Squarepoint Ops LLC Has $1.48 Million Stock Position in Urban Edge Properties $UE

Key Points

• Squarepoint Ops LLC cut its Urban Edge Properties stake by 49.5% in the second quarter, selling 63,322 shares and retaining 64,529 shares worth approximately $1.48 million. Institutional investors and hedge funds collectively own 94.94% of UE.
• Analyst views remain mixed but lean positive: UE has a consensus “Moderate Buy” rating and an average price target of $23.67, compared with a recent share price of $20.16.
• Urban Edge reported quarterly EPS of $0.14, beating estimates of $0.11, while revenue reached $122.78 million. The REIT also declared a quarterly dividend of $0.21, implying a 4.2% annualized yield.

Squarepoint Ops LLC reduced its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 49.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,529 shares of the real estate investment trust's stock after selling 63,322 shares during the quarter. Squarepoint Ops LLC owned approximately 0.05% of Urban Edge Properties worth $1,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UE. Allworth Financial LP acquired a new position in Urban Edge Properties during the second quarter worth $29,000. Global Retirement Partners LLC acquired a new stake in Urban Edge Properties in the 2nd quarter valued at $31,000. State of Wyoming acquired a new stake in Urban Edge Properties in the 1st quarter valued at $66,000. Nykredit A S acquired a new stake in Urban Edge Properties in the 2nd quarter valued at $72,000. Finally, PNC Financial Services Group Inc. lifted its position in Urban Edge Properties by 12.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,470 shares of the real estate investment trust's stock worth $163,000 after buying an additional 906 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on UE shares. Weiss Ratings downgraded shares of Urban Edge Properties from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. BTIG Research reaffirmed a "buy" rating and issued a $25.00 target price on shares of Urban Edge Properties in a research report on Friday, June 12th. UBS Group upped their target price on Urban Edge Properties from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. Finally, Wall Street Zen cut Urban Edge Properties from a "hold" rating to a "sell" rating in a research report on Saturday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.67.

Urban Edge Properties Price Performance

Shares of UE opened at $20.16 on Wednesday. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 37.34 and a beta of 0.97. Urban Edge Properties has a 1-year low of $18.46 and a 1-year high of $24.11. The company's fifty day simple moving average is $22.02 and its 200 day simple moving average is $21.81. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.19.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. The firm had revenue of $122.78 million during the quarter, compared to analysts' expectations of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. On average, research analysts forecast that Urban Edge Properties will post 1.52 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently announced 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. This represents a $0.84 annualized dividend and a yield of 4.2%. The ex-dividend date is Tuesday, September 15th. Urban Edge Properties's dividend payout ratio (DPR) is 155.56%.

Urban Edge Properties Company Profile

Urban Edge Properties NYSE: UE is a self-administered and self-managed real estate investment trust that owns, manages, acquires, develops, redevelops and leases retail real estate. Its portfolio is primarily made up of shopping centers and other retail properties anchored by grocery stores, national retailers and service-oriented tenants.

The company focuses on properties in and around major metropolitan areas, particularly the New York metropolitan region and the Washington, DC, metropolitan area.

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