99,554 Shares in Urban Edge Properties $UE Purchased by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 99,554 shares of Urban Edge Properties during the second quarter, valued at approximately $2.28 million. Institutional investors collectively own 94.94% of the REIT.
• Urban Edge Properties exceeded quarterly expectations, reporting $0.14 EPS versus the $0.11 consensus estimate and revenue of $122.78 million versus $117.86 million expected.
• The company declared a quarterly dividend of $0.21, equivalent to an annualized $0.84 payout and a 3.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $23.20.

Corient Private Wealth LP acquired a new position in Urban Edge Properties (NYSE:UE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 99,554 shares of the real estate investment trust's stock, valued at approximately $2,278,000. Corient Private Wealth LP owned 0.08% of Urban Edge Properties at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UE. Allworth Financial LP purchased a new position in shares of Urban Edge Properties during the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its position in shares of Urban Edge Properties by 426.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 1,071 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Urban Edge Properties in the 2nd quarter valued at approximately $31,000. CIBC Private Wealth Group LLC bought a new stake in shares of Urban Edge Properties during the third quarter valued at approximately $52,000. Finally, State of Wyoming bought a new stake in shares of Urban Edge Properties during the second quarter valued at approximately $73,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties Stock Down 0.2%

Shares of Urban Edge Properties stock opened at $21.34 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. The stock has a market capitalization of $2.69 billion, a PE ratio of 39.51 and a beta of 0.97. Urban Edge Properties has a 52-week low of $18.46 and a 52-week high of $24.11. The company has a 50-day simple moving average of $22.42 and a two-hundred day simple moving average of $21.81.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $122.78 million for the quarter, compared to the consensus estimate of $117.86 million. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. On average, analysts anticipate that Urban Edge Properties will post 1.52 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.84 annualized dividend and a yield of 3.9%. Urban Edge Properties's dividend payout ratio is 155.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on UE shares. BTIG Research reiterated a "buy" rating and issued a $25.00 price objective on shares of Urban Edge Properties in a report on Friday, June 12th. UBS Group boosted their target price on shares of Urban Edge Properties from $22.00 to $24.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Finally, Weiss Ratings downgraded shares of Urban Edge Properties from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $23.20.

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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