Pacific Heights Asset Management LLC Makes New $15.97 Million Investment in United Dominion Realty Trust, Inc. $UDR

Pacific Heights Asset Management LLC bought a new position in United Dominion Realty Trust, Inc. (NYSE:UDR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 400,000 shares of the real estate investment trust’s stock, valued at approximately $15,968,000.

A number of other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of United Dominion Realty Trust during the second quarter worth $1,247,535,000. Canada Pension Plan Investment Board acquired a new position in shares of United Dominion Realty Trust in the 2nd quarter valued at about $219,560,000. Bank of New York Mellon Corp acquired a new position in shares of United Dominion Realty Trust in the 2nd quarter valued at about $89,660,000. Legal & General Group Plc acquired a new position in shares of United Dominion Realty Trust in the 2nd quarter valued at about $78,688,000. Finally, Bank of America Corp DE bought a new stake in shares of United Dominion Realty Trust during the 2nd quarter valued at about $56,374,000. 97.82% of the stock is currently owned by institutional investors.

Insider Activity at United Dominion Realty Trust

In other news, CEO Thomas W. Toomey sold 80,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 810,455 shares of the company’s stock, valued at approximately $31,810,358.75. This represents a 8.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UDR shares. Wells Fargo & Company increased their price objective on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $44.00 target price on shares of United Dominion Realty Trust in a research note on Friday, August 14th. Jefferies Financial Group raised United Dominion Realty Trust to a “strong-buy” rating in a report on Wednesday, July 22nd. Scotiabank raised their price target on United Dominion Realty Trust from $38.00 to $41.00 and gave the stock a “sector perform” rating in a report on Thursday, July 9th. Finally, Morgan Stanley reduced their price objective on United Dominion Realty Trust from $44.50 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, United Dominion Realty Trust has a consensus rating of “Hold” and a consensus price target of $41.66.

United Dominion Realty Trust Price Performance

Shares of UDR opened at $37.11 on Friday. United Dominion Realty Trust, Inc. has a one year low of $32.94 and a one year high of $42.00. The stock’s fifty day moving average is $38.94 and its 200-day moving average is $37.46. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.22 and a current ratio of 4.22. The firm has a market capitalization of $11.92 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 9.66 and a beta of 0.70.

United Dominion Realty Trust (NYSE:UDR) last posted its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. The business had revenue of $425.40 million during the quarter, compared to the consensus estimate of $423.35 million. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Equities analysts anticipate that United Dominion Realty Trust, Inc. will post 2.53 EPS for the current year.

United Dominion Realty Trust declared that its board has approved a share buyback plan on Monday, May 4th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.