UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC trimmed its holdings in United Dominion Realty Trust, Inc. (NYSE:UDR – Free Report) by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,170,212 shares of the real estate investment trust’s stock after selling 37,208 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.96% of United Dominion Realty Trust worth $143,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of the business. GF Fund Management CO. LTD. increased its stake in shares of United Dominion Realty Trust by 4.3% in 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 acquiring an additional 243 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of United Dominion Realty Trust by 4.5% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,864 shares of the real estate investment trust’s stock worth $355,000 after acquiring an additional 336 shares in the last quarter. Empowered Funds LLC increased its stake in shares of United Dominion Realty Trust by 5.8% in the 1st quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 337 shares in the last quarter. Continuum Advisory LLC increased its stake in shares of United Dominion Realty Trust by 38.0% in the 4th quarter. Continuum Advisory LLC now owns 1,275 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 351 shares in the last quarter. Finally, Integrity Wealth Solutions LLC increased its stake in shares of United Dominion Realty Trust by 5.6% in the 1st quarter. Integrity Wealth Solutions LLC now owns 6,766 shares of the real estate investment trust’s stock worth $306,000 after acquiring an additional 357 shares in the last quarter. 97.82% of the stock is currently owned by institutional investors.
United Dominion Realty Trust Stock Performance
Shares of NYSE UDR opened at $38.36 on Friday. The firm’s 50-day moving average price is $39.33 and its 200-day moving average price is $41.09. The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 1.76. The company has a market cap of $12.71 billion, a PE ratio of 100.95, a PEG ratio of 9.74 and a beta of 0.88. United Dominion Realty Trust, Inc. has a 52-week low of $36.61 and a 52-week high of $47.55.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on UDR. Truist Financial decreased their price target on shares of United Dominion Realty Trust from $46.00 to $43.00 and set a “hold” rating for the company in a research note on Tuesday, August 26th. Barclays reduced their price objective on shares of United Dominion Realty Trust from $51.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, August 12th. Evercore ISI reduced their price objective on shares of United Dominion Realty Trust from $45.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Scotiabank reduced their price objective on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a “sector perform” rating for the company in a research note on Friday, June 13th. Finally, Morgan Stanley reduced their price objective on shares of United Dominion Realty Trust from $47.50 to $44.50 and set an “equal weight” rating for the company in a research note on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.73.
Read Our Latest Stock Report on UDR
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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