Woodline Partners LP Buys 900,504 Shares of United Dominion Realty Trust, Inc. $UDR

Key Points

• Woodline Partners LP increased its position in United Dominion Realty Trust by 173%, owning 1,421,023 shares valued at approximately $64.2 million as of the latest filing.
• Notable price target adjustments by various firms have seen United Dominion Realty Trust's stock target cut by several analysts, with an average target price currently set at $44.97.
• The company recently announced a quarterly dividend of $0.43 per share, translating to an annualized dividend yield of 4.4% despite a high payout ratio of 452.63%.

Woodline Partners LP raised its position in United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 173.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,421,023 shares of the real estate investment trust's stock after acquiring an additional 900,504 shares during the quarter. Woodline Partners LP owned approximately 0.43% of United Dominion Realty Trust worth $64,188,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky lifted its stake in shares of United Dominion Realty Trust by 4.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 23,191 shares of the real estate investment trust's stock worth $1,048,000 after buying an additional 989 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of United Dominion Realty Trust by 35.1% during the 1st quarter. Yousif Capital Management LLC now owns 65,707 shares of the real estate investment trust's stock worth $2,968,000 after buying an additional 17,061 shares during the last quarter. Amalgamated Bank lifted its stake in shares of United Dominion Realty Trust by 1.6% during the 1st quarter. Amalgamated Bank now owns 59,947 shares of the real estate investment trust's stock worth $2,708,000 after buying an additional 936 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of United Dominion Realty Trust during the 1st quarter worth about $431,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of United Dominion Realty Trust by 7.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,581 shares of the real estate investment trust's stock worth $523,000 after buying an additional 842 shares during the last quarter. Institutional investors and hedge funds own 97.82% of the company's stock.

Analyst Ratings Changes

UDR has been the subject of a number of research reports. 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. Mizuho dropped 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. Morgan Stanley dropped their price objective 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. 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. Finally, BMO Capital Markets set a $44.00 price objective on shares of United Dominion Realty Trust in a research note on Thursday, September 4th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $44.73.

United Dominion Realty Trust Price Performance

NYSE:UDR traded down $0.56 during mid-day trading on Friday, reaching $38.36. The stock had a trading volume of 1,777,679 shares, compared to its average volume of 2,208,002. The stock has a 50-day simple moving average of $39.33 and a two-hundred day simple moving average of $41.07. The stock has a market capitalization of $12.71 billion, a PE ratio of 100.95, a P/E/G ratio of 9.74 and a beta of 0.88. 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 12 month low of $36.61 and a 12 month high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The business had revenue of $423.00 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. 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, equities analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

About United Dominion Realty Trust

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.