Intech Investment Management LLC Has $1.94 Million Stock Position 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 boosted its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 41.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 about 0.08% of Urban Edge Properties worth $1,936,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GF Fund Management CO. LTD. acquired a new position in shares of Urban Edge Properties in the 4th quarter valued at about $47,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Urban Edge Properties during the first quarter valued at approximately $79,000. AlphaQuest LLC grew its holdings in Urban Edge Properties by 1,058.9% during 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 Urban Edge Properties during the first quarter valued at approximately $118,000. Finally, HighTower Advisors LLC acquired a new position in Urban Edge Properties during the first quarter valued at approximately $221,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on UE shares. BTIG Research initiated coverage on Urban Edge Properties in a report on Monday, August 11th. They set a "buy" rating and a $23.00 price target on the stock. LADENBURG THALM/SH SH started coverage on shares of Urban Edge Properties in a research note on Tuesday, September 9th. They issued a "neutral" rating and a $23.00 price objective on the stock. Wall Street Zen upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Evercore ISI raised their price objective on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Urban Edge Properties presently has a consensus rating of "Hold" and a consensus target price of $22.67.

Urban Edge Properties Price Performance

Shares of NYSE UE traded down $0.27 during midday trading on Friday, reaching $20.49. 1,666,454 shares of the company traded hands, compared to its average volume of 988,042. The stock's 50-day simple moving average is $20.09 and its 200-day simple moving average is $19.02. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.39 and a current ratio of 2.39. Urban Edge Properties has a 12 month low of $15.66 and a 12 month high of $23.85. The firm has a market cap of $2.58 billion, a PE ratio of 24.40 and a beta of 1.28.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. Urban Edge Properties had a return on equity of 7.74% and a net margin of 22.86%.The business had revenue of $113.91 million during the quarter, compared to analysts' expectations 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 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued 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 currently 90.48%.

Urban Edge Properties Company 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.