MQS Management LLC Invests $360,000 in Urban Edge Properties $UE

MQS Management LLC bought a new position in shares of Urban Edge Properties (NYSE:UE) during the 2nd quarter, Holdings Channel reports. The firm bought 19,296 shares of the real estate investment trust’s stock, valued at approximately $360,000.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Urban Edge Properties by 9.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,300 shares of the real estate investment trust’s stock valued at $671,000 after acquiring an additional 3,031 shares during the period. Intech Investment Management LLC lifted its stake in shares of Urban Edge Properties by 41.3% during the first quarter. Intech Investment Management LLC now owns 101,897 shares of the real estate investment trust’s stock valued at $1,936,000 after acquiring an additional 29,808 shares during the period. Cubist Systematic Strategies LLC lifted its stake in shares of Urban Edge Properties by 1,194.7% during the first quarter. Cubist Systematic Strategies LLC now owns 145,625 shares of the real estate investment trust’s stock valued at $2,767,000 after acquiring an additional 134,377 shares during the period. Adage Capital Partners GP L.L.C. acquired a new position in shares of Urban Edge Properties during the first quarter valued at $1,900,000. Finally, XTX Topco Ltd acquired a new position in shares of Urban Edge Properties during the first quarter valued at $316,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on UE. Evercore ISI upped their price target on Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Wall Street Zen raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Urban Edge Properties in a research note on Friday. UBS Group assumed coverage on Urban Edge Properties in a report on Friday. They set a “neutral” rating and a $21.00 target price on the stock. Finally, LADENBURG THALM/SH SH assumed coverage on Urban Edge Properties in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $23.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.00.

Urban Edge Properties Stock Performance

UE stock opened at $20.49 on Monday. The business’s 50-day moving average price is $20.32 and its two-hundred day moving average price is $19.27. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 1.09. The firm has a market cap of $2.58 billion, a PE ratio of 24.39 and a beta of 1.26. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $23.85.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. Urban Edge Properties had a return on equity of 7.74% and a net margin of 22.86%.The company had revenue of $113.91 million during the quarter, compared to the consensus estimate of $115.99 million. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. As a group, research analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, September 15th. Urban Edge Properties’s dividend payout ratio is 90.48%.

Urban Edge Properties 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.