OVERSEA CHINESE BANKING Corp Ltd Sells 85,159 Shares of United Dominion Realty Trust, Inc. (NYSE:UDR)

OVERSEA CHINESE BANKING Corp Ltd reduced its stake in United Dominion Realty Trust, Inc. (NYSE:UDR) by 48.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 91,937 shares of the real estate investment trust’s stock after selling 85,159 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in United Dominion Realty Trust were worth $4,153,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in UDR. American Century Companies Inc. boosted its stake in shares of United Dominion Realty Trust by 3.4% in the fourth quarter. American Century Companies Inc. now owns 112,333 shares of the real estate investment trust’s stock valued at $4,876,000 after buying an additional 3,683 shares during the period. LPL Financial LLC boosted its stake in shares of United Dominion Realty Trust by 8.8% in the fourth quarter. LPL Financial LLC now owns 110,621 shares of the real estate investment trust’s stock valued at $4,802,000 after buying an additional 8,931 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of United Dominion Realty Trust by 21.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 22,068 shares of the real estate investment trust’s stock valued at $958,000 after buying an additional 3,965 shares during the period. Geode Capital Management LLC boosted its stake in shares of United Dominion Realty Trust by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust’s stock valued at $343,129,000 after buying an additional 220,293 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of United Dominion Realty Trust in the fourth quarter valued at approximately $114,000. 97.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UDR has been the subject of several recent research reports. Barclays boosted their price target on United Dominion Realty Trust from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Mizuho cut their price target 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. UBS Group lowered their price objective on shares of United Dominion Realty Trust from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, July 15th. Scotiabank lowered their price objective on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a “sector perform” rating for the company in a research report on Friday, June 13th. Finally, Evercore ISI set a $46.00 price objective on shares of United Dominion Realty Trust and gave the company an “outperform” rating in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $46.07.

United Dominion Realty Trust Stock Down 1.5%

Shares of NYSE:UDR opened at $38.70 on Friday. The company has a fifty day moving average of $40.76 and a 200-day moving average of $41.81. The company has a market capitalization of $12.82 billion, a PE ratio of 101.84, a price-to-earnings-growth ratio of 12.87 and a beta of 0.84. The company has a debt-to-equity ratio of 1.76, a quick ratio of 8.35 and a current ratio of 0.88. United Dominion Realty Trust, Inc. has a 52-week low of $36.61 and a 52-week high of $47.55.

United Dominion Realty Trust (NYSE:UDR) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $423.00 million during the quarter, compared to the consensus estimate of $422.64 million. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. On average, equities analysts predict that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th were issued a dividend of $0.43 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.72 annualized dividend and a dividend yield of 4.4%. United Dominion Realty Trust’s dividend payout ratio is 452.63%.

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.