Connor Clark & Lunn Investment Management Ltd. Makes New Investment in United Dominion Realty Trust, Inc. $UDR

Connor Clark & Lunn Investment Management Ltd. bought a new position in United Dominion Realty Trust, Inc. (NYSE:UDR) during the second quarter, HoldingsChannel.com reports. The fund bought 519,196 shares of the real estate investment trust’s stock, valued at approximately $20,726,000.

A number of other institutional investors have also recently made changes to their positions in UDR. BlackRock Inc. purchased a new position in United Dominion Realty Trust in the second quarter worth about $1,247,535,000. Bank of New York Mellon Corp bought a new stake in United Dominion Realty Trust during the second quarter worth approximately $89,660,000. Deutsche Bank AG purchased a new stake in United Dominion Realty Trust during the second quarter valued at approximately $36,150,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in United Dominion Realty Trust during the second quarter valued at approximately $24,849,000. Finally, Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of United Dominion Realty Trust in the 2nd quarter valued at approximately $8,962,000. Institutional investors own 97.82% of the company’s stock.

United Dominion Realty Trust Stock Performance

Shares of United Dominion Realty Trust stock opened at $38.19 on Wednesday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.01. The stock’s fifty day moving average is $38.94 and its two-hundred day moving average is $37.46. United Dominion Realty Trust, Inc. has a 52 week low of $32.94 and a 52 week high of $42.00. The company has a market capitalization of $12.27 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 9.78 and a beta of 0.70.

United Dominion Realty Trust (NYSE:UDR) last released its earnings results 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 return on equity of 16.56% and a net margin of 30.43%.The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company earned $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. As a group, analysts expect that United Dominion Realty Trust, Inc. will post 2.53 earnings per share for the current year.

United Dominion Realty Trust announced that its Board of Directors has initiated a share repurchase plan on Monday, May 4th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Scotiabank lifted their target price 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. Evercore restated an “outperform” rating on shares of United Dominion Realty Trust in a research report on Monday, June 8th. Wells Fargo & Company lifted 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. Barclays boosted their price objective on shares of United Dominion Realty Trust from $41.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Finally, Morgan Stanley lowered their target price on shares of United Dominion Realty Trust from $44.50 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $41.66.

Insiders Place Their Bets

In other United Dominion Realty Trust news, CEO Thomas W. Toomey sold 80,000 shares of the business’s stock in a transaction dated 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 $31,810,358.75. The trade was a 8.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.82% of the stock is owned by insiders.

About United Dominion Realty Trust

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.