Wealthfront Advisers LLC Acquires 13,212 Shares of United Dominion Realty Trust, Inc. (NYSE:UDR)

Wealthfront Advisers LLC boosted its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 21.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,485 shares of the real estate investment trust's stock after purchasing an additional 13,212 shares during the quarter. Wealthfront Advisers LLC's holdings in United Dominion Realty Trust were worth $3,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. New York State Common Retirement Fund increased its holdings in shares of United Dominion Realty Trust by 8.0% in the first quarter. New York State Common Retirement Fund now owns 182,321 shares of the real estate investment trust's stock worth $8,235,000 after purchasing an additional 13,500 shares during the period. Leavell Investment Management Inc. grew its position in United Dominion Realty Trust by 17.1% during the first quarter. Leavell Investment Management Inc. now owns 6,012 shares of the real estate investment trust's stock worth $272,000 after buying an additional 880 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in United Dominion Realty Trust by 11.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 157,724 shares of the real estate investment trust's stock worth $7,124,000 after acquiring an additional 16,001 shares during the last quarter. Penserra Capital Management LLC increased its stake in United Dominion Realty Trust by 99.8% in the 1st quarter. Penserra Capital Management LLC now owns 31,415 shares of the real estate investment trust's stock worth $1,418,000 after acquiring an additional 15,692 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its holdings in shares of United Dominion Realty Trust by 3.0% in the 1st quarter. IFM Investors Pty Ltd now owns 142,978 shares of the real estate investment trust's stock valued at $6,483,000 after acquiring an additional 4,148 shares in the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on UDR. Evercore ISI set a $46.00 price objective on shares of United Dominion Realty Trust and gave the stock an "outperform" rating in a research report on Monday, July 7th. Royal Bank Of Canada boosted their price target on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Scotiabank decreased 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. UBS Group dropped their price objective on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Barclays upped their target price on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $46.07.

United Dominion Realty Trust Trading Up 0.1%

Shares of UDR traded up $0.06 during trading hours on Friday, hitting $40.70. The company had a trading volume of 1,894,931 shares, compared to its average volume of 2,159,890. 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 quick ratio of 8.35, a current ratio of 8.35 and a debt-to-equity ratio of 1.77. The stock's 50 day moving average price is $41.03 and its 200 day moving average price is $41.92. The firm has a market cap of $13.48 billion, a P/E ratio of 116.29, a P/E/G ratio of 13.55 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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.61. United Dominion Realty Trust had a return on equity of 3.73% and a net margin of 7.33%. The business had revenue of $419.84 million for the quarter, compared to analyst estimates of $421.23 million. During the same period last year, the company earned $0.61 EPS. United Dominion Realty Trust's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, research analysts predict that United Dominion Realty Trust, Inc. will post 2.51 EPS 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. Investors of record on Thursday, July 10th will be issued 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 4.23%. United Dominion Realty Trust's dividend 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.