470,085 Shares in United Dominion Realty Trust, Inc. $UDR Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 470,085 shares of the real estate investment trust’s stock, valued at approximately $18,766,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UDR. Addison Advisors LLC acquired a new stake in United Dominion Realty Trust in the second quarter worth about $58,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of United Dominion Realty Trust in the 2nd quarter valued at approximately $75,000. Allworth Financial LP purchased a new position in shares of United Dominion Realty Trust in the 2nd quarter valued at approximately $106,000. Westpac Banking Corp acquired a new stake in United Dominion Realty Trust in the 2nd quarter worth approximately $114,000. Finally, Global Retirement Partners LLC purchased a new stake in United Dominion Realty Trust during the 2nd quarter worth approximately $187,000. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UDR shares. Royal Bank Of Canada upped their price target on shares of United Dominion Realty Trust from $37.00 to $38.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. Barclays upped their target price on United Dominion Realty Trust from $41.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Jefferies Financial Group raised United Dominion Realty Trust to a “strong-buy” rating in a research report on Wednesday, July 22nd. Cantor Fitzgerald increased their price objective on United Dominion Realty Trust from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Wall Street Zen upgraded United Dominion Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, United Dominion Realty Trust currently has a consensus rating of “Hold” and an average price target of $41.66.

United Dominion Realty Trust Price Performance

NYSE:UDR opened at $37.19 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 4.22 and a quick ratio of 4.22. The company has a 50 day moving average price of $38.93 and a 200-day moving average price of $37.46. United Dominion Realty Trust, Inc. has a 1-year low of $32.94 and a 1-year high of $42.00. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 9.45 and a beta of 0.70.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. The company had revenue of $425.40 million during the quarter, compared to analysts’ expectations of $423.35 million. During the same quarter in the previous year, the company earned $0.64 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. United Dominion Realty Trust has set its FY 2026 guidance at 2.490-2.570 EPS and its Q3 2026 guidance at 0.640-0.640 EPS. Equities research analysts forecast that United Dominion Realty Trust, Inc. will post 2.53 EPS for the current year.

United Dominion Realty Trust announced that its Board of Directors has initiated a stock buyback plan on Monday, May 4th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other United Dominion Realty Trust news, CEO Thomas W. Toomey sold 80,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $39.25, for a total value of $3,140,000.00. Following the sale, the chief executive officer directly owned 810,455 shares of the company’s stock, valued at approximately $31,810,358.75. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.82% of the company’s stock.

United Dominion Realty Trust Profile

United Dominion Realty Trust (NYSE: UDR) is a publicly traded real estate investment trust specializing in the ownership, management, acquisition, development and redevelopment of multifamily apartment communities. The company’s core focus is on Class A and Class A–plus residential properties, offering a diverse portfolio designed to meet the evolving needs of renters. UDR employs a full-service management platform to oversee daily operations, property maintenance, leasing, and resident services, ensuring consistency and quality across its holdings.

UDR’s business activities encompass ground-up development, strategic property redevelopment, and selective acquisitions.