Urban Edge Properties $UE Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,331,907 shares of the real estate investment trust's stock after selling 14,792 shares during the period. Charles Schwab Investment Management Inc. owned about 1.85% of Urban Edge Properties worth $44,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Urban Edge Properties by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 20,299,913 shares of the real estate investment trust's stock valued at $385,698,000 after buying an additional 337,717 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of Urban Edge Properties by 35.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,945,310 shares of the real estate investment trust's stock valued at $74,961,000 after buying an additional 1,031,587 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Urban Edge Properties by 0.7% in the 1st quarter. Jennison Associates LLC now owns 3,193,048 shares of the real estate investment trust's stock valued at $60,668,000 after buying an additional 23,450 shares in the last quarter. Resolution Capital Ltd boosted its holdings in shares of Urban Edge Properties by 2.5% in the 4th quarter. Resolution Capital Ltd now owns 2,897,436 shares of the real estate investment trust's stock valued at $62,295,000 after buying an additional 71,290 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Urban Edge Properties by 27.2% in the 4th quarter. Northern Trust Corp now owns 1,971,784 shares of the real estate investment trust's stock valued at $42,393,000 after buying an additional 421,513 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Stock Performance

Shares of NYSE UE traded up $0.6190 during mid-day trading on Friday, hitting $20.5290. The stock had a trading volume of 110,510 shares, compared to its average volume of 991,091. Urban Edge Properties has a twelve month low of $15.66 and a twelve month 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. The firm has a market cap of $2.58 billion, a PE ratio of 24.39 and a beta of 1.24. The company has a 50 day moving average of $19.22 and a two-hundred day moving average of $18.98.

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 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $113.91 million during the quarter, compared to analyst estimates 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. Research analysts predict that Urban Edge Properties will post 1.4 EPS 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. Shareholders of record on Monday, September 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, September 15th. Urban Edge Properties's payout ratio is 90.48%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on UE shares. BTIG Research started coverage on shares of Urban Edge Properties in a report on Monday, August 11th. They issued 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 report on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Urban Edge Properties has a consensus rating of "Moderate Buy" and an average target price of $22.50.

Urban Edge Properties 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.