Charles Schwab Investment Management Inc. Buys 69,154 Shares of United Dominion Realty Trust, Inc. (NYSE:UDR)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in United Dominion Realty Trust by 1.6%, owning 4,436,208 shares valued at approximately $200 million as of the latest filing.
• The real estate investment trust reported a quarterly EPS of $0.64, exceeding analysts' expectations and showing a 2.4% year-over-year revenue growth.
• United Dominion's latest dividend was $0.43, reflecting an annualized dividend of $1.72, with a high payout ratio of 452.63%.

Charles Schwab Investment Management Inc. raised its holdings in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,436,208 shares of the real estate investment trust's stock after acquiring an additional 69,154 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.34% of United Dominion Realty Trust worth $200,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors raised its stake in shares of 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 valued at $566,940,000 after acquiring an additional 5,101,668 shares during the last quarter. Northern Trust Corp boosted 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 worth $210,711,000 after purchasing an additional 1,706,037 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of United Dominion Realty Trust during the 4th quarter worth $42,073,000. Waterfront Capital Partners LLC bought a new stake in shares of United Dominion Realty Trust during the 4th quarter valued at $26,742,000. Finally, Deutsche Bank AG increased its holdings in United Dominion Realty Trust by 56.6% in the 4th quarter. Deutsche Bank AG now owns 1,451,122 shares of the real estate investment trust's stock valued at $62,993,000 after acquiring an additional 524,623 shares during the last quarter. Institutional investors own 97.82% of the company's stock.

United Dominion Realty Trust Stock Up 0.9%

Shares of NYSE UDR traded up $0.33 during trading hours on Tuesday, hitting $37.83. The stock had a trading volume of 1,348,298 shares, compared to its average volume of 2,530,937. The company has a market capitalization of $12.53 billion, a P/E ratio of 99.55, a P/E/G ratio of 9.40 and a beta of 0.84. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22. The firm's 50-day moving average price is $40.40 and its two-hundred day moving average price is $41.67. United Dominion Realty Trust, Inc. has a 52 week low of $36.61 and a 52 week high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly 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. The company had revenue of $423.00 million during the quarter, compared to analyst estimates of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%. The company's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 earnings per share. Analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on UDR. Royal Bank Of Canada lifted their price target on shares of 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. Evercore ISI lowered their price target 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. Wall Street Zen downgraded shares of United Dominion Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday. Piper Sandler restated a "neutral" rating and set a $43.00 price objective (down from $48.00) on shares of United Dominion Realty Trust in a research report on Monday, August 4th. Finally, UBS Group lowered their price objective on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $45.29.

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.