Nisa Investment Advisors LLC Has $5.78 Million Position in United Dominion Realty Trust, Inc. (NYSE:UDR)

Nisa Investment Advisors LLC lowered its holdings in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 51.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 127,899 shares of the real estate investment trust's stock after selling 137,268 shares during the quarter. Nisa Investment Advisors LLC's holdings in United Dominion Realty Trust were worth $5,777,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Spire Wealth Management boosted its holdings in United Dominion Realty Trust by 3,079.2% in the 1st quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust's stock worth $34,000 after buying an additional 739 shares during the period. Sentry Investment Management LLC purchased a new position in United Dominion Realty Trust during the first quarter worth approximately $47,000. Horizon Financial Services LLC purchased a new position in United Dominion Realty Trust in the 1st quarter worth approximately $51,000. Continuum Advisory LLC grew its stake in shares of United Dominion Realty Trust by 38.0% in the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock valued at $55,000 after buying an additional 351 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of United Dominion Realty Trust by 47.8% in the 1st quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust's stock valued at $61,000 after acquiring an additional 434 shares during the period. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UDR shares. UBS Group cut their price target on United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday. Royal Bank Of Canada lifted their target price on United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Scotiabank dropped their price objective on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a research note on Friday, June 13th. Barclays boosted 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 research report on Friday, May 9th. Finally, Evercore ISI set a $46.00 price objective on shares of United Dominion Realty Trust and gave the company an "outperform" rating in a research note on Monday, July 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, United Dominion Realty Trust presently has a consensus rating of "Hold" and an average price target of $46.00.

United Dominion Realty Trust Trading Down 1.0%

Shares of UDR traded down $0.40 during mid-day trading on Tuesday, reaching $39.96. The company's stock had a trading volume of 2,251,275 shares, compared to its average volume of 2,175,484. United Dominion Realty Trust, Inc. has a 52 week low of $36.61 and a 52 week high of $47.55. The company has a current ratio of 8.35, a quick ratio of 8.35 and a debt-to-equity ratio of 1.77. The stock has a market cap of $13.24 billion, a PE ratio of 114.17, a P/E/G ratio of 13.47 and a beta of 0.82. The company's fifty day moving average price is $41.16 and its two-hundred day moving average price is $41.96.

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, hitting analysts' consensus estimates of $0.61. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. The company had revenue of $419.84 million during the quarter, compared to the consensus estimate of $421.23 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. United Dominion Realty Trust's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts predict that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.30%. United Dominion Realty Trust's payout ratio is 491.43%.

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.