United Dominion Realty Trust, Inc. (NYSE:UDR) Shares Sold by Forsta AP Fonden

Key Points

• Forsta AP Fonden significantly reduced its stake in United Dominion Realty Trust by 63.5%, selling 96,500 shares and leaving it with 55,500 shares valued at approximately $2.5 million.
• The company's stock experienced a 1.5% decline, trading at $37.52, with a market cap of $12.43 billion and a price-to-earnings ratio of 98.73.
• United Dominion Realty Trust declared a quarterly dividend of $0.43 per share, representing an annualized dividend yield of 4.6%, but the payout ratio is unusually high at 452.63%.

Forsta AP Fonden decreased its position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 63.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,500 shares of the real estate investment trust's stock after selling 96,500 shares during the quarter. Forsta AP Fonden's holdings in United Dominion Realty Trust were worth $2,507,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in UDR. Capital Research Global Investors grew its stake in United Dominion Realty Trust by 64.1% in the 4th 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 period. Northern Trust Corp grew its stake in 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 acquiring an additional 1,706,037 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in United Dominion Realty Trust in the 4th quarter valued at $42,073,000. Waterfront Capital Partners LLC acquired a new stake in United Dominion Realty Trust in the 4th quarter valued at $26,742,000. Finally, Deutsche Bank AG grew its stake 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 period. Institutional investors and hedge funds own 97.82% of the company's stock.

United Dominion Realty Trust Trading Down 1.5%

Shares of UDR stock opened at $37.52 on Tuesday. The company's 50-day moving average price is $40.46 and its 200-day moving average price is $41.70. 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 $12.43 billion, a price-to-earnings ratio of 98.73, a PEG ratio of 9.54 and a beta of 0.84. United Dominion Realty Trust, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $423.00 million for the quarter, compared to analysts' expectations of $422.64 million. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. The company's revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. As a group, equities analysts predict 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 declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.72 annualized dividend and a dividend yield of 4.6%. United Dominion Realty Trust's payout ratio is presently 452.63%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UDR. UBS Group dropped their price target 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. Wall Street Zen cut shares of United Dominion Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday. Barclays lifted their price target on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Royal Bank Of Canada lifted their target price 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. Finally, Mizuho lowered their target price on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, United Dominion Realty Trust currently has a consensus rating of "Hold" and an average target price of $45.57.

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.

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