Legal & General Group Plc lifted its position in shares of Urban Edge Properties (NYSE:UE – Free Report) by 15.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 874,244 shares of the real estate investment trust’s stock after purchasing an additional 115,850 shares during the period. Legal & General Group Plc owned about 0.69% of Urban Edge Properties worth $16,777,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in UE. Wellington Management Group LLP bought a new stake in Urban Edge Properties in the third quarter valued at approximately $92,600,000. Bayhunt Capital LLC bought a new stake in Urban Edge Properties in the fourth quarter valued at approximately $10,430,000. American Century Companies Inc. boosted its holdings in Urban Edge Properties by 44.4% in the third quarter. American Century Companies Inc. now owns 1,320,089 shares of the real estate investment trust’s stock valued at $27,022,000 after acquiring an additional 405,723 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in Urban Edge Properties by 30.1% in the third quarter. Alyeska Investment Group L.P. now owns 1,746,238 shares of the real estate investment trust’s stock valued at $35,745,000 after acquiring an additional 403,813 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Urban Edge Properties in the first quarter valued at approximately $5,076,000. 94.94% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently commented on UE shares. Weiss Ratings upgraded Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. UBS Group upped their target price on Urban Edge Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.40.
Insider Buying and Selling
In related news, CEO Jeffrey S. Olson sold 19,034 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $21.62, for a total value of $411,515.08. Following the completion of the sale, the chief executive officer directly owned 3,665 shares of the company’s stock, valued at approximately $79,237.30. This represents a 83.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.
Urban Edge Properties Price Performance
Shares of NYSE:UE opened at $22.21 on Tuesday. 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 has a twelve month low of $17.87 and a twelve month high of $22.93. The stock’s 50 day moving average is $21.36 and its 200-day moving average is $20.30. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 25.83 and a beta of 0.99.
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 for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.The company had revenue of $132.62 million for the quarter, compared to analyst estimates of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Sell-side analysts forecast that Urban Edge Properties will post 1.5 EPS for the current fiscal year.
Urban Edge Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, June 15th. Urban Edge Properties’s dividend payout ratio is presently 97.67%.
About Urban Edge Properties
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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