Vanguard Group Inc. Raises Holdings in United Dominion Realty Trust, Inc. (NYSE:UDR)

Key Points

• Vanguard Group Inc. has increased its stake in United Dominion Realty Trust (UDR) to approximately $2.30 billion, representing 15.41% of the company's total shares after purchasing an additional 214,209 shares.
• Recent analyst ratings for UDR show a mix of sentiments, with UBS and Mizuho lowering price targets, while Barclays raised its price estimate, indicating a consensus rating of "Hold" and an average price target of $45.57.
• United Dominion Realty Trust recently declared a quarterly dividend of $0.43, resulting in an annualized yield of 4.5%, despite a notably high dividend payout ratio of 452.63%.

Vanguard Group Inc. lifted its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 0.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,023,940 shares of the real estate investment trust's stock after purchasing an additional 214,209 shares during the quarter. Vanguard Group Inc. owned about 15.41% of United Dominion Realty Trust worth $2,304,751,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Townsquare Capital LLC boosted its stake in shares of United Dominion Realty Trust by 4.8% during the fourth quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock valued at $225,000 after purchasing an additional 237 shares during the period. GF Fund Management CO. LTD. grew its stake in United Dominion Realty Trust by 4.3% in the first quarter. GF Fund Management CO. LTD. now owns 5,937 shares of the real estate investment trust's stock valued at $268,000 after purchasing an additional 243 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of United Dominion Realty Trust by 38.0% during 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. Integrity Wealth Solutions LLC lifted its holdings in shares of United Dominion Realty Trust by 5.6% during the 1st quarter. Integrity Wealth Solutions LLC now owns 6,766 shares of the real estate investment trust's stock valued at $306,000 after purchasing an additional 357 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in United Dominion Realty Trust by 47.8% in the first quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 434 shares during the last quarter. 97.82% of the stock is currently owned by institutional investors.

United Dominion Realty Trust Price Performance

Shares of NYSE UDR traded up $0.68 during midday trading on Wednesday, hitting $38.51. The stock had a trading volume of 1,684,024 shares, compared to its average volume of 2,247,119. 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 1 year low of $36.61 and a 1 year high of $47.55. The company has a market capitalization of $12.76 billion, a PE ratio of 101.34, a P/E/G ratio of 9.40 and a beta of 0.84. The stock has a 50 day simple moving average of $40.40 and a 200-day simple moving average of $41.67.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. The business had revenue of $423.00 million during the quarter, compared to analysts' expectations of $422.64 million. During the same period in the prior year, the business earned $0.62 earnings per share. The company's quarterly revenue was up 2.4% compared to the same quarter last year. On average, sell-side analysts expect that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Mizuho lowered their price objective on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Royal Bank Of Canada boosted their target price on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Piper Sandler restated 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 report on Monday, August 4th. Wall Street Zen downgraded shares of United Dominion Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, UBS Group lowered their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $45.23.

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.