BI Asset Management Fondsmaeglerselskab A S decreased its stake in United Dominion Realty Trust, Inc. (NYSE:UDR – Free Report) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,916 shares of the real estate investment trust’s stock after selling 562 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in United Dominion Realty Trust were worth $674,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Spire Wealth Management grew its position in shares of United Dominion Realty Trust by 3,079.2% in the first quarter. Spire Wealth Management now owns 763 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 739 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of United Dominion Realty Trust in the first quarter valued at about $47,000. Horizon Financial Services LLC acquired a new stake in shares of United Dominion Realty Trust in the first quarter valued at about $51,000. National Pension Service grew its position in shares of United Dominion Realty Trust by 2,553.5% in the first quarter. National Pension Service now owns 1,141 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,098 shares during the period. Finally, Continuum Advisory LLC grew its position 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 valued at $55,000 after purchasing an additional 351 shares during the period. Institutional investors and hedge funds own 97.82% of the company’s stock.
United Dominion Realty Trust Stock Performance
UDR opened at $39.1670 on Friday. The firm has a market capitalization of $12.98 billion, a PE ratio of 103.07, a PEG ratio of 9.64 and a beta of 0.84. United Dominion Realty Trust, Inc. has a twelve month low of $36.61 and a twelve month high of $47.55. The firm’s 50-day moving average price is $39.95 and its 200 day moving average price is $41.51. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76.
United Dominion Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.72 dividend on an annualized basis and a yield of 4.4%. United Dominion Realty Trust’s payout ratio is 452.63%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. Scotiabank dropped 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 report on Friday, June 13th. Morgan Stanley dropped their target price on shares of United Dominion Realty Trust from $47.50 to $44.50 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Piper Sandler reiterated a “neutral” rating and issued a $43.00 target price (down previously from $48.00) on shares of United Dominion Realty Trust in a research report on Monday, August 4th. Wall Street Zen lowered shares of United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, Royal Bank Of Canada boosted their price target on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $45.23.
Check Out Our Latest Report on United Dominion Realty Trust
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.
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