Denali Advisors LLC bought a new position in shares of Urban Edge Properties (NYSE:UE – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 110,800 shares of the real estate investment trust’s stock, valued at approximately $2,535,000.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC lifted its position in Urban Edge Properties by 534.1% during the first quarter. SG Americas Securities LLC now owns 194,016 shares of the real estate investment trust’s stock worth $3,876,000 after acquiring an additional 163,421 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Urban Edge Properties by 155.2% in the first quarter. Renaissance Technologies LLC now owns 478,000 shares of the real estate investment trust’s stock valued at $9,550,000 after purchasing an additional 290,727 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Urban Edge Properties by 148.9% in the first quarter. Quantinno Capital Management LP now owns 163,781 shares of the real estate investment trust’s stock valued at $3,272,000 after purchasing an additional 97,978 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Urban Edge Properties by 3.7% during the fourth quarter. Jennison Associates LLC now owns 2,662,054 shares of the real estate investment trust’s stock worth $51,085,000 after purchasing an additional 95,007 shares during the period. Finally, Wolverine Asset Management LLC increased its stake in shares of Urban Edge Properties by 48.7% during the fourth quarter. Wolverine Asset Management LLC now owns 93,440 shares of the real estate investment trust’s stock worth $1,793,000 after purchasing an additional 30,619 shares during the period. Institutional investors own 94.94% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. UBS Group boosted their price target 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. Weiss Ratings cut Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, BTIG Research reissued a “buy” rating and set a $25.00 target price on shares of Urban Edge Properties in a report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $23.20.
Urban Edge Properties Stock Down 0.0%
Shares of UE opened at $21.70 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.57 and a current ratio of 1.57. Urban Edge Properties has a 52 week low of $18.46 and a 52 week high of $24.11. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 40.19 and a beta of 0.98. The stock has a fifty day moving average of $22.71 and a 200-day moving average of $21.75.
Urban Edge Properties (NYSE:UE – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Urban Edge Properties had a return on equity of 4.92% and a net margin of 13.72%.The business had revenue of $122.78 million for the quarter, compared to analyst estimates of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. As a group, sell-side analysts anticipate that Urban Edge Properties will post 1.52 earnings per share for the current fiscal year.
Urban Edge Properties Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 15th. Urban Edge Properties’s payout ratio 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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