United Dominion Realty Trust, Inc. (NYSE:UDR) Shares Sold by Vanderbilt University

Vanderbilt University reduced its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 65.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,627 shares of the real estate investment trust's stock after selling 28,310 shares during the quarter. Vanderbilt University's holdings in United Dominion Realty Trust were worth $661,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of UDR. Sentry Investment Management LLC acquired a new position in shares of United Dominion Realty Trust during the 1st quarter worth $47,000. Smartleaf Asset Management LLC grew its stake in shares of United Dominion Realty Trust by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 491 shares during the period. Continuum Advisory LLC grew its stake in shares of United Dominion Realty Trust by 38.0% during the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 351 shares during the period. UMB Bank n.a. grew its stake in shares of United Dominion Realty Trust by 47.8% during the 1st quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 434 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of United Dominion Realty Trust during the 4th quarter worth $114,000. 97.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UDR has been the topic of a number of recent analyst reports. Truist Financial cut shares of United Dominion Realty Trust from a "buy" rating to a "hold" rating and upped their price target for the stock from $45.00 to $46.00 in a research note on Monday, March 10th. Barclays upped their price target on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Scotiabank decreased 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 research report on Friday, June 13th. Mizuho decreased 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 research report on Friday, May 23rd. Finally, Royal Bank Of Canada boosted their price objective on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, United Dominion Realty Trust currently has a consensus rating of "Hold" and a consensus price target of $46.38.

United Dominion Realty Trust Price Performance

NYSE:UDR opened at $41.13 on Friday. The firm has a market cap of $13.62 billion, a price-to-earnings ratio of 117.50, a price-to-earnings-growth ratio of 13.70 and a beta of 0.83. 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 company's 50-day moving average is $41.42 and its two-hundred day moving average is $42.38. United Dominion Realty Trust, Inc. has a 12-month low of $36.61 and a 12-month high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $419.84 million for the quarter, compared to analyst estimates 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 revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. Research analysts expect that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

United Dominion Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.43 per share. The ex-dividend date is Thursday, July 10th. This represents a $1.72 annualized dividend and a dividend yield of 4.18%. United Dominion Realty Trust's payout ratio is currently 491.43%.

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.

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