their price objective on United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Scotiabank decreased 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. Mizuho decreased their price objective on United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. 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 note on Thursday, May 8th. Finally, Evercore ISI set a $46.00 price objective on United Dominion Realty Trust and gave the stock an "outperform" rating in a research note on Monday, July 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $46.07.

United Dominion Realty Trust Price Performance

Shares of NYSE:UDR traded up $0.34 during trading on Tuesday, hitting $40.24. 862,547 shares of the company's stock were exchanged, compared to its average volume of 2,181,476. 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, Inc. has a 52-week low of $36.61 and a 52-week high of $47.55. The business's 50-day simple moving average is $40.84 and its 200 day simple moving average is $41.86. The company has a market cap of $13.33 billion, a price-to-earnings ratio of 114.97, a PEG ratio of 13.47 and a beta of 0.82.

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, hitting the consensus estimate 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 quarter last year, the business posted $0.61 earnings per share. The firm's revenue was up 2.0% on a year-over-year basis. As a group, equities analysts predict that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio is presently 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.