Rakuten Investment Management Inc. Invests $1.26 Million in United Dominion Realty Trust, Inc. $UDR

Rakuten Investment Management Inc. purchased a new stake in United Dominion Realty Trust, Inc. (NYSE:UDR) in the second quarter, HoldingsChannel reports. The firm purchased 31,348 shares of the real estate investment trust’s stock, valued at approximately $1,258,000.

Several other institutional investors have also made changes to their positions in UDR. Empowered Funds LLC acquired a new stake in United Dominion Realty Trust during the second quarter worth approximately $253,000. United Capital Financial Advisors LLC acquired a new position in United Dominion Realty Trust in the 2nd quarter valued at $366,000. Pacific Heights Asset Management LLC bought a new stake in shares of United Dominion Realty Trust during the 2nd quarter valued at $15,968,000. Jefferies Financial Group Inc. bought a new stake in shares of United Dominion Realty Trust during the 2nd quarter valued at $1,404,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of United Dominion Realty Trust during the 2nd quarter worth $18,766,000. 97.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UDR shares. JPMorgan Chase & Co. raised their price target on United Dominion Realty Trust from $39.00 to $41.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of United Dominion Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $44.00 target price on shares of United Dominion Realty Trust in a report on Friday, August 14th. Cantor Fitzgerald boosted their target price on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Citigroup cut their price target on shares of United Dominion Realty Trust from $42.00 to $40.50 and set a “neutral” rating for the company in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.66.

Insider Buying and Selling

In other news, CEO Thomas W. Toomey sold 80,000 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $39.25, for a total value of $3,140,000.00. Following the completion of the transaction, the chief executive officer owned 810,455 shares of the company’s stock, valued at approximately $31,810,358.75. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.82% of the company’s stock.

United Dominion Realty Trust Price Performance

United Dominion Realty Trust stock opened at $37.19 on Monday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.22 and a current ratio of 4.22. United Dominion Realty Trust, Inc. has a 52 week low of $32.94 and a 52 week high of $42.00. The stock has a market capitalization of $11.95 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 9.45 and a beta of 0.70. The stock has a fifty day moving average of $38.93 and a 200-day moving average of $37.46.

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 the consensus estimate of $0.13 by $0.08. The business had revenue of $425.40 million for the quarter, compared to analyst estimates of $423.35 million. United Dominion Realty Trust had a return on equity of 16.56% and a net margin of 30.43%.United Dominion Realty Trust’s revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. 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. On average, sell-side analysts expect that United Dominion Realty Trust, Inc. will post 2.53 earnings per share for the current fiscal year.

United Dominion Realty Trust declared that its board has initiated a share buyback program on Monday, May 4th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

About United Dominion Realty Trust

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.