The Manufacturers Life Insurance Company Acquires New Stake in United Dominion Realty Trust, Inc. $UDR

The Manufacturers Life Insurance Company acquired a new stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR) in the second quarter, Holdings Channel reports. The firm acquired 236,904 shares of the real estate investment trust’s stock, valued at approximately $9,457,000.

Other hedge funds have also added to or reduced their stakes in the company. Deutsche Bank AG purchased a new stake in shares of United Dominion Realty Trust in the second quarter worth $36,150,000. Danske Bank A S purchased a new position in shares of United Dominion Realty Trust in the 2nd quarter worth about $1,943,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in United Dominion Realty Trust in the 2nd quarter worth about $24,849,000. BlackRock Inc. bought a new position in United Dominion Realty Trust in the 2nd quarter worth about $1,247,535,000. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new stake in United Dominion Realty Trust during the 2nd quarter valued at about $8,962,000. 97.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of United Dominion Realty Trust from $37.00 to $38.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group reiterated a “sell” rating and set a $38.00 price target on shares of United Dominion Realty Trust in a report on Thursday, July 30th. Barclays raised their price target 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. Scotiabank boosted their price objective on shares of 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. Finally, Citigroup lowered their price objective on United Dominion Realty Trust from $42.00 to $40.50 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.66.

Insider Activity

In related news, CEO Thomas W. Toomey sold 80,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 810,455 shares of the company’s stock, valued at approximately $31,810,358.75. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.82% of the company’s stock.

United Dominion Realty Trust Stock Up 0.3%

United Dominion Realty Trust stock opened at $37.19 on Friday. The stock has a market cap of $11.95 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 9.45 and a beta of 0.70. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.22 and a current ratio of 4.22. United Dominion Realty Trust, Inc. has a one year low of $32.94 and a one year high of $42.00. The stock has a fifty day moving average of $38.93 and a 200 day moving average of $37.46.

United Dominion Realty Trust (NYSE:UDR) last announced its earnings results on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The business had revenue of $425.40 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm posted $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, sell-side analysts predict that United Dominion Realty Trust, Inc. will post 2.53 EPS for the current year.

United Dominion Realty Trust declared that its Board of Directors has authorized a stock buyback program on Monday, May 4th that allows the company to buyback 25,000,000 outstanding shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

United Dominion Realty Trust Profile

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.