Vanderbilt University Sells 28,310 Shares of United Dominion Realty Trust, Inc. (NYSE:UDR)

Vanderbilt University lessened its holdings in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 65.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,627 shares of the real estate investment trust's stock after selling 28,310 shares during the period. Vanderbilt University's holdings in United Dominion Realty Trust were worth $661,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Yousif Capital Management LLC raised its holdings in shares of United Dominion Realty Trust by 35.1% in the 1st quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust's stock worth $2,968,000 after purchasing an additional 17,061 shares during the period. SG Americas Securities LLC raised its holdings in shares of United Dominion Realty Trust by 120.6% in the 1st quarter. SG Americas Securities LLC now owns 15,108 shares of the real estate investment trust's stock worth $682,000 after purchasing an additional 8,259 shares during the period. Ritholtz Wealth Management bought a new stake in shares of United Dominion Realty Trust in the 1st quarter worth approximately $274,000. Principal Financial Group Inc. raised its holdings in shares of United Dominion Realty Trust by 45.7% in the 4th quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust's stock worth $22,249,000 after purchasing an additional 160,708 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of United Dominion Realty Trust by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,367,054 shares of the real estate investment trust's stock worth $189,574,000 after purchasing an additional 95,022 shares during the period. Hedge funds and other institutional investors own 97.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UDR. Scotiabank lowered their price target 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. 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 report on Thursday, May 8th. 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 report on Friday, May 23rd. 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 report on Friday, May 9th. Finally, Truist Financial cut shares of United Dominion Realty Trust from a "buy" rating to a "hold" rating and boosted their target price for the company from $45.00 to $46.00 in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $46.38.

United Dominion Realty Trust Price Performance

Shares of United Dominion Realty Trust stock traded up $0.36 during trading on Monday, hitting $41.40. The stock had a trading volume of 2,723,396 shares, compared to its average volume of 2,168,053. The firm has a market cap of $13.72 billion, a price-to-earnings ratio of 118.29, a P/E/G ratio of 13.67 and a beta of 0.83. United Dominion Realty Trust, Inc. has a 12 month low of $36.61 and a 12 month high of $47.55. The business's 50-day moving average is $41.46 and its 200 day moving average is $42.30. The company has a current ratio of 8.35, a quick ratio of 8.35 and a debt-to-equity ratio of 1.77.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $419.84 million for the quarter, compared to analysts' expectations of $421.23 million. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. As a group, sell-side analysts anticipate 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 will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.72 annualized dividend and a dividend yield of 4.15%. 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.