The Manufacturers Life Insurance Company Acquires New Position in Urban Edge Properties $UE

Key Points

• The Manufacturers Life Insurance Company acquired 61,284 shares of Urban Edge Properties in the second quarter, valued at approximately $1.4 million. Institutional investors collectively own 94.94% of the REIT.
• Urban Edge reported quarterly EPS of $0.14, beating estimates of $0.11, while revenue reached $122.78 million versus the $117.86 million consensus. The company issued fiscal 2026 EPS guidance of $1.50–$1.54.
• The company declared a quarterly dividend of $0.21 per share, representing an annualized dividend of $0.84 and a 4.0% yield. Shares opened at $21.00, and analysts maintain a consensus “Hold” rating with an average price target of $23.20.

The Manufacturers Life Insurance Company acquired a new stake in shares of Urban Edge Properties (NYSE:UE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 61,284 shares of the real estate investment trust's stock, valued at approximately $1,402,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Urban Edge Properties by 426.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 1,071 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of Urban Edge Properties by 2,108.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 1,307 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Urban Edge Properties during the 2nd quarter worth $29,000. CIBC Private Wealth Group LLC acquired a new position in shares of Urban Edge Properties during the 3rd quarter worth $52,000. Finally, State of Wyoming bought a new stake in shares of Urban Edge Properties during the 1st quarter worth $66,000. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Stock Down 0.8%

Shares of NYSE:UE opened at $21.00 on Friday. Urban Edge Properties has a 52-week low of $18.46 and a 52-week high of $24.11. The company has a market capitalization of $2.65 billion, a PE ratio of 38.89 and a beta of 0.97. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.57 and a current ratio of 1.57. The company has a fifty day moving average of $22.33 and a 200-day moving average of $21.81.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. On average, equities analysts predict that Urban Edge Properties will post 1.52 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Urban Edge Properties's dividend payout ratio (DPR) is presently 155.56%.

Analyst Ratings Changes

UE has been the topic of several research analyst reports. Weiss Ratings lowered Urban Edge Properties from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. UBS Group boosted their target price on Urban Edge Properties from $22.00 to $24.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. Finally, BTIG Research reissued a "buy" rating and issued a $25.00 target price on shares of Urban Edge Properties in a report on Friday, June 12th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $23.20.

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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