Wolverine Asset Management LLC Buys 29,288 Shares of Urban Edge Properties $UE

Wolverine Asset Management LLC increased its stake in shares of Urban Edge Properties (NYSE:UE) by 473.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,477 shares of the real estate investment trust’s stock after buying an additional 29,288 shares during the quarter. Wolverine Asset Management LLC’s holdings in Urban Edge Properties were worth $662,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of UE. Nuveen LLC purchased a new position in Urban Edge Properties in the first quarter worth $30,837,000. Westwood Holdings Group Inc. raised its holdings in shares of Urban Edge Properties by 35.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,945,310 shares of the real estate investment trust’s stock valued at $74,961,000 after acquiring an additional 1,031,587 shares in the last quarter. Algert Global LLC raised its holdings in shares of Urban Edge Properties by 872.7% in the 1st quarter. Algert Global LLC now owns 464,227 shares of the real estate investment trust’s stock valued at $8,820,000 after acquiring an additional 416,502 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Urban Edge Properties by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 20,299,913 shares of the real estate investment trust’s stock valued at $385,698,000 after acquiring an additional 337,717 shares in the last quarter. Finally, GW&K Investment Management LLC purchased a new stake in shares of Urban Edge Properties in the 1st quarter valued at about $5,511,000. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wall Street Zen raised Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. LADENBURG THALM/SH SH assumed coverage on Urban Edge Properties in a report on Tuesday, September 9th. They set a “neutral” rating and a $23.00 price objective on the stock. Morgan Stanley raised their price objective on Urban Edge Properties from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, September 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Urban Edge Properties in a report on Wednesday, October 8th. Finally, Evercore ISI raised their price objective on Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Urban Edge Properties has a consensus rating of “Hold” and a consensus price target of $22.00.

Urban Edge Properties Price Performance

UE opened at $19.24 on Monday. The stock’s 50 day simple moving average is $20.30 and its 200 day simple moving average is $19.37. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.61 and a quick ratio of 2.61. Urban Edge Properties has a 1 year low of $15.66 and a 1 year high of $23.85. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 21.61 and a beta of 1.25.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Urban Edge Properties had a return on equity of 8.10% and a net margin of 23.73%.The business had revenue of $119.20 million for the quarter, compared to analyst estimates of $117.85 million. Urban Edge Properties has set its FY 2025 guidance at 1.420-1.440 EPS. As a group, analysts predict that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.19 per share. The ex-dividend date was Monday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 4.0%. Urban Edge Properties’s payout ratio is presently 85.39%.

Urban Edge Properties Company Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.