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

Clearbridge Investments LLC reduced its position in United Dominion Realty Trust, Inc. (NYSE:UDR) by 43.4% during the first quarter, according to its most recent 13F filing 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 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in UDR. Cleararc Capital Inc. boosted its stake in United Dominion Realty Trust by 0.9% in the first quarter. Cleararc Capital Inc. now owns 6,543 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 61 shares during the period. Telos Capital Management Inc. boosted its stake in United Dominion Realty Trust by 0.8% in the first quarter. Telos Capital Management Inc. now owns 18,200 shares of the real estate investment trust’s stock worth $660,000 after buying an additional 145 shares during the period. Pacer Advisors Inc. boosted its stake in United Dominion Realty Trust by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,000 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 192 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in United Dominion Realty Trust by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 7,127 shares of the real estate investment trust’s stock worth $242,000 after buying an additional 280 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in United Dominion Realty Trust by 0.7% in the first quarter. Oppenheimer & Co. Inc. now owns 52,756 shares of the real estate investment trust’s stock worth $1,913,000 after buying an additional 350 shares during the period. 98.98% of the stock is currently owned by institutional investors and hedge funds.

United Dominion Realty Trust, Inc. (NYSE UDR) opened at 37.75 on Wednesday. United Dominion Realty Trust, Inc. has a one year low of $32.79 and a one year high of $40.71. The firm has a market capitalization of $10.09 billion, a PE ratio of 33.53 and a beta of 0.38. The firm has a 50 day moving average of $39.03 and a 200 day moving average of $36.74.

United Dominion Realty Trust (NYSE:UDR) last posted its earnings results on Monday, April 24th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $243.80 million during the quarter, compared to analyst estimates of $240.55 million. United Dominion Realty Trust had a return on equity of 10.43% and a net margin of 31.84%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. Equities analysts forecast that United Dominion Realty Trust, Inc. will post $0.28 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 10th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.24 annualized dividend and a dividend yield of 3.28%. United Dominion Realty Trust’s payout ratio is currently 109.74%.

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A number of research firms recently weighed in on UDR. BidaskClub cut shares of United Dominion Realty Trust from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Evercore ISI cut shares of United Dominion Realty Trust from an “in-line” rating to an “underperform” rating and set a $38.00 price objective on the stock. in a report on Monday, June 12th. Barclays PLC increased their price objective on shares of United Dominion Realty Trust from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 19th. Zacks Investment Research cut shares of United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 22nd. Finally, BMO Capital Markets set a $39.00 target price on shares of United Dominion Realty Trust and gave the company a “hold” rating in a research note on Thursday, May 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. United Dominion Realty Trust presently has a consensus rating of “Hold” and an average price target of $38.50.

In related news, SVP Harry G. Alcock sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $38.72, for a total value of $387,200.00. Following the completion of the transaction, the senior vice president now directly owns 115,163 shares in the company, valued at approximately $4,459,111.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Warren L. Troupe sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $39.05, for a total value of $585,750.00. Following the completion of the transaction, the vice president now owns 561,075 shares of the company’s stock, valued at $21,909,978.75. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock valued at $1,934,200 over the last 90 days. Corporate 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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