United Dominion Realty Trust, Inc. $UDR Holdings Decreased by Inspire Investing LLC

Key Points

• Inspire Investing LLC reduced its stake in United Dominion Realty Trust by 36.9%, owning 35,898 shares valued at $1.62 million after selling 20,974 shares in the first quarter.
• United Dominion Realty Trust reported earnings of $0.64 per share for the last quarter, exceeding analysts' expectations, with an increase in quarterly revenue of 2.4% year-over-year.
• Analysts have revised their price targets for UDR, with UBS lowering their target from $50.00 to $45.00 while maintaining a "buy" rating, indicating varying levels of investor confidence.

Inspire Investing LLC trimmed its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 36.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,898 shares of the real estate investment trust's stock after selling 20,974 shares during the quarter. Inspire Investing LLC's holdings in United Dominion Realty Trust were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in UDR. Beaird Harris Wealth Management LLC bought a new stake in shares of United Dominion Realty Trust in the 1st quarter valued at approximately $28,000. Spire Wealth Management increased its holdings in shares of United Dominion Realty Trust by 3,079.2% in the 1st quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 739 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of United Dominion Realty Trust in the 1st quarter valued at approximately $47,000. Horizon Financial Services LLC bought a new position in United Dominion Realty Trust during the 1st quarter worth $51,000. Finally, National Pension Service grew its stake in United Dominion Realty Trust by 2,553.5% during the 1st quarter. National Pension Service now owns 1,141 shares of the real estate investment trust's stock worth $52,000 after buying an additional 1,098 shares during the last quarter. 97.82% of the stock is currently owned by institutional investors.

United Dominion Realty Trust Trading Down 1.4%

Shares of UDR stock opened at $38.36 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22. United Dominion Realty Trust, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55. The stock has a fifty day moving average of $39.33 and a two-hundred day moving average of $41.09. The firm has a market capitalization of $12.71 billion, a PE ratio of 100.95, a price-to-earnings-growth ratio of 9.74 and a beta of 0.88.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.The company had revenue of $423.00 million during the quarter, compared to analyst estimates of $422.64 million. During the same quarter in the previous year, the firm posted $0.62 EPS. The firm's quarterly revenue was up 2.4% on a year-over-year basis. United Dominion Realty Trust has set its Q3 2025 guidance at 0.620-0.640 EPS. FY 2025 guidance at 2.490-2.550 EPS. As a group, research analysts expect that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UDR. UBS Group lowered their price objective on United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Mizuho lowered their price objective on United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Barclays lowered their price objective on United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. BMO Capital Markets set a $44.00 price objective on United Dominion Realty Trust in a research note on Thursday, September 4th. Finally, Evercore ISI lowered their price objective on United Dominion Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, United Dominion Realty Trust currently has a consensus rating of "Hold" and an average price target of $44.73.

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.

Want to see what other hedge funds are holding UDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.