Allstate Corp Has $2 Million Holdings in United Dominion Realty Trust, Inc. $UDR

Key Points

• Allstate Corp has reduced its holdings in United Dominion Realty Trust, Inc. by 37.0%, now owning 44,199 shares valued at approximately $1,996,000.
• Several institutional investors significantly increased their stakes in United Dominion Realty Trust during the first quarter, with Spire Wealth Management raising its investment by 3,079.2%.
• Analysts have varied opinions on UDR stock; while six analysts rated it as a Buy, the average target price is currently set at $45.23, indicating mixed sentiments in the market.

Allstate Corp trimmed its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 37.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,199 shares of the real estate investment trust's stock after selling 25,958 shares during the quarter. Allstate Corp's holdings in United Dominion Realty Trust were worth $1,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Compound Planning Inc. acquired a new stake in shares of United Dominion Realty Trust in the first quarter worth $202,000. Norinchukin Bank The lifted its stake in shares of United Dominion Realty Trust by 10.1% in the first quarter. Norinchukin Bank The now owns 29,660 shares of the real estate investment trust's stock worth $1,340,000 after buying an additional 2,732 shares during the last quarter. Credit Agricole S A lifted its stake in shares of United Dominion Realty Trust by 7.9% in the first quarter. Credit Agricole S A now owns 78,050 shares of the real estate investment trust's stock worth $3,526,000 after buying an additional 5,715 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in United Dominion Realty Trust by 4.5% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,864 shares of the real estate investment trust's stock valued at $355,000 after purchasing an additional 336 shares during the last quarter. Finally, Groupama Asset Managment acquired a new position in United Dominion Realty Trust during the 1st quarter valued at $533,000. 97.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UDR. Evercore ISI cut their target price on shares of 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. Scotiabank cut their target price on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating for the company in a research note on Friday, June 13th. Morgan Stanley cut their target price on shares of United Dominion Realty Trust from $47.50 to $44.50 and set an "equal weight" rating for the company in a research note on Wednesday, August 13th. UBS Group cut their target price on shares of 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. Finally, Wall Street Zen cut shares of United Dominion Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, United Dominion Realty Trust has an average rating of "Hold" and an average target price of $44.83.

United Dominion Realty Trust Price Performance

Shares of UDR traded down $0.12 during trading hours on Thursday, hitting $38.87. The stock had a trading volume of 371,490 shares, compared to its average volume of 2,212,509. The company's fifty day moving average is $39.82 and its two-hundred day moving average is $41.43. 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 $47.55. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 102.27, a P/E/G ratio of 9.69 and a beta of 0.84.

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, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $423.00 million for the quarter, compared to the consensus estimate of $422.64 million. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. The firm's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

United Dominion Realty Trust Dividend Announcement

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

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.