Canada Pension Plan Investment Board Takes $219.56 Million Position in United Dominion Realty Trust, Inc. $UDR

Canada Pension Plan Investment Board bought a new position in shares of United Dominion Realty Trust, Inc. (NYSE:UDR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,500,000 shares of the real estate investment trust’s stock, valued at approximately $219,560,000.

A number of other hedge funds have also recently added to or reduced their stakes in UDR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in United Dominion Realty Trust by 1.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,692 shares of the real estate investment trust’s stock valued at $2,741,000 after buying an additional 986 shares during the period. Empowered Funds LLC lifted its holdings in shares of United Dominion Realty Trust by 5.8% during the 1st quarter. Empowered Funds LLC now owns 6,129 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 337 shares during the period. Jane Street Group LLC boosted its position in shares of United Dominion Realty Trust by 35.0% in the first quarter. Jane Street Group LLC now owns 14,028 shares of the real estate investment trust’s stock worth $634,000 after acquiring an additional 3,637 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of United Dominion Realty Trust in the second quarter worth approximately $676,000. Finally, State of Wyoming purchased a new stake in United Dominion Realty Trust in the second quarter valued at approximately $472,000. 97.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on UDR. Cantor Fitzgerald upped their price target on shares of United Dominion Realty Trust from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Morgan Stanley lowered their price objective on shares of United Dominion Realty Trust from $44.50 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 12th. Jefferies Financial Group raised United Dominion Realty Trust to a “strong-buy” rating in a research report on Wednesday, July 22nd. Wall Street Zen upgraded United Dominion Realty Trust from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Finally, Scotiabank boosted their price target on United Dominion Realty Trust from $38.00 to $41.00 and gave the company a “sector perform” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $41.66.

United Dominion Realty Trust Price Performance

UDR opened at $38.19 on Wednesday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.01. United Dominion Realty Trust, Inc. has a 52-week low of $32.94 and a 52-week high of $42.00. The company has a 50 day moving average of $38.94 and a two-hundred day moving average of $37.46. The company has a market cap of $12.27 billion, a P/E 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 issued its earnings results on Monday, July 27th. The real estate investment trust reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $425.40 million for the quarter, compared to the consensus estimate of $423.35 million. United Dominion Realty Trust had a net margin of 30.43% and a return on equity of 16.56%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS. 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. On average, analysts expect that United Dominion Realty Trust, Inc. will post 2.53 earnings per share for the current year.

United Dominion Realty Trust announced that its Board of Directors has approved a stock repurchase plan on Monday, May 4th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other United Dominion Realty Trust news, CEO Thomas W. Toomey sold 80,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 810,455 shares of the company’s stock, valued at $31,810,358.75. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.82% of the stock is owned by company insiders.

United Dominion Realty Trust 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.