Nisa Investment Advisors LLC Sells 137,268 Shares of United Dominion Realty Trust, Inc. (NYSE:UDR)

Nisa Investment Advisors LLC lowered its stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 51.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Spire Wealth Management increased its position in shares of United Dominion Realty Trust by 3,079.2% during the first quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 739 shares during the period. Sentry Investment Management LLC purchased a new position in shares of United Dominion Realty Trust during the first quarter valued at about $47,000. Horizon Financial Services LLC purchased a new position in shares of United Dominion Realty Trust during the first quarter valued at about $51,000. Continuum Advisory LLC increased its position in shares of United Dominion Realty Trust by 38.0% during the fourth 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. increased its position in shares of United Dominion Realty Trust by 47.8% during the first quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 434 shares during the period. Hedge funds and other institutional investors own 97.84% of the company's stock.

Analysts Set New Price Targets

UDR has been the topic of several research analyst reports. 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. Evercore ISI set a $46.00 price objective on shares of United Dominion Realty Trust and gave the stock an "outperform" rating in a report on Monday, July 7th. Mizuho cut their price objective on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Scotiabank cut their price objective on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a report on Friday, June 13th. Finally, Barclays upped 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 equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, United Dominion Realty Trust currently has a consensus rating of "Hold" and an average target price of $46.44.

United Dominion Realty Trust Stock Down 0.3%

Shares of NYSE:UDR traded down $0.12 during trading on Friday, reaching $40.37. 1,193,921 shares of the stock traded hands, compared to its average volume of 2,178,706. The stock has a 50-day moving average of $41.21 and a two-hundred day moving average of $41.99. 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 debt-to-equity ratio of 1.77, a quick ratio of 8.35 and a current ratio of 8.35. The stock has a market cap of $13.37 billion, a P/E ratio of 115.34, a price-to-earnings-growth ratio of 13.47 and a beta of 0.82.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, meeting 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 firm had revenue of $419.84 million for the quarter, compared to analysts' expectations of $421.23 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The business's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, sell-side analysts expect 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.26%. United Dominion Realty Trust's dividend payout ratio (DPR) is 491.43%.

United Dominion Realty Trust 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.