Thomas Toomey Sells 80,000 Shares of United Dominion Realty Trust (NYSE:UDR) Stock

United Dominion Realty Trust, Inc. (NYSE:UDR) CEO Thomas Toomey sold 80,000 shares of United Dominion Realty Trust stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $39.25, for a total value of $3,140,000.00. Following the completion of the transaction, the chief executive officer owned 810,455 shares in the company, valued at $31,810,358.75. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

United Dominion Realty Trust Trading Up 1.8%

Shares of UDR stock opened at $39.30 on Wednesday. The business’s 50 day moving average is $36.33 and its two-hundred day moving average is $36.46. United Dominion Realty Trust, Inc. has a twelve month low of $32.94 and a twelve month high of $42.22. The company has a market capitalization of $12.77 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 13.04 and a beta of 0.73. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 1.75.

United Dominion Realty Trust (NYSE:UDR) last announced its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.05). United Dominion Realty Trust had a net margin of 28.60% and a return on equity of 15.10%. The company had revenue of $425.85 million during the quarter, compared to analysts’ expectations of $427.08 million. During the same quarter last year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. 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. Equities analysts forecast that United Dominion Realty Trust, Inc. will post 2.53 EPS for the current year.

United Dominion Realty Trust declared that its Board of Directors has authorized 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. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

United Dominion Realty Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.145 dividend. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, September 15th. United Dominion Realty Trust’s dividend payout ratio (DPR) is 118.37%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UDR shares. Cantor Fitzgerald lowered their target price on 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. Piper Sandler raised their price target on United Dominion Realty Trust from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. The Goldman Sachs Group reduced their price target on United Dominion Realty Trust from $39.00 to $35.00 and set a “sell” rating for the company in a report on Friday, April 17th. Weiss Ratings reissued a “hold (c)” rating on shares of United Dominion Realty Trust in a report on Friday, March 27th. Finally, Barclays reduced their price target on United Dominion Realty Trust from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Five 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, the stock presently has an average rating of “Hold” and a consensus target price of $40.40.

Hedge Funds Weigh In On United Dominion Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in United Dominion Realty Trust by 5.8% during the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 337 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 worth $2,741,000 after purchasing an additional 986 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in United Dominion Realty Trust by 35.0% during the first quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust’s stock worth $634,000 after purchasing an additional 3,637 shares during the last quarter. 97.82% of the stock is owned by institutional investors and hedge funds.

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.