Chevy Chase Trust Holdings LLC Trims Stake in United Dominion Realty Trust, Inc. (NYSE:UDR)

Chevy Chase Trust Holdings LLC trimmed its holdings in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 5.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 399,904 shares of the real estate investment trust's stock after selling 24,004 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.12% of United Dominion Realty Trust worth $18,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Yousif Capital Management LLC grew its stake in United Dominion Realty Trust by 35.1% in the 1st quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust's stock valued at $2,968,000 after buying an additional 17,061 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in United Dominion Realty Trust in the 1st quarter valued at approximately $431,000. SG Americas Securities LLC grew its stake in United Dominion Realty Trust by 120.6% in the 1st quarter. SG Americas Securities LLC now owns 15,108 shares of the real estate investment trust's stock valued at $682,000 after buying an additional 8,259 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in United Dominion Realty Trust by 25.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 27,882 shares of the real estate investment trust's stock valued at $1,259,000 after buying an additional 5,634 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new position in United Dominion Realty Trust in the 1st quarter valued at approximately $274,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

United Dominion Realty Trust Trading Down 0.3%

Shares of NYSE:UDR traded down $0.13 during midday trading on Friday, hitting $40.69. 2,793,174 shares of the stock traded hands, compared to its average volume of 2,185,890. The stock has a market capitalization of $13.48 billion, a PE ratio of 116.25, a P/E/G ratio of 13.56 and a beta of 0.83. The business's 50 day moving average is $41.43 and its two-hundred day moving average is $42.19. The company has a quick ratio of 8.35, a current ratio of 8.35 and a debt-to-equity ratio of 1.77. United Dominion Realty Trust, Inc. has a one year low of $36.61 and a one year high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, meeting the consensus estimate of $0.61. The firm had revenue of $419.84 million during the quarter, compared to the consensus estimate of $421.23 million. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. As a group, research analysts forecast that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio (DPR) is 491.43%.

Analysts Set New Price Targets

A number of research analysts recently weighed in 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. Truist Financial lowered shares of United Dominion Realty Trust from a "buy" rating to a "hold" rating and boosted their price target for the company from $45.00 to $46.00 in a research report on Monday, March 10th. Mizuho reduced 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 report on Friday, May 23rd. Royal Bank Of Canada boosted their price target on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Finally, Barclays lifted their price objective on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $46.38.

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.