Mutual of America Capital Management LLC Has $1.58 Million Holdings in United Dominion Realty Trust, Inc. (NYSE:UDR)

Mutual of America Capital Management LLC lessened its stake in United Dominion Realty Trust, Inc. (NYSE:UDR) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,010 shares of the real estate investment trust’s stock after selling 959 shares during the quarter. Mutual of America Capital Management LLC’s holdings in United Dominion Realty Trust were worth $1,581,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in UDR. Capital Research Global Investors boosted its holdings in shares of United Dominion Realty Trust by 64.1% in the 4th quarter. Capital Research Global Investors now owns 13,060,120 shares of the real estate investment trust’s stock valued at $566,940,000 after buying an additional 5,101,668 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of United Dominion Realty Trust by 54.2% in the 4th quarter. Northern Trust Corp now owns 4,853,979 shares of the real estate investment trust’s stock valued at $210,711,000 after buying an additional 1,706,037 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of United Dominion Realty Trust in the 4th quarter valued at approximately $42,073,000. Waterfront Capital Partners LLC acquired a new stake in shares of United Dominion Realty Trust in the 4th quarter valued at approximately $26,742,000. Finally, Deutsche Bank AG boosted its holdings in shares of United Dominion Realty Trust by 56.6% in the 4th quarter. Deutsche Bank AG now owns 1,451,122 shares of the real estate investment trust’s stock valued at $62,993,000 after buying an additional 524,623 shares during the last quarter. Institutional investors and hedge funds own 97.82% of the company’s stock.

Analyst Upgrades and Downgrades

UDR has been the subject of several recent analyst reports. UBS Group cut their price objective on United Dominion Realty Trust from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, July 15th. Scotiabank dropped their price target on United Dominion Realty Trust from $51.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Friday, June 13th. Wall Street Zen cut United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Royal Bank Of Canada increased their price target on United Dominion Realty Trust from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, May 8th. Finally, Mizuho dropped their price target on United Dominion Realty Trust from $45.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, May 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.57.

United Dominion Realty Trust Stock Down 1.7%

UDR stock opened at $38.14 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 5.22 and a quick ratio of 5.22. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 100.36, a PEG ratio of 9.54 and a beta of 0.84. The business’s fifty day moving average price is $40.54 and its two-hundred day moving average price is $41.71. United Dominion Realty Trust, Inc. has a fifty-two week low of $36.61 and a fifty-two week high of $47.55.

United Dominion Realty Trust (NYSE:UDR) last posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $422.64 million. United Dominion Realty Trust had a return on equity of 4.11% and a net margin of 7.81%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS. On average, equities analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current year.

United Dominion Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.72 annualized dividend and a yield of 4.5%. United Dominion Realty Trust’s dividend payout ratio (DPR) is presently 452.63%.

About United Dominion Realty Trust

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.