Venturi Wealth Management LLC Raises Stake in United Dominion Realty Trust, Inc. (NYSE:UDR)

Venturi Wealth Management LLC grew its position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 30.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,718 shares of the real estate investment trust's stock after acquiring an additional 6,873 shares during the period. Venturi Wealth Management LLC's holdings in United Dominion Realty Trust were worth $1,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Spire Wealth Management grew its position in United Dominion Realty Trust by 3,079.2% in the 1st quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 739 shares during the period. Sentry Investment Management LLC purchased a new stake in United Dominion Realty Trust in the 1st quarter valued at about $47,000. Horizon Financial Services LLC purchased a new stake in United Dominion Realty Trust in the 1st quarter valued at about $51,000. Continuum Advisory LLC boosted its position in United Dominion Realty Trust by 38.0% in the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust's stock valued at $55,000 after buying an additional 351 shares during the period. Finally, UMB Bank n.a. boosted its position in United Dominion Realty Trust by 47.8% in the 1st 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 period. 97.82% of the stock is owned by institutional investors.

United Dominion Realty Trust Trading Down 1.2%

United Dominion Realty Trust stock traded down $0.49 during midday trading on Thursday, hitting $40.52. 2,005,861 shares of the stock were exchanged, compared to its average volume of 1,836,786. United Dominion Realty Trust, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 115.78, a PEG ratio of 13.67 and a beta of 0.82. The stock's 50-day simple moving average is $40.93 and its 200 day simple moving average is $41.85. The company has a current ratio of 8.35, a quick ratio of 8.35 and a debt-to-equity ratio of 1.77.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, meeting analysts' consensus estimates of $0.61. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. The business had revenue of $419.84 million during the quarter, compared to analysts' expectations of $421.23 million. During the same period last year, the business earned $0.61 earnings per share. The business's revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio (DPR) is currently 491.43%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UDR. Scotiabank lowered their price objective 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 report on Friday, June 13th. Mizuho lowered their price target on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Barclays upped their price target on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. UBS Group reduced their price objective 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, Royal Bank Of Canada boosted their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, United Dominion Realty Trust has an average rating of "Hold" and an average target price 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.