Jupiter Topco LLC acquired a new position in shares of Urban Edge Properties (NYSE:UE – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 51,317 shares of the real estate investment trust’s stock, valued at approximately $1,173,000.
Several other large investors also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Urban Edge Properties during the 2nd quarter worth $523,715,000. State Street Corp increased its stake in Urban Edge Properties by 1.3% during the 2nd quarter. State Street Corp now owns 7,394,625 shares of the real estate investment trust’s stock worth $137,984,000 after buying an additional 92,101 shares during the period. Wellington Management Group LLP increased its stake in Urban Edge Properties by 1.8% during the 4th quarter. Wellington Management Group LLP now owns 4,606,296 shares of the real estate investment trust’s stock worth $88,395,000 after buying an additional 82,594 shares during the period. Jennison Associates LLC lifted its holdings in Urban Edge Properties by 72.2% in the 1st quarter. Jennison Associates LLC now owns 4,585,256 shares of the real estate investment trust’s stock worth $91,613,000 after buying an additional 1,923,202 shares in the last quarter. Finally, Resolution Capital Ltd lifted its holdings in Urban Edge Properties by 74.1% in the 1st quarter. Resolution Capital Ltd now owns 3,940,938 shares of the real estate investment trust’s stock worth $78,740,000 after buying an additional 1,677,531 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.
Analyst Upgrades and Downgrades
UE has been the subject of several recent analyst reports. BTIG Research restated a “buy” rating and set a $25.00 target price on shares of Urban Edge Properties in a research note on Friday, June 12th. Weiss Ratings downgraded Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, UBS Group raised their price objective on Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Urban Edge Properties presently has an average rating of “Hold” and a consensus target price of $23.20.
Urban Edge Properties Stock Down 0.8%
NYSE:UE opened at $21.00 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 38.89 and a beta of 0.97. Urban Edge Properties has a one year low of $18.46 and a one year high of $24.11. The stock has a 50-day simple moving average of $22.33 and a 200 day simple moving average of $21.81.
Urban Edge Properties (NYSE:UE – Get Free Report) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $122.78 million for the quarter, compared to the consensus estimate of $117.86 million. Urban Edge Properties had a return on equity of 4.92% and a net margin of 13.72%.Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. Sell-side analysts predict that Urban Edge Properties will post 1.52 EPS for the current fiscal year.
Urban Edge Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.84 annualized dividend and a yield of 4.0%. Urban Edge Properties’s dividend payout ratio (DPR) is 155.56%.
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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