Teacher Retirement System of Texas Sells 134,235 Shares of United Dominion Realty Trust, Inc. (NYSE:UDR)

Teacher Retirement System of Texas decreased its holdings in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 74.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,826 shares of the real estate investment trust's stock after selling 134,235 shares during the quarter. Teacher Retirement System of Texas' holdings in United Dominion Realty Trust were worth $2,070,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management grew its position in United Dominion Realty Trust by 3,079.2% in the first quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust's stock worth $34,000 after buying an additional 739 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in shares of United Dominion Realty Trust in the first quarter valued at $47,000. Horizon Financial Services LLC acquired a new stake in shares of United Dominion Realty Trust in the first quarter worth $51,000. Continuum Advisory LLC boosted its position in shares of United Dominion Realty Trust by 38.0% in the fourth quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock worth $55,000 after buying an additional 351 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of United Dominion Realty Trust by 47.8% in the first quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust's stock worth $61,000 after buying an additional 434 shares during the period. Institutional investors and hedge funds own 97.84% of the company's stock.

United Dominion Realty Trust Stock Down 0.1%

NYSE UDR traded down $0.04 during trading on Monday, hitting $40.37. 1,297,307 shares of the company traded hands, compared to its average volume of 2,175,181. United Dominion Realty Trust, Inc. has a 12 month low of $36.61 and a 12 month high of $47.55. The business has a fifty day simple moving average of $41.16 and a 200 day simple moving average of $41.96. The company has a current ratio of 8.35, a quick ratio of 8.35 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $13.37 billion, a P/E ratio of 115.33, a PEG ratio of 13.47 and a beta of 0.82.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, meeting 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 company had revenue of $419.84 million for the quarter, compared to analyst estimates of $421.23 million. During the same period last year, the company earned $0.61 earnings per share. The business's revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

United Dominion Realty Trust Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.26%. United Dominion Realty Trust's dividend payout ratio (DPR) is currently 491.43%.

Analyst Ratings Changes

Several brokerages have recently commented on UDR. Mizuho decreased their target price 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. Evercore ISI set a $46.00 target price on United Dominion Realty Trust and gave the stock an "outperform" rating in a research report on Monday, July 7th. Barclays raised their target price 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 decreased their target price 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. Finally, Royal Bank Of Canada raised their target price 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $46.44.

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.