Wealthfront Advisers LLC Grows Stock Holdings in United Dominion Realty Trust, Inc. (NYSE:UDR)

Wealthfront Advisers LLC raised its position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 21.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,485 shares of the real estate investment trust's stock after acquiring an additional 13,212 shares during the period. Wealthfront Advisers LLC's holdings in United Dominion Realty Trust were worth $3,364,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Townsquare Capital LLC boosted its stake in shares of United Dominion Realty Trust by 4.8% in the fourth quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock valued at $225,000 after buying an additional 237 shares during the period. GF Fund Management CO. LTD. lifted its stake in United Dominion Realty Trust by 4.3% during the first quarter. GF Fund Management CO. LTD. now owns 5,937 shares of the real estate investment trust's stock worth $268,000 after purchasing an additional 243 shares during the last quarter. Continuum Advisory LLC lifted 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 purchasing an additional 351 shares during the last quarter. Integrity Wealth Solutions LLC lifted its stake in United Dominion Realty Trust by 5.6% during the first quarter. Integrity Wealth Solutions LLC now owns 6,766 shares of the real estate investment trust's stock worth $306,000 after purchasing an additional 357 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in 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 worth $61,000 after purchasing an additional 434 shares during the last quarter. Institutional investors own 97.82% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Evercore ISI set a $46.00 price target on shares of United Dominion Realty Trust and gave the stock an "outperform" rating in a report on Monday, July 7th. Barclays increased their price objective on United Dominion Realty Trust from $48.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Mizuho decreased their price objective on United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Scotiabank decreased their price objective on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating for the company in a report on Friday, June 13th. Finally, UBS Group cut their price target on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $46.07.

United Dominion Realty Trust Stock Down 0.4%

NYSE:UDR traded down $0.14 on Monday, hitting $40.59. The stock had a trading volume of 2,487,237 shares, compared to its average volume of 2,165,661. 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 $13.45 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 13.58 and a beta of 0.82. United Dominion Realty Trust, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55. The firm's fifty day simple moving average is $41.00 and its two-hundred day simple moving average is $41.89.

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

United Dominion Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid 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 4.24%. United Dominion Realty Trust's payout ratio is currently 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.