United Dominion Realty Trust (NYSE:UDR) Posts Earnings Results, Beats Estimates By $0.03 EPS

United Dominion Realty Trust (NYSE:UDR) announced its earnings results on Monday. The real estate investment trust reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03, Zacks reports. The firm had revenue of $433.11 million for the quarter, compared to analysts’ expectations of $430.28 million. United Dominion Realty Trust had a return on equity of 4.54% and a net margin of 8.80%.

United Dominion Realty Trust Price Performance

Shares of NYSE UDR traded up $0.14 during mid-day trading on Monday, hitting $37.69. 5,188,947 shares of the stock were exchanged, compared to its average volume of 4,918,908. The company has a market cap of $12.46 billion, a P/E ratio of 85.66, a PEG ratio of 7.93 and a beta of 0.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.92 and a current ratio of 4.92. United Dominion Realty Trust has a twelve month low of $32.94 and a twelve month high of $46.47. The stock’s fifty day simple moving average is $36.50 and its two-hundred day simple moving average is $36.85.

United Dominion Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Monday, January 12th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, January 12th. United Dominion Realty Trust’s dividend payout ratio is currently 390.91%.

Institutional Trading of United Dominion Realty Trust

Several large investors have recently made changes to their positions in the business. Empowered Funds LLC increased its stake in shares of United Dominion Realty Trust by 5.8% in the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 337 shares in the last quarter. Jane Street Group LLC raised its stake in shares of United Dominion Realty Trust by 35.0% in the first quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust’s stock worth $634,000 after acquiring an additional 3,637 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of United Dominion Realty Trust by 1.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,692 shares of the real estate investment trust’s stock valued at $2,741,000 after purchasing an additional 986 shares during the last quarter. Institutional investors own 97.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UDR. Scotiabank dropped their price target on United Dominion Realty Trust from $46.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 4th. Royal Bank Of Canada reduced their price objective on United Dominion Realty Trust from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 4th. The Goldman Sachs Group lifted their target price on shares of United Dominion Realty Trust from $33.00 to $37.50 and gave the company a “sell” rating in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of United Dominion Realty Trust in a research note on Monday, December 29th. Finally, Evercore lowered their target price on shares of United Dominion Realty Trust from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, United Dominion Realty Trust currently has an average rating of “Hold” and a consensus price target of $40.21.

United Dominion Realty Trust Company 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.