Partners Capital Investment Group LLP Acquires New Stake in Urban Edge Properties $UE

Key Points

• Partners Capital Investment Group LLP has acquired a new stake in Urban Edge Properties, purchasing 13,147 shares valued at approximately $250,000 in the first quarter.
• The real estate investment trust reported a quarterly earnings per share of $0.36, exceeding analysts' expectations of $0.34, despite slightly lower revenue than projected.
• Urban Edge Properties is set to pay a quarterly dividend of $0.19 on September 30th, representing a yield of 3.8% based on its current payout ratio of 90.48%.

Partners Capital Investment Group LLP bought a new position in shares of Urban Edge Properties (NYSE:UE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,147 shares of the real estate investment trust's stock, valued at approximately $250,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new position in shares of Urban Edge Properties during the first quarter worth about $30,837,000. Westwood Holdings Group Inc. lifted its position in Urban Edge Properties by 35.4% during the first quarter. Westwood Holdings Group Inc. now owns 3,945,310 shares of the real estate investment trust's stock valued at $74,961,000 after purchasing an additional 1,031,587 shares during the last quarter. Hudson Bay Capital Management LP grew its stake in Urban Edge Properties by 56.1% in the 4th quarter. Hudson Bay Capital Management LP now owns 1,800,970 shares of the real estate investment trust's stock worth $38,721,000 after buying an additional 646,960 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Urban Edge Properties by 101.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 922,517 shares of the real estate investment trust's stock worth $19,834,000 after buying an additional 464,553 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Urban Edge Properties by 27.2% in the 4th quarter. Northern Trust Corp now owns 1,971,784 shares of the real estate investment trust's stock worth $42,393,000 after buying an additional 421,513 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Urban Edge Properties Stock Down 1.1%

Shares of NYSE:UE opened at $19.8950 on Friday. The stock's 50-day moving average price is $19.22 and its 200-day moving average price is $18.98. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $23.85. The stock has a market capitalization of $2.50 billion, a P/E ratio of 23.68 and a beta of 1.24. 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 (NYSE:UE - Get Free Report) last released 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. The company had revenue of $113.91 million during the quarter, compared to analyst estimates of $115.99 million. Urban Edge Properties had a return on equity of 7.74% and a net margin of 22.86%. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. On average, equities analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.19 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.76 annualized dividend and a yield of 3.8%. Urban Edge Properties's payout ratio is presently 90.48%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. BTIG Research began coverage on shares of Urban Edge Properties in a report on Monday, August 11th. They set a "buy" rating and a $23.00 price objective for the company. Wall Street Zen raised Urban Edge Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.50.

Urban Edge Properties 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.

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