Sumitomo Mitsui Trust Group Inc. Has $97.76 Million Holdings in United Dominion Realty Trust, Inc. (NYSE:UDR)

Sumitomo Mitsui Trust Group Inc. grew its stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,164,207 shares of the real estate investment trust's stock after buying an additional 13,720 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.65% of United Dominion Realty Trust worth $97,757,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in UDR. Norges Bank acquired a new position in United Dominion Realty Trust during the fourth quarter worth $1,273,442,000. Capital Research Global Investors boosted its holdings in United Dominion Realty Trust by 64.1% during the fourth quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust's stock worth $566,940,000 after purchasing an additional 5,101,668 shares during the last quarter. Invesco Ltd. boosted its holdings in United Dominion Realty Trust by 92.0% during the fourth quarter. Invesco Ltd. now owns 7,535,234 shares of the real estate investment trust's stock worth $327,104,000 after purchasing an additional 3,609,925 shares during the last quarter. Northern Trust Corp boosted its holdings 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 purchasing an additional 1,706,037 shares during the last quarter. Finally, FMR LLC boosted its holdings in United Dominion Realty Trust by 10.5% during the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock worth $546,639,000 after purchasing an additional 1,191,432 shares during the last quarter. Institutional investors own 97.84% of the company's stock.

United Dominion Realty Trust Price Performance

Shares of UDR opened at $40.69 on Monday. The firm has a market capitalization of $13.48 billion, a PE ratio of 116.25, a PEG ratio of 13.56 and a beta of 0.83. The company's 50-day moving average is $41.43 and its 200-day moving average is $42.19. United Dominion Realty Trust, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55. 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 EPS for the quarter, hitting analysts' consensus estimates of $0.61. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. The business had revenue of $419.84 million for the quarter, compared to analyst estimates of $421.23 million. During the same period last year, the firm earned $0.61 earnings per share. United Dominion Realty Trust's revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts forecast 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. 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 4.23%. United Dominion Realty Trust's payout ratio is currently 491.43%.

Wall Street Analyst Weigh In

Several brokerages recently commented on UDR. Royal Bank Of Canada increased their target price on shares of 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. Mizuho dropped their price target on shares of 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 target on shares of 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 dropped their price target on shares of 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. Finally, Truist Financial lowered shares of United Dominion Realty Trust from a "buy" rating to a "hold" rating and upped their price target for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company 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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