Strs Ohio Raises Position in Urban Edge Properties $UE

Key Points

• Strs Ohio increased its stake in Urban Edge Properties by 342.0% in Q4 to 102,100 shares (0.08% ownership) valued at $1.96M, and institutional investors now own 94.94% of the company.
• Urban Edge beat Q1 expectations with EPS of $0.18 versus $0.12 consensus and revenue of $132.6M versus $119.5M, and management set FY2026 EPS guidance of 1.48–1.52 (analysts expect ~1.5 EPS).
• The REIT raised its quarterly dividend to $0.21 (from $0.19), implying a $0.84 annualized payout and a 3.8% yield, though the payout ratio is high at 97.7%.

Strs Ohio increased its holdings in Urban Edge Properties (NYSE:UE - Free Report) by 342.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,100 shares of the real estate investment trust's stock after buying an additional 79,000 shares during the period. Strs Ohio owned 0.08% of Urban Edge Properties worth $1,959,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in shares of Urban Edge Properties by 7.7% in the third quarter. PNC Financial Services Group Inc. now owns 7,564 shares of the real estate investment trust's stock worth $155,000 after buying an additional 539 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Urban Edge Properties by 45.3% in the third quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust's stock worth $38,000 after buying an additional 593 shares in the last quarter. Amalgamated Bank raised its position in shares of Urban Edge Properties by 1.8% in the third quarter. Amalgamated Bank now owns 36,499 shares of the real estate investment trust's stock worth $747,000 after buying an additional 648 shares in the last quarter. California State Teachers Retirement System raised its position in Urban Edge Properties by 0.7% during the second quarter. California State Teachers Retirement System now owns 112,542 shares of the real estate investment trust's stock valued at $2,100,000 after purchasing an additional 816 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Urban Edge Properties by 33.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,677 shares of the real estate investment trust's stock valued at $71,000 after purchasing an additional 922 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Urban Edge Properties Stock Up 1.0%

Shares of NYSE:UE opened at $21.88 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $2.76 billion, a P/E ratio of 25.44 and a beta of 0.99. Urban Edge Properties has a 12-month low of $17.46 and a 12-month high of $22.26. The stock's 50-day moving average price is $20.90 and its 200-day moving average price is $19.98.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. The company had revenue of $132.62 million for the quarter, compared to analysts' expectations of $119.45 million. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. On average, equities analysts anticipate that Urban Edge Properties will post 1.5 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 13th. This is a boost from Urban Edge Properties's previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 3.8%. Urban Edge Properties's payout ratio is 97.67%.

Wall Street Analyst Weigh In

UE has been the topic of a number of research reports. UBS Group lowered their price target on Urban Edge Properties from $21.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, January 8th. Weiss Ratings upgraded Urban Edge Properties from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, April 29th. Two equities research 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, the company has a consensus rating of "Hold" and an average target price of $22.00.

Urban Edge Properties Profile

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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