Bank of Nova Scotia Buys New Position in United Dominion Realty Trust, Inc. $UDR

Bank of Nova Scotia bought a new stake in United Dominion Realty Trust, Inc. (NYSE:UDR) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 39,085 shares of the real estate investment trust’s stock, valued at approximately $1,560,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of United Dominion Realty Trust during the second quarter worth about $1,247,535,000. Bank of New York Mellon Corp acquired a new stake in United Dominion Realty Trust during the 2nd quarter worth approximately $89,660,000. Deutsche Bank AG acquired a new stake in United Dominion Realty Trust during the 2nd quarter worth approximately $36,150,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in United Dominion Realty Trust in the 2nd quarter valued at approximately $24,849,000. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new position in United Dominion Realty Trust in the 2nd quarter valued at approximately $8,962,000. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

United Dominion Realty Trust Price Performance

UDR stock opened at $37.97 on Thursday. The business has a 50 day moving average price of $38.95 and a 200 day moving average price of $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 stock has a market cap of $12.20 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 9.72 and a beta of 0.70. United Dominion Realty Trust, Inc. has a fifty-two week low of $32.94 and a fifty-two week high of $42.00.

United Dominion Realty Trust (NYSE:UDR) last announced its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.21 EPS for the quarter, beating 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 company had revenue of $425.40 million for the quarter, compared to analyst estimates of $423.35 million. During the same period in the prior year, the firm posted $0.64 earnings per share. The firm’s 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. Equities research analysts anticipate that United Dominion Realty Trust, Inc. will post 2.53 earnings per share for the current fiscal year.

United Dominion Realty Trust declared that its board has initiated a stock repurchase plan on Monday, May 4th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors 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 shares were 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Dominion Realty Trust in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $44.00 target price on shares of United Dominion Realty Trust in a report on Friday, August 14th. JPMorgan Chase & Co. boosted their target price on United Dominion Realty Trust from $39.00 to $41.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 4th. Barclays upped their price target on United Dominion Realty Trust from $41.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Finally, Morgan Stanley reduced their price target on United Dominion Realty Trust from $44.50 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $41.66.

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.