Victory Capital Management Inc. Sells 9,717 Shares of United Dominion Realty Trust, Inc. (NYSE:UDR)

Key Points

• Victory Capital Management Inc. reduced its holdings in United Dominion Realty Trust, Inc. by 9.7% during Q1, selling 9,717 shares and owning 90,867 shares worth approximately $4.1 million by the end of the quarter.
• Institutional ownership of United Dominion Realty Trust is 97.82%, with various investors like Townsquare Capital and UMB Bank modifying their positions in the company.
• The company's quarterly dividend of $0.43 will be paid on July 31st, resulting in an annualized dividend yield of 4.25% with a payout ratio of 491.43%.

Victory Capital Management Inc. reduced its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 9.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,867 shares of the real estate investment trust's stock after selling 9,717 shares during the period. Victory Capital Management Inc.'s holdings in United Dominion Realty Trust were worth $4,104,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Townsquare Capital LLC raised its position in United Dominion Realty Trust by 4.8% in the 4th quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock valued at $225,000 after buying an additional 237 shares during the last quarter. GF Fund Management CO. LTD. raised its position in United Dominion Realty Trust by 4.3% in the 1st quarter. GF Fund Management CO. LTD. now owns 5,937 shares of the real estate investment trust's stock valued at $268,000 after buying an additional 243 shares during the last quarter. Continuum Advisory LLC raised 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 last quarter. Integrity Wealth Solutions LLC raised its position in United Dominion Realty Trust by 5.6% in 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 buying an additional 357 shares during the last quarter. Finally, UMB Bank n.a. raised 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 last quarter. 97.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on UDR shares. Royal Bank Of Canada increased their price target on United Dominion Realty Trust from $43.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Mizuho decreased their target price on 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. UBS Group decreased their target price on United Dominion Realty Trust from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, July 15th. Scotiabank decreased their target price on 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. Finally, Evercore ISI set a $46.00 target price on United Dominion Realty Trust and gave the company an "outperform" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $46.07.

United Dominion Realty Trust Stock Down 0.2%

Shares of NYSE UDR opened at $40.43 on Monday. United Dominion Realty Trust, Inc. has a 52 week low of $36.61 and a 52 week high of $47.55. The business has a 50-day simple moving average of $40.89 and a two-hundred day simple moving average of $41.86. The company has a quick ratio of 8.35, a current ratio of 8.35 and a debt-to-equity ratio of 1.77. The company has a market cap of $13.39 billion, a P/E ratio of 115.50, a P/E/G ratio of 13.47 and a beta of 0.82.

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

United Dominion Realty Trust Announces Dividend

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

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.

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