Universal Beteiligungs und Servicegesellschaft mbH Cuts Stock Holdings in United Dominion Realty Trust, Inc. (NYSE:UDR)

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 16.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 811,827 shares of the real estate investment trust's stock after selling 157,385 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.25% of United Dominion Realty Trust worth $36,670,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of United Dominion Realty Trust in the 4th quarter worth approximately $1,273,442,000. Capital Research Global Investors boosted its stake in shares of United Dominion Realty Trust by 64.1% in the 4th quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust's stock worth $566,940,000 after buying an additional 5,101,668 shares during the last quarter. Invesco Ltd. boosted its stake in shares of United Dominion Realty Trust by 92.0% in the 4th quarter. Invesco Ltd. now owns 7,535,234 shares of the real estate investment trust's stock worth $327,104,000 after buying an additional 3,609,925 shares during the last quarter. Northern Trust Corp boosted its stake in shares of United Dominion Realty Trust by 54.2% in the 4th quarter. Northern Trust Corp now owns 4,853,979 shares of the real estate investment trust's stock worth $210,711,000 after buying an additional 1,706,037 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of United Dominion Realty Trust by 10.5% in the 4th quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust's stock worth $546,639,000 after buying an additional 1,191,432 shares during the last quarter. 97.82% of the stock is owned by institutional investors.

United Dominion Realty Trust Stock Performance

UDR stock traded down $0.09 during midday trading on Friday, reaching $40.43. 1,397,251 shares of the company's stock traded hands, compared to its average volume of 1,824,013. The firm has a market capitalization of $13.39 billion, a PE ratio of 115.50, a price-to-earnings-growth ratio of 13.48 and a beta of 0.82. United Dominion Realty Trust, Inc. has a 52 week low of $36.61 and a 52 week high of $47.55. The company has a 50-day moving average price of $40.89 and a two-hundred day moving average price of $41.85. The company has a debt-to-equity ratio of 1.77, a quick ratio of 8.35 and a current ratio of 8.35.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The firm had revenue of $419.84 million for the quarter, compared to analysts' expectations of $421.23 million. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. As a group, equities analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current year.

United Dominion Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.25%. United Dominion Realty Trust's payout ratio is 491.43%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UDR. Barclays boosted their target price on United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Evercore ISI set a $46.00 target price on United Dominion Realty Trust and gave the stock an "outperform" rating in a research note on Monday, July 7th. Scotiabank cut their target price on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a research note on Friday, June 13th. Royal Bank Of Canada boosted their target price on United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Finally, UBS Group dropped their price objective on United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $46.07.

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.