SG Americas Securities LLC Increases Stock Position in United Dominion Realty Trust, Inc. (NYSE:UDR)

SG Americas Securities LLC grew its position in United Dominion Realty Trust, Inc. (NYSE:UDR) by 120.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,108 shares of the real estate investment trust’s stock after purchasing an additional 8,259 shares during the period. SG Americas Securities LLC’s holdings in United Dominion Realty Trust were worth $682,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in UDR. Empowered Funds LLC raised its holdings in shares of United Dominion Realty Trust by 10.4% in the fourth quarter. Empowered Funds LLC now owns 5,792 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 546 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in United Dominion Realty Trust by 45.7% during the fourth quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust’s stock worth $22,249,000 after acquiring an additional 160,708 shares during the period. CIBC Asset Management Inc lifted its holdings in United Dominion Realty Trust by 4.6% during the fourth quarter. CIBC Asset Management Inc now owns 46,704 shares of the real estate investment trust’s stock worth $2,027,000 after acquiring an additional 2,067 shares during the period. Allianz Asset Management GmbH lifted its holdings in United Dominion Realty Trust by 6.7% during the fourth quarter. Allianz Asset Management GmbH now owns 1,032,799 shares of the real estate investment trust’s stock worth $44,834,000 after acquiring an additional 64,714 shares during the period. Finally, Hudson Edge Investment Partners Inc. lifted its holdings in United Dominion Realty Trust by 2.6% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 141,323 shares of the real estate investment trust’s stock worth $6,135,000 after acquiring an additional 3,563 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Analysts Set New Price Targets

UDR has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their price target on United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, May 8th. Mizuho dropped their price target on United Dominion Realty Trust from $45.00 to $41.00 and set a “neutral” rating on the stock in a report on Friday, May 23rd. Barclays lifted their price target on United Dominion Realty Trust from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Scotiabank dropped their price target on United Dominion Realty Trust from $51.00 to $48.00 and set a “sector perform” rating on the stock in a report on Friday, June 13th. Finally, Truist Financial lowered United Dominion Realty Trust from a “buy” rating to a “hold” rating and lifted their price target for the stock from $45.00 to $46.00 in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.38.

United Dominion Realty Trust Price Performance

Shares of NYSE UDR opened at $41.06 on Friday. The stock has a market cap of $13.60 billion, a PE ratio of 117.30, a price-to-earnings-growth ratio of 13.70 and a beta of 0.83. United Dominion Realty Trust, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55. The company has a debt-to-equity ratio of 1.77, a quick ratio of 8.35 and a current ratio of 8.35. The stock has a fifty day moving average of $41.45 and a 200-day moving average of $42.36.

United Dominion Realty Trust (NYSE:UDR) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, meeting the consensus estimate of $0.61. The company had revenue of $419.84 million during the quarter, compared to analysts’ expectations of $421.23 million. United Dominion Realty Trust had a return on equity of 3.73% and a net margin of 7.33%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. Equities research analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Thursday, July 10th. United Dominion Realty Trust’s dividend payout ratio (DPR) is presently 491.43%.

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.