United Dominion Realty Trust, Inc. (NYSE:UDR) to Issue Monthly Dividend of $0.14

United Dominion Realty Trust, Inc. (NYSE:UDR) announced a monthly dividend on Thursday, September 24th. Shareholders of record on Monday, October 19th will be paid a dividend of $0.1450 per share by the real estate investment trust on Monday, November 2nd. This represents a $1.74 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Monday, October 19th.

United Dominion Realty Trust has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 15 years. United Dominion Realty Trust has a dividend payout ratio of 285.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect United Dominion Realty Trust to earn $2.58 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 67.4%.

United Dominion Realty Trust Price Performance

Shares of NYSE:UDR opened at $33.44 on Friday. 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 company has a market cap of $10.74 billion, a P/E ratio of 21.29, a P/E/G ratio of 8.69 and a beta of 0.70. United Dominion Realty Trust has a 52 week low of $32.94 and a 52 week high of $42.00. The business has a fifty day simple moving average of $37.16 and a 200-day simple moving average of $37.10.

United Dominion Realty Trust (NYSE:UDR) last announced its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. The firm had revenue of $425.40 million during the quarter, compared to analysts’ expectations of $423.35 million. During the same period in the prior year, the company earned $0.64 EPS. The firm’s revenue was up .0% on a year-over-year basis. 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. Equities research analysts forecast that United Dominion Realty Trust will post 2.53 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Addison Advisors LLC acquired a new position in shares of United Dominion Realty Trust in the second quarter worth $58,000. Northwestern Mutual Wealth Management Co. purchased a new position in United Dominion Realty Trust in the second quarter valued at about $75,000. Allworth Financial LP purchased a new position in United Dominion Realty Trust in the second quarter valued at about $106,000. Westpac Banking Corp acquired a new position in United Dominion Realty Trust in the 2nd quarter worth about $114,000. Finally, Global Retirement Partners LLC acquired a new position in United Dominion Realty Trust in the 2nd quarter worth about $187,000. 97.82% of the stock is owned by hedge funds and other institutional investors.

About United Dominion Realty Trust

United Dominion Realty Trust, Inc (NYSE: UDR) is a real estate investment trust focused on the ownership, acquisition, development, redevelopment and management of multifamily apartment communities. The company generates revenue primarily by leasing residential units to individuals and families.

Founded in 1972, UDR provides rental housing under its apartment community brands and supports residents through property management and related services. Its portfolio includes conventional apartment communities as well as properties offering amenities and technology-enabled services intended to enhance the resident experience.

UDR operates in selected metropolitan markets across the United States, with a focus on areas characterized by employment growth, household formation and sustained demand for rental housing.