Urban Edge Properties $UE Shares Sold by APG Asset Management US Inc.

Key Points

• APG Asset Management US Inc. reduced its holdings in Urban Edge Properties by 17.1% in the first quarter, now owning approximately 0.71% of the company valued at $16.97 million.
• Analysts have mixed views on Urban Edge Properties, with BTIG Research initiating coverage with a buy rating and a target price of $23, while one analyst upgraded the stock from sell to hold.
• Urban Edge Properties has declared a quarterly dividend of $0.19 per share, resulting in an annualized yield of 3.7%, with a payout ratio of 90.48%.

APG Asset Management US Inc. lowered its holdings in Urban Edge Properties (NYSE:UE - Free Report) by 17.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 892,720 shares of the real estate investment trust's stock after selling 184,235 shares during the quarter. APG Asset Management US Inc. owned 0.71% of Urban Edge Properties worth $16,971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in Urban Edge Properties by 9.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,300 shares of the real estate investment trust's stock valued at $671,000 after purchasing an additional 3,031 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of Urban Edge Properties by 307.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 100,095 shares of the real estate investment trust's stock valued at $2,152,000 after buying an additional 75,538 shares during the period. GAMMA Investing LLC raised its holdings in shares of Urban Edge Properties by 1,773.9% in the 1st quarter. GAMMA Investing LLC now owns 58,729 shares of the real estate investment trust's stock valued at $1,116,000 after buying an additional 55,595 shares during the period. XTX Topco Ltd purchased a new stake in shares of Urban Edge Properties in the 1st quarter valued at $316,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Urban Edge Properties in the 1st quarter valued at $447,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on UE shares. BTIG Research started coverage on Urban Edge Properties in a report on Monday, August 11th. They issued a "buy" rating and a $23.00 price objective on the stock. Wall Street Zen upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Urban Edge Properties presently has a consensus rating of "Moderate Buy" and an average price target of $22.50.

Urban Edge Properties Stock Down 1.0%

Shares of NYSE:UE traded down $0.20 on Thursday, hitting $20.51. 349,761 shares of the company's stock were exchanged, compared to its average volume of 1,000,990. The firm's 50-day moving average is $19.39 and its 200 day moving average is $18.99. The company has a market capitalization of $2.58 billion, a PE ratio of 24.40 and a beta of 1.24. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $23.85. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.39 and a current ratio of 2.39.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $113.91 million during the quarter, compared to analysts' expectations of $115.99 million. Urban Edge Properties had a return on equity of 7.74% and a net margin of 22.86%. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. Sell-side analysts predict that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.7%. Urban Edge Properties's dividend payout ratio is 90.48%.

About Urban Edge Properties

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.