MQS Management LLC acquired a new position in Urban Edge Properties (NYSE:UE – Free Report) in the fourth quarter, Holdings Channel reports. The firm acquired 54,246 shares of the real estate investment trust’s stock, valued at approximately $1,041,000. Urban Edge Properties accounts for 0.6% of MQS Management LLC’s portfolio, making the stock its 12th largest holding.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Urban Edge Properties by 426.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,071 shares during the period. Global Retirement Partners LLC boosted its stake in Urban Edge Properties by 2,108.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,307 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Urban Edge Properties in the 3rd quarter worth approximately $35,000. Smartleaf Asset Management LLC boosted its stake in Urban Edge Properties by 45.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 593 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in Urban Edge Properties by 137.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,306 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on UE shares. Weiss Ratings raised shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. UBS Group raised their price objective on shares of Urban Edge Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.40.
Insider Activity
In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 19,034 shares of Urban Edge Properties stock in a transaction on Monday, May 11th. The shares were sold at an average price of $21.62, for a total transaction of $411,515.08. Following the completion of the sale, the chief executive officer owned 3,665 shares of the company’s stock, valued at $79,237.30. This trade represents a 83.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by company insiders.
Urban Edge Properties Trading Down 0.4%
Shares of NYSE:UE opened at $22.30 on Friday. The firm has a fifty day moving average of $21.15 and a two-hundred day moving average of $20.15. The firm has a market capitalization of $2.81 billion, a P/E ratio of 25.92 and a beta of 0.99. Urban Edge Properties has a 12-month low of $17.48 and a 12-month high of $22.53. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.21.
Urban Edge Properties (NYSE:UE – Get Free Report) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The company had revenue of $132.62 million during the quarter, compared to analyst estimates of $119.45 million. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. On average, equities analysts expect that Urban Edge Properties will post 1.5 EPS for the current fiscal year.
Urban Edge Properties Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.8%. Urban Edge Properties’s dividend payout ratio (DPR) is 97.67%.
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.
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