Tudor Investment Corp ET AL lifted its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 229.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,468 shares of the real estate investment trust's stock after buying an additional 50,479 shares during the quarter. Tudor Investment Corp ET AL owned about 0.06% of Urban Edge Properties worth $1,483,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of UE. EverSource Wealth Advisors LLC increased 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 acquiring an additional 1,071 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Urban Edge Properties in the 3rd quarter valued at $35,000. Smartleaf Asset Management LLC increased its holdings in shares of Urban Edge Properties by 45.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 593 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Urban Edge Properties by 137.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 1,306 shares during the period. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of Urban Edge Properties in the 3rd quarter valued at $52,000. Hedge funds and other institutional investors own 94.94% of the company's stock.
Urban Edge Properties Price Performance
NYSE:UE opened at $20.96 on Monday. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 27.95 and a beta of 1.02. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.17. The company's 50-day moving average is $20.61 and its two-hundred day moving average is $19.80. Urban Edge Properties has a 12-month low of $16.50 and a 12-month high of $21.87.
Urban Edge Properties (NYSE:UE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.26). The company had revenue of $119.56 million for the quarter, compared to analysts' expectations of $103.64 million. Urban Edge Properties had a return on equity of 6.79% and a net margin of 19.82%.Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. Research analysts expect that Urban Edge Properties will post 1.4 EPS for the current year.
Urban Edge Properties Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a $0.21 dividend. The ex-dividend date was Friday, March 13th. This is a positive change from Urban Edge Properties's previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 4.0%. Urban Edge Properties's payout ratio is 112.00%.
Analyst Upgrades and Downgrades
UE has been the topic of a number of recent research reports. UBS Group dropped their price objective on shares of Urban Edge Properties from $21.00 to $20.00 and set a "neutral" rating on the stock in a research note on Thursday, January 8th. Weiss Ratings raised shares of Urban Edge Properties from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, February 26th. Finally, Morgan Stanley boosted their price objective on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Monday, January 5th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Urban Edge Properties presently has a consensus rating of "Hold" and an average target price of $22.00.
Get Our Latest Report on Urban Edge Properties
Urban Edge Properties Company Profile
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Free Report)
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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