United Dominion Realty Trust, Inc. $UDR Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in United Dominion Realty Trust by 88.5%, owning 413,160 shares valued at approximately $18.63 million at the end of the quarter.
• United Dominion Realty Trust reported a quarterly earnings per share of $0.64, surpassing analysts' expectations of $0.62, with a revenue of $423 million during the same period.
• The company declared a quarterly dividend of $0.43, equating to an annualized dividend of $1.72, representing a dividend yield of 4.5% with a payout ratio of 452.63%.

Aberdeen Group plc lifted its stake in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 88.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 413,160 shares of the real estate investment trust's stock after acquiring an additional 193,967 shares during the period. Aberdeen Group plc owned 0.12% of United Dominion Realty Trust worth $18,631,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Spire Wealth Management raised its position 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 worth $34,000 after acquiring an additional 739 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of United Dominion Realty Trust in the 1st quarter worth $47,000. Horizon Financial Services LLC bought a new position in shares of United Dominion Realty Trust in the 1st quarter worth $51,000. National Pension Service raised its position in shares of United Dominion Realty Trust by 2,553.5% in the 1st quarter. National Pension Service now owns 1,141 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 1,098 shares in the last quarter. Finally, Continuum Advisory LLC raised its position in shares of United Dominion Realty Trust by 38.0% in the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 351 shares in the last quarter. 97.82% of the stock is owned by institutional investors.

United Dominion Realty Trust Stock Up 1.6%

Shares of UDR stock traded up $0.6070 during trading hours on Friday, reaching $39.1670. 2,522,316 shares of the company's stock were exchanged, compared to its average volume of 2,354,409. The stock's 50 day moving average is $39.95 and its 200-day moving average is $41.51. The company has a market cap of $12.98 billion, a price-to-earnings ratio of 103.07, a P/E/G ratio of 9.80 and a beta of 0.84. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76. United Dominion Realty Trust, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $423.00 million for the quarter, compared to the consensus estimate of $422.64 million. During the same period in the prior year, the firm earned $0.62 EPS. The firm's 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. Analysts predict that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio is presently 452.63%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Morgan Stanley reduced their price target on United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating for the company in a research report on Wednesday, August 13th. Barclays reduced their price target on United Dominion Realty Trust from $51.00 to $48.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. UBS Group reduced their price target on 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. Piper Sandler reaffirmed a "neutral" rating and set a $43.00 price target (down from $48.00) on shares of United Dominion Realty Trust in a research report on Monday, August 4th. Finally, Evercore ISI reduced their price target on United Dominion Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $45.23.

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.