United Dominion Realty Trust, Inc. (NYSE:UDR) Declares $0.43 Quarterly Dividend

Key Points

• United Dominion Realty Trust, Inc. declared a quarterly dividend of $0.43 per share, with an annualized yield of 4.6%, payable to investors of record on October 9th.
• The company's dividend payout ratio stands at 282.0%, indicating reliance on its balance sheet rather than earnings to cover the dividend payments.
• In its latest earnings report, UDR reported $0.64 EPS, exceeding expectations, and recorded a revenue increase of 2.4% year-over-year, reaching $423 million.

United Dominion Realty Trust, Inc. (NYSE:UDR - Get Free Report) announced a quarterly dividend on Thursday, September 18th, RTT News reports. Shareholders of record on Thursday, October 9th will be paid a dividend of 0.43 per share by the real estate investment trust on Friday, October 31st. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Thursday, October 9th.

United Dominion Realty Trust has a payout ratio of 282.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect United Dominion Realty Trust to earn $2.61 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 65.9%.

United Dominion Realty Trust Stock Down 0.5%

UDR traded down $0.17 during trading on Monday, reaching $37.39. The company had a trading volume of 1,936,902 shares, compared to its average volume of 2,451,435. The company has a market cap of $12.39 billion, a P/E ratio of 98.40, a PEG ratio of 9.40 and a beta of 0.88. United Dominion Realty Trust has a 12 month low of $36.61 and a 12 month high of $46.62. The company has a debt-to-equity ratio of 1.76, a current ratio of 5.22 and a quick ratio of 5.22. The business's fifty day moving average price is $38.95 and its 200 day moving average price is $40.73.

United Dominion Realty Trust (NYSE:UDR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The business had revenue of $423.00 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business 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. Equities analysts anticipate that United Dominion Realty Trust will post 2.51 EPS for the current year.

Hedge Funds Weigh In On United Dominion Realty Trust

Large investors have recently made changes to their positions in the company. Nuveen LLC bought a new position in shares of United Dominion Realty Trust in the 1st quarter valued at $79,487,000. Invesco Ltd. raised its position in United Dominion Realty Trust by 21.5% in the first quarter. Invesco Ltd. now owns 9,155,231 shares of the real estate investment trust's stock valued at $413,542,000 after purchasing an additional 1,619,997 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in United Dominion Realty Trust in the fourth quarter valued at about $42,073,000. Woodline Partners LP boosted its stake in shares of United Dominion Realty Trust by 173.0% during the first quarter. Woodline Partners LP now owns 1,421,023 shares of the real estate investment trust's stock valued at $64,188,000 after purchasing an additional 900,504 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of United Dominion Realty Trust during the first quarter worth about $36,506,000. Institutional investors own 97.82% of the company's stock.

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.