Liberty Mutual Group Asset Management Inc. Has $342,000 Stake in United Dominion Realty Trust, Inc. (NYSE:UDR)

Liberty Mutual Group Asset Management Inc. cut its stake in United Dominion Realty Trust, Inc. (NYSE:UDR) by 46.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,434 shares of the real estate investment trust’s stock after selling 8,282 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in United Dominion Realty Trust were worth $342,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Quantitative Systematic Strategies LLC increased its stake in United Dominion Realty Trust by 30.1% in the first quarter. Quantitative Systematic Strategies LLC now owns 38,983 shares of the real estate investment trust’s stock worth $1,413,000 after buying an additional 9,019 shares during the last quarter. DnB Asset Management AS increased its stake in United Dominion Realty Trust by 30.0% in the first quarter. DnB Asset Management AS now owns 26,844 shares of the real estate investment trust’s stock worth $973,000 after buying an additional 6,200 shares during the last quarter. Verus Financial Partners Inc. increased its stake in shares of United Dominion Realty Trust by 25.2% in the first quarter. Verus Financial Partners Inc. now owns 12,793 shares of the real estate investment trust’s stock valued at $464,000 after buying an additional 2,574 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of United Dominion Realty Trust by 17.4% in the first quarter. Capstone Asset Management Co. now owns 38,515 shares of the real estate investment trust’s stock valued at $1,397,000 after buying an additional 5,710 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of United Dominion Realty Trust by 7.1% in the first quarter. Bank of Montreal Can now owns 213,799 shares of the real estate investment trust’s stock valued at $7,752,000 after buying an additional 14,257 shares during the last quarter. 98.79% of the stock is owned by institutional investors.

United Dominion Realty Trust, Inc. (UDR) traded down 0.58% during midday trading on Monday, reaching $39.14. The company’s stock had a trading volume of 1,562,728 shares. The firm has a 50 day moving average price of $39.24 and a 200-day moving average price of $37.12. The company has a market cap of $10.47 billion, a P/E ratio of 34.76 and a beta of 0.38. United Dominion Realty Trust, Inc. has a 12-month low of $32.79 and a 12-month high of $40.71.

United Dominion Realty Trust (NYSE:UDR) last issued its quarterly earnings data on Monday, April 24th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $243.80 million during the quarter, compared to analysts’ expectations of $240.55 million. United Dominion Realty Trust had a return on equity of 10.43% and a net margin of 31.84%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. On average, equities research analysts predict that United Dominion Realty Trust, Inc. will post $0.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 10th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.24 annualized dividend and a dividend yield of 3.17%. United Dominion Realty Trust’s dividend payout ratio (DPR) is presently 109.74%.

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Several equities analysts have recently issued reports on UDR shares. Royal Bank Of Canada reissued a “neutral” rating on shares of United Dominion Realty Trust in a research note on Sunday, July 16th. Zacks Investment Research cut United Dominion Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. BidaskClub cut United Dominion Realty Trust from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. BMO Capital Markets reaffirmed a “hold” rating and issued a $39.00 price target on shares of United Dominion Realty Trust in a research note on Tuesday, July 4th. Finally, BTIG Research cut United Dominion Realty Trust from a “buy” rating to a “neutral” rating in a research note on Friday, June 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $38.50.

In other news, SVP Harry G. Alcock sold 10,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $38.72, for a total value of $387,200.00. Following the completion of the transaction, the senior vice president now owns 115,163 shares of the company’s stock, valued at approximately $4,459,111.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $38.45, for a total value of $961,250.00. Following the completion of the transaction, the chief executive officer now directly owns 1,136,295 shares of the company’s stock, valued at approximately $43,690,542.75. The disclosure for this sale can be found here. In the last three months, insiders sold 50,000 shares of company stock valued at $1,934,200. Insiders own 3.07% of the company’s stock.

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.

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

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