Jupiter Topco LLC Makes New Investment in Urban Edge Properties $UE

Key Points

• Jupiter Topco LLC acquired 51,317 shares of Urban Edge Properties in the second quarter, valued at approximately $1.17 million. Institutional investors and hedge funds collectively own 94.94% of the REIT’s stock.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $23.20; UBS raised its target to $24, while BTIG maintained a $25 target and Buy rating.
• Urban Edge exceeded quarterly earnings expectations, reporting $0.14 EPS versus the $0.11 consensus and $122.78 million in revenue. The company also declared a quarterly dividend of $0.21 per share, equivalent to a 4.0% annualized yield.

Jupiter Topco LLC bought a new stake in Urban Edge Properties (NYSE:UE - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 51,317 shares of the real estate investment trust's stock, valued at approximately $1,173,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP acquired a new stake in shares of Urban Edge Properties in the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its holdings in Urban Edge Properties by 426.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 1,071 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Urban Edge Properties during the second quarter worth $31,000. CIBC Private Wealth Group LLC purchased a new stake in Urban Edge Properties during the third quarter worth $52,000. Finally, State of Wyoming acquired a new stake in Urban Edge Properties in the second quarter valued at $73,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UE has been the subject of several research reports. UBS Group lifted their price target on Urban Edge Properties from $22.00 to $24.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. Weiss Ratings downgraded shares of Urban Edge Properties from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Finally, BTIG Research restated a "buy" rating and set a $25.00 target price on shares of Urban Edge Properties in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Urban Edge Properties has a consensus rating of "Hold" and an average target price of $23.20.

Urban Edge Properties Stock Performance

Shares of NYSE UE opened at $21.00 on Friday. The company has a 50-day simple moving average of $22.33 and a 200-day simple moving average of $21.81. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market cap of $2.65 billion, a PE ratio of 38.89 and a beta of 0.97. Urban Edge Properties has a 12 month low of $18.46 and a 12 month high of $24.11.

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

Urban Edge Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Urban Edge Properties's dividend payout ratio (DPR) 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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