Public Sector Pension Investment Board Boosts Stock Position in Urban Edge Properties $UE

Key Points

• The Public Sector Pension Investment Board increased its stake in Urban Edge Properties by 27.9%, acquiring an additional 86,751 shares, bringing its total ownership to approximately $7,559,000.
• Urban Edge Properties recently reported a quarterly EPS of $0.36, exceeding analysts' expectations, while also announcing a quarterly dividend of $0.19 per share, reflecting a 3.9% yield.
• Various hedge funds have recently adjusted their positions in Urban Edge Properties, with institutional investors now owning nearly 94.94% of the company's stock.

Public Sector Pension Investment Board raised its position in Urban Edge Properties (NYSE:UE - Free Report) by 27.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 397,844 shares of the real estate investment trust's stock after buying an additional 86,751 shares during the quarter. Public Sector Pension Investment Board owned about 0.32% of Urban Edge Properties worth $7,559,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in UE. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Urban Edge Properties by 9.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,300 shares of the real estate investment trust's stock valued at $671,000 after purchasing an additional 3,031 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in Urban Edge Properties by 307.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 100,095 shares of the real estate investment trust's stock valued at $2,152,000 after acquiring an additional 75,538 shares during the last quarter. GAMMA Investing LLC grew its position in Urban Edge Properties by 1,773.9% in the first quarter. GAMMA Investing LLC now owns 58,729 shares of the real estate investment trust's stock valued at $1,116,000 after acquiring an additional 55,595 shares during the last quarter. XTX Topco Ltd acquired a new position in Urban Edge Properties during the first quarter worth about $316,000. Finally, SG Americas Securities LLC bought a new position in shares of Urban Edge Properties in the first quarter worth about $447,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Urban Edge Properties Trading Up 3.0%

UE traded up $0.58 during midday trading on Tuesday, hitting $20.13. 209,314 shares of the company were exchanged, compared to its average volume of 986,225. The firm's 50 day moving average price is $19.15 and its 200-day moving average price is $18.97. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $23.85. The firm has a market capitalization of $2.53 billion, a P/E ratio of 23.86 and a beta of 1.24. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 1.09.

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 EPS for the quarter, beating 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 business had revenue of $113.91 million for the quarter, compared to analysts' expectations of $115.99 million. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. As a group, equities analysts forecast that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued 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 dividend payout ratio is presently 90.48%.

Analyst Ratings Changes

Several brokerages recently issued reports on UE. 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 target on the stock. Wall Street Zen raised shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.50.

About Urban Edge Properties

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.