Brooklyn Investment Group Has $425,000 Stock Position in Urban Edge Properties $UE

Key Points

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Brooklyn Investment Group boosted its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 2,238,800.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,389 shares of the real estate investment trust's stock after buying an additional 22,388 shares during the quarter. Brooklyn Investment Group's holdings in Urban Edge Properties were worth $425,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its holdings in Urban Edge Properties by 1.7% during the 1st quarter. Arizona State Retirement System now owns 35,818 shares of the real estate investment trust's stock worth $681,000 after buying an additional 605 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Urban Edge Properties by 6.6% during the 1st quarter. Contravisory Investment Management Inc. now owns 12,175 shares of the real estate investment trust's stock worth $231,000 after buying an additional 758 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Urban Edge Properties by 6.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 13,176 shares of the real estate investment trust's stock valued at $283,000 after acquiring an additional 778 shares during the period. Bank of Montreal Can increased its holdings in shares of Urban Edge Properties by 6.4% in the 4th quarter. Bank of Montreal Can now owns 17,911 shares of the real estate investment trust's stock valued at $385,000 after acquiring an additional 1,078 shares during the period. Finally, California State Teachers Retirement System increased its stake in Urban Edge Properties by 1.0% in the 4th quarter. California State Teachers Retirement System now owns 113,836 shares of the real estate investment trust's stock valued at $2,447,000 after buying an additional 1,158 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on UE. Wall Street Zen upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. BTIG Research initiated coverage on Urban Edge Properties in a research note on Monday, August 11th. They set a "buy" rating and a $23.00 target price for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $22.50.

Urban Edge Properties Price Performance

NYSE:UE traded up $0.8730 during mid-day trading on Friday, reaching $20.7830. 1,260,316 shares of the stock were exchanged, compared to its average volume of 1,394,265. The business has a fifty day moving average price of $19.27 and a 200 day moving average price of $18.97. The firm has a market capitalization of $2.61 billion, a PE ratio of 24.74 and a beta of 1.24. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $23.85. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 1.09.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. The firm had revenue of $113.91 million for the quarter, compared to analyst estimates of $115.99 million. Urban Edge Properties had a return on equity of 7.74% and a net margin of 22.86%. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. Research analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

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 dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, September 15th. Urban Edge Properties's payout ratio is presently 90.48%.

Urban Edge Properties Profile

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.