Strs Ohio Takes Position in Urban Edge Properties $UE

Key Points

• Strs Ohio has acquired a new stake of 23,700 shares in Urban Edge Properties, valued at approximately $450,000 during the first quarter of this year.
• The company recently announced a quarterly dividend of $0.19 per share, with an annual yield of 3.7%, set to be paid on September 30th.
• Urban Edge Properties reported earnings per share of $0.36 for the last quarter, exceeding analysts' expectations, while setting FY 2025 guidance at 1.400-1.440 EPS.

Strs Ohio acquired a new stake in Urban Edge Properties (NYSE:UE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,700 shares of the real estate investment trust's stock, valued at approximately $450,000.

Other large investors have also recently bought and sold shares of the company. GF Fund Management CO. LTD. purchased a new position in Urban Edge Properties in the fourth quarter valued at $47,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Urban Edge Properties in the 1st quarter valued at approximately $79,000. AlphaQuest LLC boosted its holdings in Urban Edge Properties by 1,058.9% in the 1st quarter. AlphaQuest LLC now owns 4,230 shares of the real estate investment trust's stock valued at $80,000 after purchasing an additional 3,865 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in Urban Edge Properties in the 1st quarter valued at approximately $118,000. Finally, Yoffe Investment Management LLC acquired a new stake in shares of Urban Edge Properties during the 4th quarter valued at approximately $224,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Urban Edge Properties Trading Down 0.4%

Shares of NYSE:UE opened at $20.46 on Tuesday. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 24.35 and a beta of 1.28. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $23.85. 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 moving average price of $20.12 and a 200 day moving average price of $19.01.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. Urban Edge Properties had a net margin of 22.86% and a return on equity of 7.74%. The firm had revenue of $113.91 million during 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. On average, 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend 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%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. LADENBURG THALM/SH SH assumed coverage on Urban Edge Properties in a research report on Tuesday, September 9th. They set a "neutral" rating and a $23.00 price objective for the company. 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. BTIG Research started coverage on shares of Urban Edge Properties in a research note on Monday, August 11th. They set a "buy" rating and a $23.00 price objective for the company. Finally, Evercore ISI upped their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $22.67.

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.

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