Nuveen LLC acquired a new position in shares of Urban Edge Properties (NYSE:UE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,623,013 shares of the real estate investment trust's stock, valued at approximately $30,837,000. Nuveen LLC owned about 1.29% of Urban Edge Properties as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in Urban Edge Properties by 9.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,300 shares of the real estate investment trust's stock worth $671,000 after purchasing an additional 3,031 shares during the period. D. E. Shaw & Co. Inc. boosted its position in Urban Edge Properties by 307.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 100,095 shares of the real estate investment trust's stock worth $2,152,000 after purchasing an additional 75,538 shares during the period. GAMMA Investing LLC boosted its position in Urban Edge Properties by 1,773.9% during the first quarter. GAMMA Investing LLC now owns 58,729 shares of the real estate investment trust's stock worth $1,116,000 after purchasing an additional 55,595 shares during the period. XTX Topco Ltd bought a new position in shares of Urban Edge Properties in the first quarter valued at approximately $316,000. Finally, SG Americas Securities LLC bought a new position in shares of Urban Edge Properties in the first quarter valued at approximately $447,000. Institutional investors own 94.94% of the company's stock.
Urban Edge Properties Price Performance
Urban Edge Properties stock traded up $0.6190 during mid-day trading on Friday, hitting $20.5290. 110,510 shares of the company traded hands, compared to its average volume of 991,091. Urban Edge Properties has a one year low of $15.66 and a one year high of $23.85. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 24.39 and a beta of 1.24. 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 stock has a fifty day moving average price of $19.22 and a 200-day moving average price of $18.98.
Urban Edge Properties (NYSE:UE - Get Free Report) last posted its quarterly earnings results 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. On average, equities analysts predict that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.
Urban Edge Properties Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, September 15th. Urban Edge Properties's dividend payout ratio is currently 90.48%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. BTIG Research assumed coverage on shares of Urban Edge Properties in a research report on Monday, August 11th. They issued a "buy" rating and a $23.00 price objective for the company. Wall Street Zen upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One equities 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.50.
View Our Latest Stock Analysis on Urban Edge Properties
About Urban Edge Properties
(
Free Report)
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.
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