Russell Investments Group Ltd. Acquires 46,963 Shares of United Dominion Realty Trust, Inc. $UDR

Key Points

• Russell Investments Group Ltd. increased its shareholding in United Dominion Realty Trust, Inc. by 5.2%, owning 949,643 shares valued at approximately $42.9 million.
• UDR's average price target is set at $45.23, with multiple analysts rating the stock as a "hold" despite some lowering their target prices.
• The company recently announced a quarterly dividend of $0.43 per share, resulting in an annualized yield of 4.5%, although its payout ratio is notably high at 452.63%.

Russell Investments Group Ltd. raised its holdings in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 949,643 shares of the real estate investment trust's stock after acquiring an additional 46,963 shares during the quarter. Russell Investments Group Ltd. owned about 0.29% of United Dominion Realty Trust worth $42,895,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky raised its holdings in United Dominion Realty Trust by 4.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,191 shares of the real estate investment trust's stock worth $1,048,000 after purchasing an additional 989 shares during the period. Yousif Capital Management LLC grew its stake in United Dominion Realty Trust by 35.1% in the first quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust's stock valued at $2,968,000 after acquiring an additional 17,061 shares during the period. Amalgamated Bank raised its position in shares of United Dominion Realty Trust by 1.6% during the first quarter. Amalgamated Bank now owns 59,947 shares of the real estate investment trust's stock worth $2,708,000 after purchasing an additional 936 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of United Dominion Realty Trust during the 1st quarter valued at about $431,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of United Dominion Realty Trust by 7.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,581 shares of the real estate investment trust's stock valued at $523,000 after purchasing an additional 842 shares during the period. Institutional investors own 97.82% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Scotiabank reduced their price objective on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating for the company in a research note on Friday, June 13th. Evercore ISI reduced their price target on United Dominion Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Mizuho lowered their price target on 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. Royal Bank Of Canada increased their price objective on United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Finally, UBS Group lowered their target price on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, United Dominion Realty Trust has a consensus rating of "Hold" and a consensus target price of $45.23.

United Dominion Realty Trust Price Performance

NYSE UDR traded up $0.4430 on Tuesday, hitting $38.5530. 335,078 shares of the company's stock were exchanged, compared to its average volume of 2,224,958. United Dominion Realty Trust, Inc. has a 52 week low of $36.61 and a 52 week high of $47.55. The stock has a 50-day moving average of $40.17 and a 200-day moving average of $41.59. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 101.36, a P/E/G ratio of 9.64 and a beta of 0.84.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $423.00 million for 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%.United Dominion Realty Trust's revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. 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. Analysts expect that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Dividend Announcement

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

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.