Bank of America Corp DE Acquires 489,848 Shares of Urban Edge Properties $UE

Key Points

• Bank of America acquired 489,848 shares of Urban Edge Properties in the second quarter, worth approximately $11.2 million and representing about 0.39% of the REIT. Institutional investors collectively own 94.94% of the company.
• Urban Edge Properties exceeded quarterly expectations, reporting EPS of $0.14 versus the $0.11 consensus estimate and revenue of $122.78 million. The company guided to fiscal 2026 EPS of $1.50–$1.54.
• The REIT declared a quarterly dividend of $0.21 per share, equivalent to an annualized $0.84 payout and a 4.2% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $23.67.

Bank of America Corp DE purchased a new stake in Urban Edge Properties (NYSE:UE - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 489,848 shares of the real estate investment trust's stock, valued at approximately $11,208,000. Bank of America Corp DE owned about 0.39% of Urban Edge Properties as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of UE. Jupiter Topco LLC bought a new stake in Urban Edge Properties in the second quarter worth $1,173,000. Hsbc Holdings PLC purchased a new position in Urban Edge Properties during the 2nd quarter valued at $5,605,000. Canada Pension Plan Investment Board bought a new position in Urban Edge Properties in the 2nd quarter valued at $570,000. Legal & General Group Plc purchased a new position in Urban Edge Properties in the 2nd quarter worth about $17,780,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Urban Edge Properties during the 2nd quarter valued at about $1,402,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Urban Edge Properties Stock Up 0.5%

UE stock opened at $19.91 on Friday. The stock has a market capitalization of $2.51 billion, a PE ratio of 36.86 and a beta of 0.97. Urban Edge Properties has a 52 week low of $18.46 and a 52 week high of $24.11. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.19. The firm has a 50 day moving average of $21.53 and a 200 day moving average of $21.75.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $122.78 million for the quarter, compared to the consensus estimate of $117.86 million. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. Sell-side analysts forecast that Urban Edge Properties will post 1.52 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.2%. The ex-dividend date is Tuesday, September 15th. Urban Edge Properties's dividend payout ratio (DPR) is currently 155.56%.

Analysts Set New Price Targets

UE has been the topic of several research reports. UBS Group lifted their price objective on shares of Urban Edge Properties from $22.00 to $24.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Wall Street Zen raised shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Sunday, September 20th. BTIG Research restated a "buy" rating and issued a $25.00 price target on shares of Urban Edge Properties in a report on Friday, June 12th. Finally, Weiss Ratings downgraded shares of Urban Edge Properties from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $23.67.

Urban Edge Properties Company Profile

Urban Edge Properties NYSE: UE is a self-administered and self-managed real estate investment trust that owns, manages, acquires, develops, redevelops and leases retail real estate. Its portfolio is primarily made up of shopping centers and other retail properties anchored by grocery stores, national retailers and service-oriented tenants.

The company focuses on properties in and around major metropolitan areas, particularly the New York metropolitan region and the Washington, DC, metropolitan area.

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