Principal Financial Group Inc. Has $22.37 Million Holdings in United Dominion Realty Trust, Inc. (NYSE:UDR)

Principal Financial Group Inc. lowered its holdings in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 3.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 495,133 shares of the real estate investment trust's stock after selling 17,407 shares during the period. Principal Financial Group Inc. owned about 0.15% of United Dominion Realty Trust worth $22,365,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Townsquare Capital LLC boosted its stake in United Dominion Realty Trust by 4.8% during the fourth quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock worth $225,000 after buying an additional 237 shares in the last quarter. Continuum Advisory LLC boosted its stake in 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 worth $55,000 after buying an additional 351 shares in the last quarter. Integrity Wealth Solutions LLC boosted its stake in shares of United Dominion Realty Trust by 5.6% in the 1st quarter. Integrity Wealth Solutions LLC now owns 6,766 shares of the real estate investment trust's stock valued at $306,000 after purchasing an additional 357 shares in the last quarter. UMB Bank n.a. boosted 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 purchasing an additional 434 shares in the last quarter. Finally, Spirit of America Management Corp NY boosted its stake in shares of United Dominion Realty Trust by 1.1% in the 1st quarter. Spirit of America Management Corp NY now owns 46,100 shares of the real estate investment trust's stock valued at $2,082,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

United Dominion Realty Trust Trading Down 0.3%

NYSE:UDR traded down $0.12 on Friday, hitting $40.37. 1,193,921 shares of the stock were exchanged, compared to its average volume of 2,180,266. 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 capitalization of $13.37 billion, a price-to-earnings ratio of 115.34, a P/E/G ratio of 13.50 and a beta of 0.82. The company's 50-day moving average price is $41.21 and its 200 day moving average price is $42.00. United Dominion Realty Trust, Inc. has a 52 week low of $36.61 and a 52 week high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced 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 return on equity of 3.73% and a net margin of 7.33%. The company had revenue of $419.84 million during the quarter, compared to analysts' expectations of $421.23 million. During the same period in the prior year, the business posted $0.61 EPS. United Dominion Realty Trust's revenue was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio (DPR) is currently 491.43%.

Analyst Ratings Changes

Several equities research analysts have recently commented on UDR shares. Mizuho reduced 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. Royal Bank Of Canada boosted their target price on shares of 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. Barclays boosted their target price 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. Scotiabank reduced their target price on shares of 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. Finally, Evercore ISI set a $46.00 price target on shares of United Dominion Realty Trust and gave the stock an "outperform" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, United Dominion Realty Trust has an average rating of "Hold" and a consensus target price of $46.44.

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.