United Dominion Realty Trust, Inc. (UDR) to Issue Quarterly Dividend of $0.43 on October 31st

United Dominion Realty Trust, Inc. (NYSE:UDR) announced a quarterly dividend on Thursday, September 18th, RTT News reports. Investors of record on Thursday, October 9th will be paid a dividend of 0.43 per share by the real estate investment trust on Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Thursday, October 9th.

United Dominion Realty Trust has a dividend payout ratio of 282.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect United Dominion Realty Trust to earn $2.61 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 65.9%.

United Dominion Realty Trust Stock Performance

NYSE UDR opened at $36.02 on Tuesday. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $11.94 billion, a PE ratio of 94.79, a price-to-earnings-growth ratio of 10.89 and a beta of 0.85. The business’s 50-day moving average price is $38.19 and its 200 day moving average price is $40.26. United Dominion Realty Trust has a twelve month low of $35.86 and a twelve month high of $46.62.

United Dominion Realty Trust (NYSE:UDR) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $423.00 million for the quarter, compared to analysts’ expectations of $422.64 million. United Dominion Realty Trust had a net margin of 7.81% and a return on equity of 4.11%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. United Dominion Realty Trust has set its Q3 2025 guidance at 0.620-0.640 EPS. FY 2025 guidance at 2.490-2.550 EPS. On average, research analysts predict that United Dominion Realty Trust will post 2.51 earnings per share for the current year.

Hedge Funds Weigh In On United Dominion Realty Trust

Several large investors have recently added to or reduced their stakes in UDR. Nuveen LLC acquired a new position in shares of United Dominion Realty Trust during the first quarter valued at $79,487,000. Invesco Ltd. increased its holdings in shares of United Dominion Realty Trust by 21.5% in the 1st quarter. Invesco Ltd. now owns 9,155,231 shares of the real estate investment trust’s stock worth $413,542,000 after acquiring an additional 1,619,997 shares during the period. Woodline Partners LP lifted its position in United Dominion Realty Trust by 173.0% in the 1st quarter. Woodline Partners LP now owns 1,421,023 shares of the real estate investment trust’s stock valued at $64,188,000 after purchasing an additional 900,504 shares during the last quarter. Strs Ohio bought a new position in United Dominion Realty Trust in the 1st quarter worth about $36,506,000. Finally, Alyeska Investment Group L.P. grew its position in United Dominion Realty Trust by 155.1% in the 1st quarter. Alyeska Investment Group L.P. now owns 904,642 shares of the real estate investment trust’s stock worth $40,863,000 after purchasing an additional 549,973 shares during the last quarter. 97.82% of the stock is currently owned by institutional investors.

About United Dominion Realty Trust

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.