Cibc World Market Inc. Invests $5.34 Million in United Dominion Realty Trust, Inc. $UDR

Cibc World Market Inc. bought a new stake in United Dominion Realty Trust, Inc. (NYSE:UDR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 133,777 shares of the real estate investment trust’s stock, valued at approximately $5,340,000.

Other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC lifted its stake in shares of United Dominion Realty Trust by 5.8% in the first quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 337 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 buying an additional 986 shares during the period. Addison Advisors LLC acquired a new position in United Dominion Realty Trust during the second quarter worth about $58,000. Northwestern Mutual Wealth Management Co. purchased a new position in United Dominion Realty Trust in the second quarter valued at about $75,000. Finally, Allworth Financial LP purchased a new position in United Dominion Realty Trust in the second quarter valued at about $106,000. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UDR has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on United Dominion Realty Trust from $39.00 to $41.00 and gave the stock an “underweight” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $44.00 target price on shares of United Dominion Realty Trust in a report on Friday, August 14th. Evercore reaffirmed an “outperform” rating on shares of United Dominion Realty Trust in a research note on Monday, June 8th. Barclays boosted their price objective on shares of United Dominion Realty Trust from $41.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Finally, Mizuho increased their price objective on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, United Dominion Realty Trust has an average rating of “Hold” and a consensus price target of $41.66.

United Dominion Realty Trust Trading Down 0.5%

Shares of United Dominion Realty Trust stock opened at $38.19 on Wednesday. United Dominion Realty Trust, Inc. has a fifty-two week low of $32.94 and a fifty-two week high of $42.00. The business’s fifty day moving average is $38.94 and its two-hundred day moving average is $37.46. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.01. The firm has a market cap of $12.27 billion, a PE ratio of 24.32, a P/E/G ratio of 9.78 and a beta of 0.70.

United Dominion Realty Trust (NYSE:UDR) last released its earnings results on Monday, July 27th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. The business had revenue of $425.40 million for the quarter, compared to analysts’ expectations of $423.35 million. During the same period last year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. United Dominion Realty Trust has set its FY 2026 guidance at 2.490-2.570 EPS and its Q3 2026 guidance at 0.640-0.640 EPS. Analysts anticipate that United Dominion Realty Trust, Inc. will post 2.53 earnings per share for the current year.

United Dominion Realty Trust declared that its board has approved a stock buyback program on Monday, May 4th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity

In related news, CEO Thomas W. Toomey sold 80,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $39.25, for a total value of $3,140,000.00. Following the completion of the sale, the chief executive officer directly owned 810,455 shares in the company, valued at approximately $31,810,358.75. This represents a 8.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.82% of the stock is owned by insiders.

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.