Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Urban Edge Properties (NYSE:UE – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 108,633 shares of the real estate investment trust’s stock, valued at approximately $2,486,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of Urban Edge Properties as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Urban Edge Properties by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust’s stock worth $1,424,000 after purchasing an additional 3,276 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Urban Edge Properties by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 871,958 shares of the real estate investment trust’s stock worth $16,567,000 after buying an additional 58,350 shares in the last quarter. Jane Street Group LLC bought a new position in Urban Edge Properties in the first quarter valued at about $5,076,000. New York State Common Retirement Fund boosted its stake in shares of Urban Edge Properties by 15.1% in the 2nd quarter. New York State Common Retirement Fund now owns 42,670 shares of the real estate investment trust’s stock valued at $796,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Urban Edge Properties by 21.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 350,300 shares of the real estate investment trust’s stock worth $6,537,000 after buying an additional 62,820 shares during the period. 94.94% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on UE shares. BTIG Research reissued a “buy” rating and set a $25.00 price target on shares of Urban Edge Properties in a research note on Friday, June 12th. Weiss Ratings lowered shares of Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, UBS Group upped their target price on shares of Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Urban Edge Properties presently has a consensus rating of “Hold” and an average price target of $23.20.
Urban Edge Properties Stock Down 0.6%
NYSE:UE opened at $21.40 on Friday. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 39.63 and a beta of 0.98. Urban Edge Properties has a twelve month low of $18.46 and a twelve month high of $24.11. The stock’s 50 day moving average price is $22.61 and its two-hundred day moving average price is $21.76. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.19.
Urban Edge Properties (NYSE:UE – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) 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 company had revenue of $122.78 million for the quarter, compared to analysts’ expectations of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. Equities research analysts expect 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. Shareholders of record on Tuesday, September 15th will be paid a $0.21 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a yield of 3.9%. Urban Edge Properties’s dividend payout ratio (DPR) is currently 155.56%.
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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