100,000 Shares in Urban Edge Properties $UE Purchased by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. bought a new position in Urban Edge Properties (NYSE:UE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 100,000 shares of the real estate investment trust's stock, valued at approximately $1,900,000. Adage Capital Partners GP L.L.C. owned 0.08% of Urban Edge Properties as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Urban Edge Properties by 1.7% in the first quarter. Vanguard Group Inc. now owns 20,299,913 shares of the real estate investment trust's stock worth $385,698,000 after buying an additional 337,717 shares during the period. Westwood Holdings Group Inc. increased its stake in shares of Urban Edge Properties by 35.4% in the first quarter. Westwood Holdings Group Inc. now owns 3,945,310 shares of the real estate investment trust's stock worth $74,961,000 after buying an additional 1,031,587 shares during the period. Jennison Associates LLC increased its stake in shares of Urban Edge Properties by 0.7% in the first quarter. Jennison Associates LLC now owns 3,193,048 shares of the real estate investment trust's stock worth $60,668,000 after buying an additional 23,450 shares during the period. Resolution Capital Ltd increased its stake in shares of Urban Edge Properties by 2.5% in the fourth quarter. Resolution Capital Ltd now owns 2,897,436 shares of the real estate investment trust's stock worth $62,295,000 after buying an additional 71,290 shares during the period. Finally, Nuveen Asset Management LLC increased its position in Urban Edge Properties by 17.7% during the 4th quarter. Nuveen Asset Management LLC now owns 1,685,151 shares of the real estate investment trust's stock valued at $36,231,000 after purchasing an additional 253,278 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UE has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. BTIG Research initiated coverage on shares of Urban Edge Properties in a research report on Monday, August 11th. They set a "buy" rating and a $23.00 price objective on the stock. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Urban Edge Properties in a research report on Tuesday. They set a "neutral" rating and a $23.00 price objective on the stock. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $22.67.

Urban Edge Properties Stock Down 0.1%

Shares of UE stock traded down $0.03 during mid-day trading on Friday, reaching $21.18. 819,038 shares of the company's stock traded hands, compared to its average volume of 1,065,204. Urban Edge Properties has a 12 month low of $15.66 and a 12 month high of $23.85. The company has a market cap of $2.66 billion, a P/E ratio of 25.21 and a beta of 1.28. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 1.09. The company's 50-day moving average price is $19.91 and its 200-day moving average price is $19.01.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. Urban Edge Properties had a net margin of 22.86% and a return on equity of 7.74%. The firm had revenue of $113.91 million for the quarter, compared to analysts' expectations of $115.99 million. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. On average, equities analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, September 15th. Urban Edge Properties's 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.