Inspire Investing LLC Decreases Stock Position in United Dominion Realty Trust, Inc. $UDR

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

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Teachers Retirement System of The State of Kentucky lifted its stake in shares of United Dominion Realty Trust by 4.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,191 shares of the real estate investment trust's stock worth $1,048,000 after buying an additional 989 shares in the last quarter. Yousif Capital Management LLC lifted its position in 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 valued at $2,968,000 after acquiring an additional 17,061 shares in the last quarter. Amalgamated Bank boosted its stake in United Dominion Realty Trust by 1.6% during the 1st quarter. Amalgamated Bank now owns 59,947 shares of the real estate investment trust's stock valued at $2,708,000 after purchasing an additional 936 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of United Dominion Realty Trust in the 1st quarter worth $431,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of United Dominion Realty Trust by 7.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,581 shares of the real estate investment trust's stock worth $523,000 after purchasing an additional 842 shares during the last quarter. 97.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on UDR shares. Barclays dropped their price objective on United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen downgraded shares of United Dominion Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Mizuho decreased their target price on shares of 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. Truist Financial dropped their price target on United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating on the stock in a research note on Tuesday, August 26th. Finally, Wells Fargo & Company lowered their target price on United Dominion Realty Trust from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, August 27th. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, United Dominion Realty Trust currently has an average rating of "Hold" and an average price target of $44.38.

United Dominion Realty Trust Price Performance

Shares of UDR stock traded up $0.09 on Thursday, hitting $37.40. 470,496 shares of the stock traded hands, compared to its average volume of 2,241,305. The company has a debt-to-equity ratio of 1.76, a current ratio of 5.22 and a quick ratio of 5.22. United Dominion Realty Trust, Inc. has a 52 week low of $36.61 and a 52 week high of $46.62. The firm has a 50 day simple moving average of $39.12 and a two-hundred day simple moving average of $40.95. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 98.37, a PEG ratio of 9.34 and a beta of 0.88.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The business had revenue of $423.00 million for the quarter, compared to analysts' expectations of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.The business's quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $0.62 earnings per share. 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, equities research analysts predict that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current fiscal year.

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.