United Dominion Realty Trust, Inc. (NYSE:UDR) Stock Position Lifted by LPL Financial LLC

LPL Financial LLC boosted its stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR) by 3.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,146 shares of the real estate investment trust’s stock after purchasing an additional 3,525 shares during the period. LPL Financial LLC’s holdings in United Dominion Realty Trust were worth $5,156,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its stake in shares of United Dominion Realty Trust by 4.8% during the 4th quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 237 shares during the last quarter. GF Fund Management CO. LTD. increased its stake in shares of United Dominion Realty Trust by 4.3% during the 1st quarter. GF Fund Management CO. LTD. now owns 5,937 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 243 shares during the last quarter. Continuum Advisory LLC increased its stake in shares of United Dominion Realty Trust by 38.0% during the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 351 shares during the last quarter. Integrity Wealth Solutions LLC increased its stake in shares of United Dominion Realty Trust by 5.6% during the 1st quarter. Integrity Wealth Solutions LLC now owns 6,766 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 357 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of United Dominion Realty Trust by 47.8% during the 1st quarter. UMB Bank n.a. now owns 1,342 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 434 shares during the last quarter. 97.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on UDR. Scotiabank dropped their price target 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. Evercore ISI dropped their price target on shares of United Dominion Realty Trust from $45.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday. Mizuho dropped their price target on shares of United Dominion Realty Trust from $45.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, May 23rd. Morgan Stanley set a $44.50 price target on shares of United Dominion Realty Trust and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Wall Street Zen lowered shares of United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.23.

United Dominion Realty Trust Price Performance

NYSE:UDR opened at $38.51 on Thursday. The stock has a market cap of $12.76 billion, a P/E ratio of 101.34, a PEG ratio of 9.48 and a beta of 0.84. United Dominion Realty Trust, Inc. has a one year low of $36.61 and a one year high of $47.55. The company has a fifty day moving average price of $40.35 and a 200 day moving average price of $41.65. The company has a debt-to-equity ratio of 1.76, a current ratio of 5.22 and a quick ratio of 5.22.

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

United Dominion Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.5%. The ex-dividend date was Thursday, July 10th. United Dominion Realty Trust’s dividend payout ratio is presently 452.63%.

About United Dominion Realty Trust

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.