Urban Edge Properties $UE Shares Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC grew its position in Urban Edge Properties (NYSE:UE) by 77.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,821 shares of the real estate investment trust’s stock after buying an additional 27,344 shares during the quarter. Wolverine Asset Management LLC’s holdings in Urban Edge Properties were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Hudson Bay Capital Management LP lifted its position in shares of Urban Edge Properties by 47.2% during the second quarter. Hudson Bay Capital Management LP now owns 1,949,069 shares of the real estate investment trust’s stock worth $36,370,000 after purchasing an additional 624,645 shares in the last quarter. Jane Street Group LLC purchased a new position in Urban Edge Properties in the 1st quarter valued at approximately $5,076,000. Resolution Capital Ltd grew its stake in shares of Urban Edge Properties by 11.8% in the second quarter. Resolution Capital Ltd now owns 2,475,155 shares of the real estate investment trust’s stock worth $46,186,000 after acquiring an additional 262,167 shares in the last quarter. Bank of America Corp DE increased its position in shares of Urban Edge Properties by 46.6% during the second quarter. Bank of America Corp DE now owns 657,241 shares of the real estate investment trust’s stock worth $12,264,000 after acquiring an additional 208,815 shares during the period. Finally, Norges Bank acquired a new stake in shares of Urban Edge Properties in the second quarter valued at $2,199,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Urban Edge Properties Stock Performance

Shares of UE stock opened at $18.97 on Friday. The stock’s 50-day moving average is $19.13 and its two-hundred day moving average is $19.62. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.61 and a current ratio of 2.61. Urban Edge Properties has a 1 year low of $15.66 and a 1 year high of $21.73. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 21.31 and a beta of 1.04.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $120.13 million for the quarter, compared to the consensus estimate of $117.85 million. Urban Edge Properties had a return on equity of 8.10% and a net margin of 23.73%.Urban Edge Properties has set its FY 2025 guidance at 1.420-1.440 EPS. Analysts predict that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a dividend of $0.19 per share. The ex-dividend date was Monday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 4.0%. Urban Edge Properties’s dividend payout ratio is 85.39%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. UBS Group lowered their price objective on Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Morgan Stanley raised their price objective on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Finally, Weiss Ratings raised Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.00.

Urban Edge Properties Profile

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.