United Dominion Realty Trust, Inc. $UDR Shares Bought by Woodline Partners LP

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 lifted its position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 173.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,421,023 shares of the real estate investment trust's stock after buying 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 quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky increased its position in 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 purchasing an additional 989 shares in the last quarter. Yousif Capital Management LLC increased its position in 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 purchasing an additional 17,061 shares in the last quarter. Amalgamated Bank increased its position in 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 purchasing an additional 936 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in United Dominion Realty Trust during the 1st quarter worth about $431,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in United Dominion Realty Trust by 7.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,581 shares of the real estate investment trust's stock valued at $523,000 after buying an additional 842 shares during the period. Institutional investors and hedge funds own 97.82% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on UDR shares. Truist Financial lowered their price target on United Dominion Realty Trust from $46.00 to $43.00 and set a "hold" rating for the company in a report on Tuesday, August 26th. Wall Street Zen cut United Dominion Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. BMO Capital Markets set a $44.00 target price on United Dominion Realty Trust in a report on Thursday, September 4th. Evercore ISI decreased their target price on United Dominion Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Finally, 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 report on Tuesday, July 15th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $44.73.

United Dominion Realty Trust Stock Down 1.4%

United Dominion Realty Trust stock traded down $0.56 during midday trading on Friday, hitting $38.36. 1,777,679 shares of the company were exchanged, compared to its average volume of 2,208,002. The company's fifty day moving average price is $39.33 and its 200-day moving average price is $41.09. The company has a market cap of $12.71 billion, a PE ratio of 100.95, a price-to-earnings-growth 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 fifty-two week low of $36.61 and a fifty-two week high of $47.55.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $423.00 million for the quarter, compared to analyst estimates of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%.United Dominion Realty Trust's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. 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, research analysts predict that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

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.