United Dominion Realty Trust, Inc. (UDR) Position Lowered by Gerstein Fisher, Report finds

United Dominion Realty Trust, Inc. (UDR) Position Lowered by Gerstein Fisher, Report finds

Gerstein Fisher cut its stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,772 shares of the real estate investment trust’s stock after selling 436 shares during the period. Gerstein Fisher’s holdings in United Dominion Realty Trust were worth $532,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of UDR. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of United Dominion Realty Trust by 3.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 633,633 shares of the real estate investment trust’s stock valued at $22,804,000 after buying an additional 21,066 shares during the period. Bank of New York Mellon Corp increased its position in shares of United Dominion Realty Trust by 53.2% in the third quarter. Bank of New York Mellon Corp now owns 7,312,669 shares of the real estate investment trust’s stock valued at $263,183,000 after buying an additional 2,538,172 shares during the period. Highbridge Capital Management LLC bought a new position in shares of United Dominion Realty Trust during the third quarter valued at about $1,979,000. Schroder Investment Management Group bought a new position in shares of United Dominion Realty Trust during the third quarter valued at about $22,760,000. Finally, JPMorgan Chase & Co. increased its position in shares of United Dominion Realty Trust by 54.9% in the third quarter. JPMorgan Chase & Co. now owns 377,151 shares of the real estate investment trust’s stock valued at $13,574,000 after buying an additional 133,668 shares during the period.

United Dominion Realty Trust, Inc. (NYSE:UDR) traded up 2.26% during trading on Wednesday, reaching $35.71. The company’s stock had a trading volume of 2,734,228 shares. The stock has a market cap of $9.54 billion, a PE ratio of 33.06 and a beta of 0.34. The company’s 50-day moving average is $35.56 and its 200-day moving average is $35.22. United Dominion Realty Trust, Inc. has a 12 month low of $32.79 and a 12 month high of $38.61.

United Dominion Realty Trust (NYSE:UDR) last announced its quarterly earnings results on Monday, January 30th. The real estate investment trust reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.36. United Dominion Realty Trust had a return on equity of 9.96% and a net margin of 30.52%. The firm had revenue of $243.10 million for the quarter, compared to analyst estimates of $242.05 million. During the same period last year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts expect that United Dominion Realty Trust, Inc. will post $0.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 10th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Friday, January 6th. United Dominion Realty Trust’s payout ratio is 109.26%.

Several research analysts recently issued reports on UDR shares. Evercore ISI upgraded shares of United Dominion Realty Trust from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Monday, November 28th. Zacks Investment Research cut United Dominion Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 24th. J P Morgan Chase & Co cut United Dominion Realty Trust from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $40.00 to $37.00 in a report on Friday, December 16th. BMO Capital Markets cut United Dominion Realty Trust from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $38.00 to $35.00 in a report on Tuesday, October 25th. Finally, Cantor Fitzgerald set a $39.00 price objective on United Dominion Realty Trust and gave the stock a “buy” rating in a report on Tuesday, December 6th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $38.20.

In related news, insider Warren L. Troupe sold 15,000 shares of United Dominion Realty Trust stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $36.15, for a total value of $542,250.00. Following the transaction, the insider now directly owns 538,422 shares of the company’s stock, valued at $19,463,955.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Harry G. Alcock sold 7,082 shares of United Dominion Realty Trust stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $36.00, for a total value of $254,952.00. Following the completion of the transaction, the senior vice president now directly owns 113,063 shares in the company, valued at $4,070,268. The disclosure for this sale can be found here. Company insiders own 2.79% of the company’s stock.

United Dominion Realty Trust Company Profile

UDR, Inc is a real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other.

Want to see what other hedge funds are holding UDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Dominion Realty Trust, Inc. (NYSE:UDR).

Related posts

Leave a Comment

United Dominion Realty Trust, Inc. (UDR) Position Lowered by Gerstein Fisher

United Dominion Realty Trust, Inc. (UDR) Position Lowered by Gerstein Fisher

Gerstein Fisher cut its stake in shares of United Dominion Realty Trust, Inc. (NYSE:UDR) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,772 shares of the real estate investment trust’s stock after selling 436 shares during the period. Gerstein Fisher’s holdings in United Dominion Realty Trust were worth $532,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of UDR. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of United Dominion Realty Trust by 3.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 633,633 shares of the real estate investment trust’s stock valued at $22,804,000 after buying an additional 21,066 shares during the period. Bank of New York Mellon Corp increased its position in shares of United Dominion Realty Trust by 53.2% in the third quarter. Bank of New York Mellon Corp now owns 7,312,669 shares of the real estate investment trust’s stock valued at $263,183,000 after buying an additional 2,538,172 shares during the period. Highbridge Capital Management LLC bought a new position in shares of United Dominion Realty Trust during the third quarter valued at about $1,979,000. Schroder Investment Management Group bought a new position in shares of United Dominion Realty Trust during the third quarter valued at about $22,760,000. Finally, JPMorgan Chase & Co. increased its position in shares of United Dominion Realty Trust by 54.9% in the third quarter. JPMorgan Chase & Co. now owns 377,151 shares of the real estate investment trust’s stock valued at $13,574,000 after buying an additional 133,668 shares during the period.

United Dominion Realty Trust, Inc. (NYSE:UDR) traded up 2.26% during trading on Wednesday, reaching $35.71. The company’s stock had a trading volume of 2,734,228 shares. The stock has a market cap of $9.54 billion, a PE ratio of 33.06 and a beta of 0.34. The company’s 50-day moving average is $35.56 and its 200-day moving average is $35.22. United Dominion Realty Trust, Inc. has a 12 month low of $32.79 and a 12 month high of $38.61.

United Dominion Realty Trust (NYSE:UDR) last announced its quarterly earnings results on Monday, January 30th. The real estate investment trust reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.36. United Dominion Realty Trust had a return on equity of 9.96% and a net margin of 30.52%. The firm had revenue of $243.10 million for the quarter, compared to analyst estimates of $242.05 million. During the same period last year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts expect that United Dominion Realty Trust, Inc. will post $0.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 10th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Friday, January 6th. United Dominion Realty Trust’s payout ratio is 109.26%.

Several research analysts recently issued reports on UDR shares. Evercore ISI upgraded shares of United Dominion Realty Trust from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Monday, November 28th. Zacks Investment Research cut United Dominion Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 24th. J P Morgan Chase & Co cut United Dominion Realty Trust from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $40.00 to $37.00 in a report on Friday, December 16th. BMO Capital Markets cut United Dominion Realty Trust from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $38.00 to $35.00 in a report on Tuesday, October 25th. Finally, Cantor Fitzgerald set a $39.00 price objective on United Dominion Realty Trust and gave the stock a “buy” rating in a report on Tuesday, December 6th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $38.20.

In related news, insider Warren L. Troupe sold 15,000 shares of United Dominion Realty Trust stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $36.15, for a total value of $542,250.00. Following the transaction, the insider now directly owns 538,422 shares of the company’s stock, valued at $19,463,955.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Harry G. Alcock sold 7,082 shares of United Dominion Realty Trust stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $36.00, for a total value of $254,952.00. Following the completion of the transaction, the senior vice president now directly owns 113,063 shares in the company, valued at $4,070,268. The disclosure for this sale can be found here. Company insiders own 2.79% of the company’s stock.

United Dominion Realty Trust Company Profile

UDR, Inc is a real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other.

Want to see what other hedge funds are holding UDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Dominion Realty Trust, Inc. (NYSE:UDR).

Related posts

Leave a Comment