Fox Run Management L.L.C. Acquires 23,869 Shares of Urban Edge Properties $UE

Key Points

• Fox Run Management L.L.C. has increased its stake in Urban Edge Properties (NYSE:UE) by 107.0%, owning 46,176 shares valued at approximately $877,000 after purchasing an additional 23,869 shares in the 1st quarter.
• Urban Edge Properties recently declared a quarterly dividend of $0.19 per share, set to be paid on September 30th, representing a 3.9% yield.
• BTIG Research initiated coverage of Urban Edge Properties with a "buy" rating and a target price of $23.00, indicating positive analyst sentiment towards the stock.

Fox Run Management L.L.C. lifted its stake in Urban Edge Properties (NYSE:UE - Free Report) by 107.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 46,176 shares of the real estate investment trust's stock after acquiring an additional 23,869 shares during the quarter. Fox Run Management L.L.C.'s holdings in Urban Edge Properties were worth $877,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted 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 worth $385,698,000 after acquiring an additional 337,717 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in Urban Edge Properties by 35.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,945,310 shares of the real estate investment trust's stock worth $74,961,000 after buying an additional 1,031,587 shares during the period. Jennison Associates LLC increased its stake in Urban Edge Properties by 0.7% during the 1st quarter. Jennison Associates LLC now owns 3,193,048 shares of the real estate investment trust's stock worth $60,668,000 after buying an additional 23,450 shares during the period. Resolution Capital Ltd increased its stake in Urban Edge Properties by 2.5% during the 4th quarter. Resolution Capital Ltd now owns 2,897,436 shares of the real estate investment trust's stock worth $62,295,000 after buying an additional 71,290 shares during the period. Finally, Northern Trust Corp increased its stake in Urban Edge Properties by 27.2% during the 4th quarter. Northern Trust Corp now owns 1,971,784 shares of the real estate investment trust's stock worth $42,393,000 after buying an additional 421,513 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties Price Performance

Shares of NYSE:UE traded down $0.0250 during trading hours on Thursday, hitting $20.0850. 143,725 shares of the company's stock traded hands, compared to its average volume of 991,143. Urban Edge Properties has a 52 week low of $15.66 and a 52 week 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 company's fifty day simple moving average is $19.20 and its two-hundred day simple moving average is $18.98. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 23.91 and a beta of 1.24.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. Urban Edge Properties had a net margin of 22.86% and a return on equity of 7.74%. The company had revenue of $113.91 million during the quarter, compared to analyst estimates of $115.99 million. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. As a group, equities analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, September 15th. Urban Edge Properties's dividend payout ratio is 90.48%.

Analysts Set New Price Targets

UE has been the topic of several recent research reports. BTIG Research initiated coverage on shares of Urban Edge Properties in a research note on Monday, August 11th. They set a "buy" rating and a $23.00 target price on the stock. Wall Street Zen raised shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average 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.