Public Employees Retirement System of Ohio purchased a new position in shares of Urban Edge Properties (NYSE:UE - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 279,849 shares of the real estate investment trust's stock, valued at approximately $6,403,000. Public Employees Retirement System of Ohio owned about 0.22% of Urban Edge Properties at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in UE. SG Americas Securities LLC raised its position in shares of Urban Edge Properties by 534.1% during the 1st quarter. SG Americas Securities LLC now owns 194,016 shares of the real estate investment trust's stock worth $3,876,000 after acquiring an additional 163,421 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Urban Edge Properties by 155.2% in the first quarter. Renaissance Technologies LLC now owns 478,000 shares of the real estate investment trust's stock valued at $9,550,000 after purchasing an additional 290,727 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Urban Edge Properties by 148.9% in the first quarter. Quantinno Capital Management LP now owns 163,781 shares of the real estate investment trust's stock valued at $3,272,000 after purchasing an additional 97,978 shares in the last quarter. Strs Ohio increased its stake in Urban Edge Properties by 65.8% in the first quarter. Strs Ohio now owns 169,300 shares of the real estate investment trust's stock valued at $3,383,000 after purchasing an additional 67,200 shares during the last quarter. Finally, BlackRock Inc. acquired a new stake in Urban Edge Properties during the second quarter worth approximately $523,715,000. 94.94% of the stock is owned by institutional investors and hedge funds.
Urban Edge Properties Stock Up 1.0%
Shares of Urban Edge Properties stock opened at $21.37 on Wednesday. The company has a market cap of $2.70 billion, a P/E 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 one year low of $18.46 and a one year high of $24.11. The firm has a fifty day moving average of $22.45 and a two-hundred day moving average of $21.81.
Urban Edge Properties (NYSE:UE - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. Urban Edge Properties had a return on equity of 4.92% and a net margin of 13.72%.The company had revenue of $122.78 million for the quarter, compared to analyst estimates of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. On average, analysts forecast that Urban Edge Properties will post 1.52 earnings per share for the current year.
Urban Edge Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.21 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%. Urban Edge Properties's payout ratio is 155.56%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on UE shares. Weiss Ratings cut shares of Urban Edge Properties from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. BTIG Research reiterated a "buy" rating and set a $25.00 price target on shares of Urban Edge Properties in a research note on Friday, June 12th. Finally, UBS Group boosted their price target on shares of Urban Edge Properties from $22.00 to $24.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Urban Edge Properties has a consensus rating of "Hold" and a consensus price target of $23.20.
Check Out Our Latest Analysis on Urban Edge Properties
About Urban Edge Properties
(
Free Report)
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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