Algert Global LLC boosted its position in Urban Edge Properties (NYSE:UE - Free Report) by 872.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 464,227 shares of the real estate investment trust's stock after purchasing an additional 416,502 shares during the period. Algert Global LLC owned about 0.37% of Urban Edge Properties worth $8,820,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Arizona State Retirement System grew its position in shares of Urban Edge Properties by 1.7% during the 1st quarter. Arizona State Retirement System now owns 35,818 shares of the real estate investment trust's stock valued at $681,000 after acquiring an additional 605 shares during the period. Contravisory Investment Management Inc. lifted its stake in shares of Urban Edge Properties by 6.6% during the 1st quarter. Contravisory Investment Management Inc. now owns 12,175 shares of the real estate investment trust's stock valued at $231,000 after buying an additional 758 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Urban Edge Properties by 6.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 13,176 shares of the real estate investment trust's stock valued at $283,000 after buying an additional 778 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Urban Edge Properties by 6.4% during the 4th quarter. Bank of Montreal Can now owns 17,911 shares of the real estate investment trust's stock valued at $385,000 after buying an additional 1,078 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in shares of Urban Edge Properties by 1.0% during the 4th quarter. California State Teachers Retirement System now owns 113,836 shares of the real estate investment trust's stock valued at $2,447,000 after buying an additional 1,158 shares in the last quarter. 94.94% of the stock is owned by institutional investors.
Urban Edge Properties Price Performance
Shares of Urban Edge Properties stock traded up $0.8730 on Friday, hitting $20.7830. 1,259,916 shares of the company traded hands, compared to its average volume of 994,826. The firm's 50-day simple moving average is $19.22 and its 200 day simple moving average is $18.98. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 1.09. The company has a market cap of $2.61 billion, a P/E ratio of 24.74 and a beta of 1.24. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $23.85.
Urban Edge Properties (NYSE:UE - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating the consensus estimate 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 company had revenue of $113.91 million for the quarter, compared to analyst estimates of $115.99 million. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. Analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.
Urban Edge Properties Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.76 annualized dividend and a dividend yield of 3.7%. Urban Edge Properties's dividend payout ratio (DPR) is currently 90.48%.
Analyst Upgrades and Downgrades
UE has been the topic of a number of recent research reports. BTIG Research initiated coverage on shares of Urban Edge Properties in a research note on Monday, August 11th. They set a "buy" rating and a $23.00 price target on the stock. Wall Street Zen upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.50.
Read Our Latest Report on UE
Urban Edge Properties Profile
(
Free Report)
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.
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