United Dominion Realty Trust, Inc. $UDR Shares Purchased by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. has increased its holdings in United Dominion Realty Trust by 9.0%, now owning 181,413 shares valued at approximately $8.11 million.
• Several institutional investors have also adjusted their stakes in United Dominion Realty Trust, with Invesco Ltd. notably increasing its holdings by 21.5%, totaling over $413 million.
• Analysts have given United Dominion Realty Trust an average rating of "Hold" with a price target of around $45.23, while Wall Street Zen recently downgraded it from a hold to a sell rating.

Resona Asset Management Co. Ltd. grew its holdings in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 9.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 181,413 shares of the real estate investment trust's stock after buying an additional 14,948 shares during the period. Resona Asset Management Co. Ltd. owned 0.05% of United Dominion Realty Trust worth $8,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Research Global Investors boosted 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 purchasing an additional 5,101,668 shares in the last quarter. Nuveen LLC acquired a new position in shares of United Dominion Realty Trust in the 1st quarter valued at $79,487,000. Northern Trust Corp grew its position in shares of United Dominion Realty Trust by 54.2% in the 4th quarter. Northern Trust Corp now owns 4,853,979 shares of the real estate investment trust's stock valued at $210,711,000 after buying an additional 1,706,037 shares during the last quarter. Invesco Ltd. raised its stake in United Dominion Realty Trust by 21.5% during the 1st quarter. Invesco Ltd. now owns 9,155,231 shares of the real estate investment trust's stock worth $413,542,000 after acquiring an additional 1,619,997 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in United Dominion Realty Trust in the fourth quarter valued at $42,073,000. 97.82% of the stock is owned by institutional investors and hedge funds.

United Dominion Realty Trust Price Performance

United Dominion Realty Trust stock traded up $0.4430 during midday trading on Tuesday, reaching $38.5530. The company's stock had a trading volume of 335,078 shares, compared to its average volume of 2,224,958. The firm has a market capitalization of $12.77 billion, a PE ratio of 101.36, a P/E/G ratio of 9.64 and a beta of 0.84. United Dominion Realty Trust, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55. The stock's 50 day simple moving average is $40.17 and its 200 day simple moving average is $41.59. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.The company had revenue of $423.00 million for the quarter, compared to the consensus estimate of $422.64 million. During the same period in the previous year, the business earned $0.62 earnings per share. United Dominion Realty Trust's quarterly revenue was up 2.4% compared to the same quarter last year. United Dominion Realty Trust has set its Q3 2025 guidance at 0.620-0.640 EPS. FY 2025 guidance at 2.490-2.550 EPS. On average, equities research analysts forecast that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio is 452.63%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays cut their target price on United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Morgan Stanley reduced their price objective on United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating for the company in a research note on Wednesday, August 13th. Evercore ISI cut their target price on shares of United Dominion Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Mizuho decreased their price target on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Finally, UBS Group dropped their price objective on shares of 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. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, United Dominion Realty Trust presently has a consensus rating of "Hold" and a consensus price target of $45.23.

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.