Key Points
- CEO Thomas Toomey sold 80,000 UDR shares on June 5 at an average price of $39.25, totaling about $3.14 million and cutting his ownership by 8.98%.
- UDR reported mixed quarterly results, with EPS of $0.57 versus the $0.62 consensus estimate and revenue of $425.85 million, slightly below expectations. The company also reaffirmed FY 2026 guidance of $2.47-$2.57 EPS.
- The REIT continues to return cash to shareholders with a monthly dividend of $0.145 per share, yielding about 4.5%, and its board has authorized a 25 million-share repurchase plan.
United Dominion Realty Trust, Inc. (NYSE:UDR - Get Free Report) CEO Thomas Toomey sold 80,000 shares of the company's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $39.25, for a total transaction of $3,140,000.00. Following the completion of the sale, the chief executive officer directly owned 810,455 shares in the company, valued at $31,810,358.75. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
United Dominion Realty Trust Trading Down 1.5%
UDR opened at $38.62 on Tuesday. The stock has a market capitalization of $12.55 billion, a PE ratio of 26.27, a P/E/G ratio of 13.24 and a beta of 0.73. The firm's fifty day moving average price is $36.21 and its 200 day moving average price is $36.43. The company has a debt-to-equity ratio of 1.75, a current ratio of 5.56 and a quick ratio of 5.56. United Dominion Realty Trust, Inc. has a 12-month low of $32.94 and a 12-month high of $42.22.
United Dominion Realty Trust (NYSE:UDR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.05). The company had revenue of $425.85 million during the quarter, compared to analyst estimates of $427.08 million. United Dominion Realty Trust had a net margin of 28.60% and a return on equity of 15.10%. The company's revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. United Dominion Realty Trust has set its FY 2026 guidance at 2.470-2.570 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. As a group, research analysts expect that United Dominion Realty Trust, Inc. will post 2.53 EPS for the current fiscal year.
United Dominion Realty Trust Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.145 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 4.5%. United Dominion Realty Trust's dividend payout ratio is currently 118.37%.
United Dominion Realty Trust announced that its board has initiated a stock repurchase plan on Monday, May 4th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.
Institutional Investors Weigh In On United Dominion Realty Trust
Several institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of United Dominion Realty Trust by 1.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,692 shares of the real estate investment trust's stock worth $2,741,000 after acquiring an additional 986 shares during the period. Jane Street Group LLC increased its holdings in shares of United Dominion Realty Trust by 35.0% in the 1st 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 period. Finally, Empowered Funds LLC increased its holdings 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 during the period. Institutional investors and hedge funds own 97.82% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on UDR shares. Barclays dropped their target price on shares of United Dominion Realty Trust from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Monday, May 11th. Wells Fargo & Company increased their target price on shares of United Dominion Realty Trust from $39.00 to $43.00 and gave the stock an "overweight" rating in a report on Monday, June 1st. Evercore reiterated an "outperform" rating on shares of United Dominion Realty Trust in a research note on Monday. Cantor Fitzgerald dropped their price objective on shares of United Dominion Realty Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Monday, May 4th. Finally, Scotiabank dropped their price objective on shares of United Dominion Realty Trust from $39.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, United Dominion Realty Trust has a consensus rating of "Hold" and a consensus price target of $40.40.
View Our Latest Report on United Dominion Realty Trust
About United Dominion Realty Trust
(
Get Free Report)
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.
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