Wealth Enhancement Advisory Services LLC Has $523,000 Stock Position in United Dominion Realty Trust, Inc. (NYSE:UDR)

Wealth Enhancement Advisory Services LLC raised its holdings in United Dominion Realty Trust, Inc. (NYSE:UDR) by 7.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 11,581 shares of the real estate investment trust’s stock after acquiring an additional 842 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in United Dominion Realty Trust were worth $523,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UDR. Vanguard Group Inc. boosted its position in United Dominion Realty Trust by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 50,809,731 shares of the real estate investment trust’s stock valued at $2,205,650,000 after buying an additional 180,551 shares in the last quarter. Norges Bank acquired a new position in shares of United Dominion Realty Trust in the 4th quarter worth approximately $1,273,442,000. 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 worth $566,940,000 after acquiring an additional 5,101,668 shares in the last quarter. FMR LLC boosted its stake in United Dominion Realty Trust by 10.5% in the fourth quarter. FMR LLC now owns 12,592,458 shares of the real estate investment trust’s stock worth $546,639,000 after purchasing an additional 1,191,432 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in United Dominion Realty Trust by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 7,924,151 shares of the real estate investment trust’s stock worth $343,129,000 after purchasing an additional 220,293 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

United Dominion Realty Trust Stock Performance

NYSE:UDR opened at $40.80 on Friday. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 116.57, a PEG ratio of 13.61 and a beta of 0.82. United Dominion Realty Trust, Inc. has a 1 year low of $36.61 and a 1 year high of $47.55. The stock’s 50 day simple moving average is $41.36 and its two-hundred day simple moving average is $42.08. The company has a debt-to-equity ratio of 1.77, a current ratio of 8.35 and a quick ratio of 8.35.

United Dominion Realty Trust (NYSE:UDR) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. The firm had revenue of $419.84 million during the quarter, compared to analyst estimates of $421.23 million. United Dominion Realty Trust had a return on equity of 3.73% and a net margin of 7.33%. United Dominion Realty Trust’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. As a group, equities analysts anticipate that United Dominion Realty Trust, Inc. will post 2.51 earnings per share for the current fiscal year.

United Dominion Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Thursday, July 10th. United Dominion Realty Trust’s dividend payout ratio is currently 491.43%.

Analyst Upgrades and Downgrades

UDR has been the subject of several research reports. Royal Bank Of Canada raised their price objective on shares of United Dominion Realty Trust from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, May 8th. Truist Financial lowered shares of United Dominion Realty Trust from a “buy” rating to a “hold” rating and raised their price target for the company from $45.00 to $46.00 in a report on Monday, March 10th. Scotiabank lowered their price target on shares of United Dominion Realty Trust from $51.00 to $48.00 and set a “sector perform” rating for the company in a report on Friday, June 13th. Barclays raised their price target on shares of United Dominion Realty Trust from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Finally, Mizuho lowered their target price on United Dominion Realty Trust from $45.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.38.

United Dominion Realty Trust Company Profile

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.