Manning & Napier Advisors LLC Takes $7.55 Million Position in United Dominion Realty Trust, Inc. $UDR

Manning & Napier Advisors LLC acquired a new stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 189,195 shares of the real estate investment trust’s stock, valued at approximately $7,553,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Addison Advisors LLC acquired a new position in United Dominion Realty Trust during the second quarter valued at $58,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of United Dominion Realty Trust in the 2nd quarter valued at about $75,000. Allworth Financial LP purchased a new stake in shares of United Dominion Realty Trust in the second quarter worth about $106,000. Westpac Banking Corp acquired a new stake in United Dominion Realty Trust during the second quarter worth about $114,000. Finally, Global Retirement Partners LLC purchased a new position in United Dominion Realty Trust during the second quarter valued at approximately $187,000. Institutional investors and hedge funds own 97.82% of the company’s stock.

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 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 transaction, the chief executive officer owned 810,455 shares in the company, valued at approximately $31,810,358.75. This trade represents a 8.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Dominion Realty Trust in a research note on Wednesday, June 24th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $38.00 price objective on shares of United Dominion Realty Trust in a report on Thursday, July 30th. Morgan Stanley lowered their target price on shares of United Dominion Realty Trust from $44.50 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 12th. Cantor Fitzgerald lifted their price target on United Dominion Realty Trust from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Truist Financial cut United Dominion Realty Trust from a “buy” rating to a “hold” rating and set a $41.00 price target for the company. in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, United Dominion Realty Trust currently has an average rating of “Hold” and an average price target of $41.66.

United Dominion Realty Trust Stock Up 1.6%

UDR opened at $38.38 on Tuesday. The company has a market cap of $12.33 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 9.62 and a beta of 0.70. United Dominion Realty Trust, Inc. has a twelve month low of $32.94 and a twelve month high of $42.00. The company has a 50-day moving average price of $38.95 and a 200 day moving average price of $37.45. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.01.

United Dominion Realty Trust (NYSE:UDR) last posted its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. United Dominion Realty Trust had a return on equity of 16.56% and a net margin of 30.43%.The company had revenue of $425.40 million during the quarter, compared to analyst estimates of $423.35 million. During the same period in the previous year, the business earned $0.64 EPS. United Dominion Realty Trust’s quarterly revenue 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. 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 authorized a share repurchase program on Monday, May 4th that allows the company to buyback 25,000,000 outstanding shares. This buyback authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

United Dominion Realty Trust Company 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.