American International Group Inc. Has $3.26 Million Stake in United Dominion Realty Trust, Inc. (UDR)

American International Group Inc. decreased its position in United Dominion Realty Trust, Inc. (NYSE:UDR) by 0.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 89,960 shares of the real estate investment trust’s stock after selling 698 shares during the period. American International Group Inc.’s holdings in United Dominion Realty Trust were worth $3,262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of United Dominion Realty Trust during the fourth quarter worth approximately $81,569,000. American Century Companies Inc. acquired a new position in shares of United Dominion Realty Trust during the first quarter worth approximately $20,805,000. Canada Pension Plan Investment Board boosted its position in shares of United Dominion Realty Trust by 125.6% in the first quarter. Canada Pension Plan Investment Board now owns 811,766 shares of the real estate investment trust’s stock worth $29,435,000 after buying an additional 452,000 shares in the last quarter. Swiss National Bank boosted its position in shares of United Dominion Realty Trust by 16.1% in the first quarter. Swiss National Bank now owns 1,718,500 shares of the real estate investment trust’s stock worth $62,313,000 after buying an additional 237,800 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of United Dominion Realty Trust by 654.7% in the first quarter. BNP Paribas Arbitrage SA now owns 268,810 shares of the real estate investment trust’s stock worth $9,747,000 after buying an additional 233,192 shares in the last quarter. Hedge funds and other institutional investors own 98.98% of the company’s stock.

Institutional Ownership by Quarter for United Dominion Realty Trust (NYSE:UDR)

Shares of United Dominion Realty Trust, Inc. (NYSE:UDR) opened at 40.19 on Friday. United Dominion Realty Trust, Inc. has a 12-month low of $32.79 and a 12-month high of $40.32. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 35.69 and a beta of 0.37. The stock’s 50 day moving average is $38.48 and its 200 day moving average is $36.36.

United Dominion Realty Trust (NYSE:UDR) last issued its quarterly earnings results on Monday, April 24th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. United Dominion Realty Trust had a net margin of 31.84% and a return on equity of 10.43%. The company had revenue of $243.80 million during the quarter, compared to the consensus estimate of $240.55 million. During the same quarter in the prior year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts expect that United Dominion Realty Trust, Inc. will post $0.27 earnings per share for the current year.

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A number of research analysts have commented on UDR shares. Barclays PLC raised their price target on shares of United Dominion Realty Trust from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 19th. Zacks Investment Research cut shares of United Dominion Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 22nd. Cantor Fitzgerald restated a “buy” rating and set a $39.00 price target on shares of United Dominion Realty Trust in a research note on Monday, April 24th. Bank of America Corporation upgraded shares of United Dominion Realty Trust from an “underperform” rating to a “neutral” rating and set a $37.00 price target for the company in a research note on Wednesday, March 8th. Finally, Evercore ISI cut shares of United Dominion Realty Trust to a “buy” rating in a research note on Friday, March 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. United Dominion Realty Trust presently has an average rating of “Hold” and a consensus price target of $38.50.

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $38.45, for a total transaction of $961,250.00. Following the completion of the sale, the chief executive officer now owns 1,136,295 shares of the company’s stock, valued at approximately $43,690,542.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Harry G. Alcock sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $38.72, for a total transaction of $387,200.00. Following the sale, the senior vice president now directly owns 115,163 shares of the company’s stock, valued at approximately $4,459,111.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,000 shares of company stock valued at $1,889,200. 3.07% of the stock is currently owned by insiders.

United Dominion Realty Trust Company Profile

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

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