Deutsche Bank AG Takes $4.25 Million Position in Urban Edge Properties $UE

Key Points

• Deutsche Bank acquired 185,986 shares of Urban Edge Properties in the second quarter, worth approximately $4.25 million and representing about 0.15% of the REIT.
• Institutional ownership remains high at 94.94%, with several major investors—including Wellington Management, Jennison Associates and Resolution Capital—also establishing or increasing positions.
• Analysts maintain a consensus “Hold” rating with an average price target of $23.20. Urban Edge reported quarterly EPS and revenue above estimates and declared a $0.21 quarterly dividend, equating to a 3.9% annualized yield.

Deutsche Bank AG purchased a new position in Urban Edge Properties (NYSE:UE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 185,986 shares of the real estate investment trust's stock, valued at approximately $4,255,000. Deutsche Bank AG owned approximately 0.15% of Urban Edge Properties at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of UE. Wellington Management Group LLP bought a new position in Urban Edge Properties in the 3rd quarter worth about $92,600,000. Jennison Associates LLC boosted its position in shares of Urban Edge Properties by 72.2% during the 1st quarter. Jennison Associates LLC now owns 4,585,256 shares of the real estate investment trust's stock valued at $91,613,000 after acquiring an additional 1,923,202 shares during the last quarter. Resolution Capital Ltd grew its holdings in shares of Urban Edge Properties by 74.1% during the first quarter. Resolution Capital Ltd now owns 3,940,938 shares of the real estate investment trust's stock worth $78,740,000 after purchasing an additional 1,677,531 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Urban Edge Properties during the second quarter worth about $25,152,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Urban Edge Properties during the fourth quarter worth about $16,858,000. 94.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Urban Edge Properties from $22.00 to $24.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Weiss Ratings cut shares of Urban Edge Properties from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Finally, BTIG Research reissued a "buy" rating and issued a $25.00 price target on shares of Urban Edge Properties in a report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Urban Edge Properties has a consensus rating of "Hold" and an average price target of $23.20.

Urban Edge Properties Stock Performance

NYSE UE opened at $21.70 on Wednesday. The company has a 50-day simple moving average of $22.56 and a two-hundred day simple moving average of $21.80. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.19. Urban Edge Properties has a 12-month low of $18.46 and a 12-month high of $24.11. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 40.18 and a beta of 0.98.

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

Urban Edge Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Urban Edge Properties's payout ratio is 155.56%.

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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