Legal & General Group Plc Takes Position in Urban Edge Properties $UE

Key Points

• Legal & General Group acquired 777,116 shares of Urban Edge Properties valued at approximately $17.8 million, representing a 0.62% stake. Institutional investors collectively own 94.94% of the REIT.
• Urban Edge reported quarterly EPS of $0.14, surpassing the $0.11 analyst estimate, while revenue of $122.78 million also exceeded expectations. The company maintained fiscal 2026 EPS guidance of $1.50–$1.54.
• The REIT declared a quarterly dividend of $0.21 per share, equivalent to an annualized $0.84 payout and a 3.9% yield. Analysts have a consensus “Hold” rating with an average price target of $23.20.

Legal & General Group Plc purchased a new position in Urban Edge Properties (NYSE:UE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 777,116 shares of the real estate investment trust's stock, valued at approximately $17,780,000. Legal & General Group Plc owned 0.62% of Urban Edge Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of UE. SG Americas Securities LLC increased its holdings in Urban Edge Properties by 534.1% in the 1st quarter. SG Americas Securities LLC now owns 194,016 shares of the real estate investment trust's stock valued at $3,876,000 after buying an additional 163,421 shares during the period. Renaissance Technologies LLC raised its position in shares of Urban Edge Properties by 155.2% in the 1st quarter. Renaissance Technologies LLC now owns 478,000 shares of the real estate investment trust's stock valued at $9,550,000 after buying an additional 290,727 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Urban Edge Properties by 148.9% during the 1st quarter. Quantinno Capital Management LP now owns 163,781 shares of the real estate investment trust's stock worth $3,272,000 after acquiring an additional 97,978 shares during the period. Wolverine Asset Management LLC boosted its position in shares of Urban Edge Properties by 48.7% during the 4th quarter. Wolverine Asset Management LLC now owns 93,440 shares of the real estate investment trust's stock worth $1,793,000 after acquiring an additional 30,619 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Urban Edge Properties by 65.8% during the 1st quarter. Strs Ohio now owns 169,300 shares of the real estate investment trust's stock worth $3,383,000 after acquiring an additional 67,200 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Urban Edge Properties Stock Performance

NYSE UE opened at $21.37 on Monday. The firm's fifty day moving average price is $22.51 and its two-hundred day moving average price is $21.80. The stock has a market cap of $2.70 billion, a PE ratio of 39.57 and a beta of 0.98. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.57 and a current ratio of 1.57. Urban Edge Properties has a fifty-two week low of $18.46 and a fifty-two week high of $24.11.

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

Urban Edge Properties Announces Dividend

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

Analysts Set New Price Targets

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

Urban Edge Properties 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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