Carronade Capital Management LP Buys 37,775 Shares of United Dominion Realty Trust, Inc. $UDR

Carronade Capital Management LP lifted its stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR) by 19.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 232,627 shares of the real estate investment trust’s stock after acquiring an additional 37,775 shares during the period. United Dominion Realty Trust makes up 0.6% of Carronade Capital Management LP’s investment portfolio, making the stock its 17th biggest position. Carronade Capital Management LP’s holdings in United Dominion Realty Trust were worth $10,508,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in UDR. Vanguard Group Inc. raised its position in United Dominion Realty Trust by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 51,023,940 shares of the real estate investment trust’s stock worth $2,304,751,000 after purchasing an additional 214,209 shares during the period. Invesco Ltd. raised its position in United Dominion Realty Trust by 21.5% in the 1st quarter. Invesco Ltd. now owns 9,155,231 shares of the real estate investment trust’s stock worth $413,542,000 after purchasing an additional 1,619,997 shares during the period. Northern Trust Corp raised its position in United Dominion Realty Trust by 0.7% in the 1st quarter. Northern Trust Corp now owns 4,886,672 shares of the real estate investment trust’s stock worth $220,731,000 after purchasing an additional 32,693 shares during the period. Charles Schwab Investment Management Inc. raised its position in United Dominion Realty Trust by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,436,208 shares of the real estate investment trust’s stock worth $200,384,000 after purchasing an additional 69,154 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in United Dominion Realty Trust by 3.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,207,420 shares of the real estate investment trust’s stock worth $139,234,000 after purchasing an additional 120,456 shares during the period. 97.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UDR has been the topic of a number of analyst reports. Truist Financial decreased their price objective on shares of United Dominion Realty Trust from $46.00 to $43.00 and set a “hold” rating on the stock in a research report on Tuesday, August 26th. Evercore ISI decreased their price objective on shares of United Dominion Realty Trust from $45.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Morgan Stanley decreased their price objective 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. Barclays decreased their price objective on shares of United Dominion Realty Trust from $51.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 12th. Finally, Scotiabank cut 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. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $44.83.

United Dominion Realty Trust Trading Up 1.5%

Shares of NYSE UDR opened at $39.60 on Monday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 5.22 and a current ratio of 5.22. The firm’s 50 day moving average price is $39.74 and its 200-day moving average price is $41.37. United Dominion Realty Trust, Inc. has a 52-week low of $36.61 and a 52-week high of $47.55. The company has a market cap of $13.12 billion, a PE ratio of 104.20, a P/E/G ratio of 9.91 and a beta of 0.88.

United Dominion Realty Trust (NYSE:UDR) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share 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 firm had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $422.64 million. During the same period in the previous year, the company earned $0.62 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. United Dominion Realty Trust has set its Q3 2025 guidance at 0.620-0.640 EPS. FY 2025 guidance at 2.490-2.550 EPS. On average, equities research analysts expect that United Dominion Realty Trust, Inc. will post 2.51 EPS for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, July 10th. United Dominion Realty Trust’s dividend payout ratio is currently 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.