United Dominion Realty Trust, Inc. $UDR Shares Acquired by Northern Trust Corp

Key Points

• Northern Trust Corp has increased its stake in United Dominion Realty Trust, Inc. by 0.7%, owning approximately 4.89 million shares valued at around $220.73 million.
• United Dominion Realty Trust recently reported a Q2 EPS of $0.64, slightly exceeding analysts' expectations, with a revenue of $423 million, up 2.4% year-over-year.
• The company declared a quarterly dividend of $0.43, reflecting a 4.5% yield, although its dividend payout ratio is notably high at 452.63%.

Northern Trust Corp lifted its position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 0.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,886,672 shares of the real estate investment trust's stock after purchasing an additional 32,693 shares during the period. Northern Trust Corp owned about 1.48% of United Dominion Realty Trust worth $220,731,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in UDR. Mariner LLC increased its position in shares of United Dominion Realty Trust by 5.0% during the fourth quarter. Mariner LLC now owns 29,960 shares of the real estate investment trust's stock worth $1,300,000 after purchasing an additional 1,422 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of United Dominion Realty Trust during the fourth quarter worth about $672,000. MetLife Investment Management LLC increased its position in shares of United Dominion Realty Trust by 1.3% during the fourth quarter. MetLife Investment Management LLC now owns 88,778 shares of the real estate investment trust's stock worth $3,854,000 after purchasing an additional 1,137 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of United Dominion Realty Trust by 11.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 23,689 shares of the real estate investment trust's stock worth $1,028,000 after purchasing an additional 2,429 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of United Dominion Realty Trust by 10.0% during the fourth quarter. Stifel Financial Corp now owns 10,113 shares of the real estate investment trust's stock worth $439,000 after purchasing an additional 919 shares in the last quarter. Institutional investors and hedge funds own 97.82% of the company's stock.

United Dominion Realty Trust Stock Performance

Shares of UDR stock opened at $38.5250 on Friday. The stock has a market capitalization of $12.77 billion, a PE ratio of 101.38, a price-to-earnings-growth ratio of 9.71 and a beta of 0.84. United Dominion Realty Trust, Inc. has a 52-week low of $36.61 and a 52-week high of $47.55. The stock's 50-day moving average price is $39.99 and its 200 day moving average price is $41.53. The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 1.76.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly 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. The firm 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 firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. 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 forecast that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

United Dominion Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio (DPR) is currently 452.63%.

Wall Street Analysts Forecast Growth

UDR has been the topic of a number of research analyst reports. Wall Street Zen cut United Dominion Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Piper Sandler reiterated a "neutral" rating and set a $43.00 target price (down previously from $48.00) on shares of United Dominion Realty Trust in a research report on Monday, August 4th. Morgan Stanley dropped their price target on United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating on the stock in a research report on Wednesday, August 13th. Barclays dropped their price target 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. Finally, Scotiabank dropped their price target on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Friday, June 13th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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.

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