Vident Advisory LLC Sells 8,406 Shares of United Dominion Realty Trust, Inc. $UDR

Key Points

• Vident Advisory LLC reduced its stake in United Dominion Realty Trust by 18.5%, owning 37,122 shares worth $1.68 million after selling 8,406 shares in the first quarter.
• Analyst ratings for United Dominion Realty Trust show mixed sentiment, with price targets ranging from $43.00 to $48.00, and an average rating of "Hold" observed across multiple analysts.
• United Dominion Realty Trust recently declared a quarterly dividend of $0.43 per share, with a dividend yield of 4.5% and a notably high payout ratio of 452.63%.

Vident Advisory LLC lowered its holdings in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 18.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,122 shares of the real estate investment trust's stock after selling 8,406 shares during the period. Vident Advisory LLC's holdings in United Dominion Realty Trust were worth $1,677,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky raised its holdings in shares of United Dominion Realty Trust by 4.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 23,191 shares of the real estate investment trust's stock valued at $1,048,000 after acquiring an additional 989 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of 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 raised its holdings in shares of United Dominion Realty Trust by 1.6% in the 1st quarter. Amalgamated Bank now owns 59,947 shares of the real estate investment trust's stock valued at $2,708,000 after acquiring an additional 936 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in United Dominion Realty Trust during the first quarter worth about $431,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in United Dominion Realty Trust by 7.8% during 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. Hedge funds and other institutional investors own 97.82% of the company's stock.

United Dominion Realty Trust Trading Up 0.6%

Shares of UDR traded up $0.24 during trading hours on Friday, hitting $39.06. The company had a trading volume of 2,475,321 shares, compared to its average volume of 2,000,537. The firm has a market cap of $12.94 billion, a P/E ratio of 102.80, a P/E/G ratio of 9.79 and a beta of 0.88. The stock's 50 day moving average price is $39.55 and its 200 day moving average price is $41.24. 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, Inc. has a 52-week low of $36.61 and a 52-week high of $47.55.

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, beating 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 for the quarter, compared to the consensus estimate of $422.64 million. During the same quarter in the previous year, the business earned $0.62 EPS. United Dominion Realty Trust's revenue was up 2.4% compared to the same quarter last year. 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. On average, research analysts predict 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. Investors of record on Thursday, July 10th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Thursday, July 10th. United Dominion Realty Trust's payout ratio is currently 452.63%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wall Street Zen lowered United Dominion Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. UBS Group dropped their price target 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. Wells Fargo & Company dropped their price target on United Dominion Realty Trust from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Piper Sandler reaffirmed a "neutral" rating and set a $43.00 price target (down previously from $48.00) on shares of United Dominion Realty Trust in a research note on Monday, August 4th. Finally, Truist Financial dropped their price target on United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating for the company in a research note on Tuesday, August 26th. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, United Dominion Realty Trust presently has a consensus rating of "Hold" and an average price target of $45.04.

United Dominion Realty Trust 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.