United Dominion Realty Trust, Inc. (NYSE:UDR) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers lifted its holdings in United Dominion Realty Trust, Inc. (NYSE:UDR) by 13.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,616 shares of the real estate investment trust’s stock after acquiring an additional 2,848 shares during the quarter. Cetera Investment Advisers’ holdings in United Dominion Realty Trust were worth $1,112,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UDR. Townsquare Capital LLC grew its position in United Dominion Realty Trust by 4.8% during the fourth quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 237 shares during the period. GF Fund Management CO. LTD. lifted its stake in shares of United Dominion Realty Trust by 4.3% in the first quarter. GF Fund Management CO. LTD. now owns 5,937 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 243 shares in the last quarter. Continuum Advisory LLC lifted its stake in shares of United Dominion Realty Trust by 38.0% in the fourth quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 351 shares in the last quarter. Integrity Wealth Solutions LLC lifted its stake in shares of United Dominion Realty Trust by 5.6% in the first quarter. Integrity Wealth Solutions LLC now owns 6,766 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 357 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of United Dominion Realty Trust by 47.8% in the first quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 434 shares in the last quarter. Institutional investors and hedge funds own 97.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on UDR shares. Scotiabank reduced their target price on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Friday, June 13th. Barclays lifted their price objective on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Evercore ISI dropped their price objective on shares of United Dominion Realty Trust from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, August 4th. Royal Bank Of Canada lifted their price objective on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, May 8th. Finally, Piper Sandler restated a “neutral” rating and issued a $43.00 price objective (down previously from $48.00) on shares of United Dominion Realty Trust in a report on Monday, August 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.57.

United Dominion Realty Trust Trading Down 1.5%

Shares of United Dominion Realty Trust stock opened at $37.52 on Tuesday. The company has a fifty day simple moving average of $40.46 and a 200-day simple moving average of $41.70. United Dominion Realty Trust, Inc. has a 12-month low of $36.61 and a 12-month high of $47.55. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76. The stock has a market cap of $12.43 billion, a price-to-earnings ratio of 98.73, a PEG ratio of 9.54 and a beta of 0.84.

United Dominion Realty Trust (NYSE:UDR) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. The business had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $422.64 million. During the same quarter in the prior year, the business posted $0.62 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities analysts forecast that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were given a $0.43 dividend. The ex-dividend date was Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.6%. United Dominion Realty Trust’s dividend payout ratio is 452.63%.

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.