APG Asset Management US Inc. Lowers Holdings in Urban Edge Properties $UE

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. decreased its holdings in Urban Edge Properties (NYSE:UE - Free Report) by 17.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 about 0.71% of Urban Edge Properties worth $16,971,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. GF Fund Management CO. LTD. acquired a new stake in shares of Urban Edge Properties during the fourth quarter worth $47,000. Quarry LP acquired a new stake in shares of Urban Edge Properties in the fourth quarter worth $49,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Urban Edge Properties during the 1st quarter worth $79,000. AlphaQuest LLC boosted its position in shares of Urban Edge Properties by 1,058.9% in the first quarter. AlphaQuest LLC now owns 4,230 shares of the real estate investment trust's stock worth $80,000 after buying an additional 3,865 shares during the period. Finally, Wolverine Asset Management LLC acquired a new stake in Urban Edge Properties in the first quarter valued at approximately $118,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. BTIG Research assumed coverage on Urban Edge Properties in a research note on Monday, August 11th. They set a "buy" rating and a $23.00 target price for the company. Wall Street Zen upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Urban Edge Properties presently has an average rating of "Moderate Buy" and an average price target of $22.50.

Urban Edge Properties Trading Up 4.4%

Shares of NYSE UE opened at $20.7830 on Friday. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 24.74 and a beta of 1.24. The business has a 50 day simple moving average of $19.27 and a 200 day simple moving average of $18.99. 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 has a 52 week low of $15.66 and a 52 week high of $23.85.

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

Urban Edge Properties Dividend Announcement

The business also recently disclosed 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. 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 currently 90.48%.

Urban Edge Properties Company 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.

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