Clearbridge Investments LLC Has $969,000 Stake in United Dominion Realty Trust, Inc. (NYSE:UDR)

Clearbridge Investments LLC cut its position in United Dominion Realty Trust, Inc. (NYSE:UDR) by 43.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 26,730 shares of the real estate investment trust’s stock after selling 20,520 shares during the period. Clearbridge Investments LLC’s holdings in United Dominion Realty Trust were worth $969,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of UDR. Quantitative Systematic Strategies LLC boosted its position in shares of United Dominion Realty Trust by 30.1% in the first quarter. Quantitative Systematic Strategies LLC now owns 38,983 shares of the real estate investment trust’s stock worth $1,413,000 after buying an additional 9,019 shares during the last quarter. DnB Asset Management AS raised its stake in United Dominion Realty Trust by 30.0% in the first quarter. DnB Asset Management AS now owns 26,844 shares of the real estate investment trust’s stock worth $973,000 after buying an additional 6,200 shares during the period. Verus Financial Partners Inc. raised its stake in United Dominion Realty Trust by 25.2% in the first quarter. Verus Financial Partners Inc. now owns 12,793 shares of the real estate investment trust’s stock worth $464,000 after buying an additional 2,574 shares during the period. Capstone Asset Management Co. raised its stake in United Dominion Realty Trust by 17.4% in the first quarter. Capstone Asset Management Co. now owns 38,515 shares of the real estate investment trust’s stock worth $1,397,000 after buying an additional 5,710 shares during the period. Finally, Bank of Montreal Can raised its stake in United Dominion Realty Trust by 7.1% in the first quarter. Bank of Montreal Can now owns 213,799 shares of the real estate investment trust’s stock worth $7,752,000 after buying an additional 14,257 shares during the period. 98.85% of the stock is owned by institutional investors and hedge funds.

Shares of United Dominion Realty Trust, Inc. (UDR) traded down 0.36% on Friday, reaching $38.64. The company’s stock had a trading volume of 1,162,886 shares. The company has a market cap of $10.34 billion, a PE ratio of 34.94 and a beta of 0.38. The firm has a 50 day moving average of $39.10 and a 200 day moving average of $37.25. United Dominion Realty Trust, Inc. has a 52-week low of $32.79 and a 52-week high of $40.71.

United Dominion Realty Trust (NYSE:UDR) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $247.97 million for the quarter, compared to analysts’ expectations of $244.17 million. United Dominion Realty Trust had a net margin of 30.74% and a return on equity of 10.40%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Analysts predict that United Dominion Realty Trust, Inc. will post $0.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 10th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.21%. United Dominion Realty Trust’s payout ratio is presently 112.73%.

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A number of research firms recently commented on UDR. Zacks Investment Research upgraded United Dominion Realty Trust from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Thursday, July 13th. BTIG Research increased their price target on United Dominion Realty Trust from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Cantor Fitzgerald restated a “buy” rating and set a $39.00 price target on shares of United Dominion Realty Trust in a research report on Monday, April 24th. Royal Bank Of Canada restated a “neutral” rating on shares of United Dominion Realty Trust in a research report on Sunday, July 16th. Finally, BMO Capital Markets restated a “hold” rating and set a $39.00 price target on shares of United Dominion Realty Trust in a research report on Tuesday, July 4th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $38.67.

In other United Dominion Realty Trust news, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $38.45, for a total transaction of $961,250.00. Following the sale, the chief executive officer now owns 1,136,295 shares of the company’s stock, valued at $43,690,542.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Warren L. Troupe sold 15,000 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $39.05, for a total transaction of $585,750.00. Following the sale, the vice president now directly owns 561,075 shares in the company, valued at approximately $21,909,978.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,000 shares of company stock worth $1,934,200. Insiders own 3.07% of the company’s stock.

United Dominion Realty Trust Company Profile

UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.

Institutional Ownership by Quarter for United Dominion Realty Trust (NYSE:UDR)

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