Algert Global LLC cut its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 64.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,750 shares of the real estate investment trust's stock after selling 223,345 shares during the quarter. Algert Global LLC owned about 0.10% of Urban Edge Properties worth $2,809,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in Urban Edge Properties by 426.7% during the second 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 during the period. Global Retirement Partners LLC grew its position in shares of Urban Edge Properties by 2,108.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 1,307 shares during the period. Allworth Financial LP purchased a new stake in shares of Urban Edge Properties during the second quarter worth about $29,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Urban Edge Properties in the third quarter worth approximately $52,000. Finally, State of Wyoming acquired a new stake in shares of Urban Edge Properties in the first quarter worth approximately $66,000. Hedge funds and other institutional investors own 94.94% of the company's stock.
Wall Street Analysts Forecast Growth
UE has been the topic of several research reports. Weiss Ratings downgraded shares of Urban Edge Properties from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. UBS Group upped their target price on Urban Edge Properties from $22.00 to $24.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $25.00 target price on shares of Urban Edge Properties in a research note on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $23.20.
View Our Latest Stock Report on UE
Urban Edge Properties Trading Up 0.2%
Shares of NYSE UE opened at $21.37 on Friday. The stock has a fifty day simple moving average of $22.51 and a 200-day simple moving average of $21.80. Urban Edge Properties has a twelve month low of $18.46 and a twelve month high of $24.11. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $2.70 billion, a PE ratio of 39.57 and a beta of 0.98.
Urban Edge Properties (NYSE:UE - Get Free Report) last posted 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. The business had revenue of $122.78 million for the quarter, compared to analyst estimates of $117.86 million. Urban Edge Properties had a return on equity of 4.92% and a net margin of 13.72%.Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. On average, equities analysts forecast that Urban Edge Properties will post 1.52 earnings per share for the current year.
Urban Edge Properties Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.84 annualized dividend and a yield of 3.9%. Urban Edge Properties's payout ratio is presently 155.56%.
Urban Edge Properties Profile
(
Free Report)
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.
See Also
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