13,147 Shares in Urban Edge Properties $UE Acquired by Partners Capital Investment Group LLP

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 purchased a new position in Urban Edge Properties (NYSE:UE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,147 shares of the real estate investment trust's stock, valued at approximately $250,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Urban Edge Properties by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 20,299,913 shares of the real estate investment trust's stock valued at $385,698,000 after buying an additional 337,717 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Urban Edge Properties by 35.4% in 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 buying an additional 1,031,587 shares during the period. Jennison Associates LLC increased its position in Urban Edge Properties by 0.7% in the 1st quarter. Jennison Associates LLC now owns 3,193,048 shares of the real estate investment trust's stock worth $60,668,000 after purchasing an additional 23,450 shares during the last quarter. Resolution Capital Ltd grew its holdings in Urban Edge Properties by 2.5% in the 4th quarter. Resolution Capital Ltd now owns 2,897,436 shares of the real estate investment trust's stock valued at $62,295,000 after buying an additional 71,290 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in 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 valued at $42,393,000 after buying an additional 421,513 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. BTIG Research began coverage on Urban Edge Properties in a report on Monday, August 11th. They issued a "buy" rating and a $23.00 price target for the company. Wall Street Zen upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Urban Edge Properties presently has an average rating of "Moderate Buy" and a consensus price target of $22.50.

Urban Edge Properties Price Performance

Shares of NYSE:UE traded up $0.29 on Wednesday, reaching $20.54. The company's stock had a trading volume of 244,832 shares, compared to its average volume of 999,012. 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 company has a 50-day simple moving average of $19.35 and a 200 day simple moving average of $18.98. Urban Edge Properties has a 52-week low of $15.66 and a 52-week high of $23.85. The company has a market cap of $2.58 billion, a P/E ratio of 24.45 and a beta of 1.24.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $113.91 million for the quarter, compared to the consensus estimate of $115.99 million. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. As a group, equities research analysts anticipate that Urban Edge Properties will post 1.4 EPS 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. Investors of record on Monday, September 15th will be given a $0.19 dividend. 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 (DPR) is 90.48%.

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.