Bank of America Corp DE Buys 116,045 Shares of Urban Edge Properties $UE

Key Points

• Bank of America increased its Urban Edge Properties stake by 30.1%, adding 116,045 shares to own 501,655 shares worth approximately $10.0 million. Institutional investors collectively own 94.94% of the REIT.
• Urban Edge exceeded quarterly expectations, reporting $0.14 in EPS versus the $0.11 consensus estimate and revenue of $122.78 million, above estimates of $117.86 million. Full-year 2026 guidance is $1.50–$1.54 EPS.
• The company declared a quarterly dividend of $0.21, or $0.84 annually, representing a 3.9% yield. Analysts maintain a consensus “Hold” rating with a $23.20 price target, compared with the stock’s reported price of $21.40.

Bank of America Corp DE increased its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 30.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 501,655 shares of the real estate investment trust's stock after acquiring an additional 116,045 shares during the quarter. Bank of America Corp DE owned approximately 0.40% of Urban Edge Properties worth $10,023,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of UE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Urban Edge Properties by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust's stock worth $1,424,000 after acquiring an additional 3,276 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Urban Edge Properties by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 871,958 shares of the real estate investment trust's stock valued at $16,567,000 after buying an additional 58,350 shares during the last quarter. Jane Street Group LLC bought a new position in Urban Edge Properties during the 1st quarter worth approximately $5,076,000. New York State Common Retirement Fund raised its stake in shares of Urban Edge Properties by 15.1% during the second quarter. New York State Common Retirement Fund now owns 42,670 shares of the real estate investment trust's stock valued at $796,000 after acquiring an additional 5,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Urban Edge Properties by 21.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 350,300 shares of the real estate investment trust's stock valued at $6,537,000 after purchasing an additional 62,820 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Urban Edge Properties Price Performance

Urban Edge Properties stock opened at $21.40 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 39.63 and a beta of 0.98. The firm has a 50-day moving average of $22.61 and a two-hundred day moving average of $21.78. Urban Edge Properties has a 1 year low of $18.46 and a 1 year high of $24.11.

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

Urban Edge Properties Dividend Announcement

The business 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 $0.21 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a yield of 3.9%. Urban Edge Properties's dividend payout ratio (DPR) is 155.56%.

Wall Street Analysts Forecast Growth

UE has been the topic of a number of recent research reports. 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. UBS Group lifted their price target on shares of Urban Edge Properties from $22.00 to $24.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. Finally, BTIG Research reissued a "buy" rating and set 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 currently has a consensus rating of "Hold" and a consensus price target of $23.20.

Urban Edge Properties Company Profile

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.

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