Yousif Capital Management LLC Has $2.97 Million Position in United Dominion Realty Trust, Inc. (NYSE:UDR)

Yousif Capital Management LLC raised its holdings in shares of United Dominion Realty Trust, Inc. (NYSE:UDR - Free Report) by 35.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,707 shares of the real estate investment trust's stock after acquiring an additional 17,061 shares during the quarter. Yousif Capital Management LLC's holdings in United Dominion Realty Trust were worth $2,968,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Townsquare Capital LLC boosted its position in 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 last quarter. Continuum Advisory LLC increased 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 worth $55,000 after purchasing an additional 351 shares during the last quarter. UMB Bank n.a. raised its stake in shares of United Dominion Realty Trust by 47.8% during the 1st quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 434 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of United Dominion Realty Trust by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 491 shares in the last quarter. Finally, Cetera Trust Company N.A lifted its holdings in shares of United Dominion Realty Trust by 10.5% during the 1st quarter. Cetera Trust Company N.A now owns 5,525 shares of the real estate investment trust's stock valued at $250,000 after buying an additional 525 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company's stock.

United Dominion Realty Trust Stock Performance

Shares of NYSE:UDR traded down $0.19 during midday trading on Tuesday, hitting $40.97. The company's stock had a trading volume of 2,761,365 shares, compared to its average volume of 2,158,856. The stock has a market capitalization of $13.57 billion, a price-to-earnings ratio of 117.06, a PEG ratio of 13.71 and a beta of 0.83. The stock's 50 day simple moving average is $41.38 and its 200 day simple moving average is $42.42. United Dominion Realty Trust, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55. The company has a debt-to-equity ratio of 1.77, a quick ratio of 8.35 and a current ratio of 8.35.

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

United Dominion Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Thursday, July 10th. United Dominion Realty Trust's dividend payout ratio (DPR) is currently 491.43%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on UDR shares. Scotiabank dropped their price objective on United Dominion Realty Trust from $51.00 to $48.00 and set a "sector perform" rating on the stock in a report on Friday. Truist Financial downgraded shares of United Dominion Realty Trust from a "buy" rating to a "hold" rating and boosted their target price for the stock from $45.00 to $46.00 in a research report on Monday, March 10th. Barclays raised their price target on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Royal Bank Of Canada lifted their price objective 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. Finally, Mizuho decreased 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 report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $46.38.

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.