United Dominion Realty Trust, Inc. (NYSE:UDR) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its position in United Dominion Realty Trust, Inc. (NYSE:UDR) by 5.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 399,904 shares of the real estate investment trust’s stock after selling 24,004 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.12% of United Dominion Realty Trust worth $18,064,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in United Dominion Realty Trust by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust’s stock worth $2,205,650,000 after acquiring an additional 180,551 shares during the period. Norges Bank bought a new position in shares of United Dominion Realty Trust during the 4th quarter valued at about $1,273,442,000. Capital Research Global Investors grew its stake in shares of United Dominion Realty Trust by 64.1% in the 4th quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust’s stock worth $566,940,000 after purchasing an additional 5,101,668 shares during the last quarter. FMR LLC grew its stake in shares of United Dominion Realty Trust by 10.5% in the 4th quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust’s stock worth $546,639,000 after purchasing an additional 1,191,432 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of United Dominion Realty Trust by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust’s stock worth $343,129,000 after purchasing an additional 220,293 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on UDR shares. Scotiabank reduced their target price on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a “sector perform” rating for the company in a report on Friday, June 13th. Mizuho reduced their price objective on 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. Royal Bank Of Canada lifted their target price on United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, May 8th. Truist Financial lowered 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. Finally, Barclays increased their price target on United Dominion Realty Trust from $48.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. 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 company’s stock. Based on data from MarketBeat, United Dominion Realty Trust currently has an average rating of “Hold” and an average target price of $46.38.

United Dominion Realty Trust Price Performance

Shares of UDR opened at $40.16 on Thursday. The business’s 50-day moving average is $41.45 and its 200-day moving average is $42.28. The company has a debt-to-equity ratio of 1.77, a current ratio of 8.35 and a quick ratio of 8.35. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of 114.74, a P/E/G ratio of 13.65 and a beta of 0.83. 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) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.61 EPS for the quarter, meeting analysts’ consensus estimates of $0.61. The firm had revenue of $419.84 million for the quarter, compared to the consensus estimate of $421.23 million. United Dominion Realty Trust had a net margin of 7.33% and a return on equity of 3.73%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. Equities research analysts expect that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a $0.43 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.28%. United Dominion Realty Trust’s dividend payout ratio (DPR) 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.