Intech Investment Management LLC Increases Stock Holdings in Urban Edge Properties $UE

Key Points

• Intech Investment Management LLC has increased its stake in Urban Edge Properties by 41.3%, now owning 101,897 shares valued at approximately $1.94 million.
• Wall Street analysts have a consensus rating of "Hold" on Urban Edge Properties, with an average price target raised to $22.67.
• The company recently announced a quarterly dividend of $0.19 per share, representing an annual yield of 3.7%.

Intech Investment Management LLC increased its position in shares of Urban Edge Properties (NYSE:UE - Free Report) by 41.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,897 shares of the real estate investment trust's stock after buying an additional 29,808 shares during the period. Intech Investment Management LLC owned 0.08% of Urban Edge Properties worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in UE. GF Fund Management CO. LTD. acquired a new position in Urban Edge Properties during the fourth quarter worth $47,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Urban Edge Properties in the first quarter valued at $79,000. AlphaQuest LLC increased its holdings in shares of Urban Edge Properties by 1,058.9% in the first quarter. AlphaQuest LLC now owns 4,230 shares of the real estate investment trust's stock valued at $80,000 after purchasing an additional 3,865 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Urban Edge Properties in the first quarter valued at $118,000. Finally, HighTower Advisors LLC acquired a new position in shares of Urban Edge Properties in the first quarter valued at $221,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties Price Performance

Shares of Urban Edge Properties stock traded down $0.29 on Friday, reaching $20.47. The stock had a trading volume of 387,101 shares, compared to its average volume of 997,855. The business's 50 day moving average is $20.06 and its two-hundred day moving average is $19.02. The company has a market cap of $2.57 billion, a P/E ratio of 24.33 and a beta of 1.28. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 1.09. Urban Edge Properties has a 1 year low of $15.66 and a 1 year high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share 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 business had revenue of $113.91 million for the quarter, compared to the consensus estimate of $115.99 million. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. As a group, research analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.19 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.76 annualized dividend and a dividend yield of 3.7%. Urban Edge Properties's dividend payout ratio (DPR) is currently 90.48%.

Wall Street Analyst Weigh In

UE has been the topic of several research reports. LADENBURG THALM/SH SH initiated coverage on shares of Urban Edge Properties in a report on Tuesday, September 9th. They issued a "neutral" rating and a $23.00 price objective 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. BTIG Research assumed coverage on shares of Urban Edge Properties in a report on Monday, August 11th. They issued a "buy" rating and a $23.00 price objective for the company. Finally, Evercore ISI raised their price objective on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an "in-line" rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $22.67.

About Urban Edge Properties

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.