Brooklyn Investment Group boosted its position in shares of Urban Edge Properties (NYSE:UE - Free Report) by 2,238,800.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,389 shares of the real estate investment trust's stock after buying an additional 22,388 shares during the period. Brooklyn Investment Group's holdings in Urban Edge Properties were worth $425,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Urban Edge Properties by 9.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,300 shares of the real estate investment trust's stock valued at $671,000 after purchasing an additional 3,031 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in Urban Edge Properties by 307.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 100,095 shares of the real estate investment trust's stock worth $2,152,000 after purchasing an additional 75,538 shares in the last quarter. GAMMA Investing LLC boosted its position in Urban Edge Properties by 1,773.9% during the first quarter. GAMMA Investing LLC now owns 58,729 shares of the real estate investment trust's stock worth $1,116,000 after purchasing an additional 55,595 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Urban Edge Properties in the first quarter valued at $316,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Urban Edge Properties in the first quarter valued at $447,000. Institutional investors and hedge funds own 94.94% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on UE. Wall Street Zen upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. BTIG Research assumed coverage on Urban Edge Properties in a research report on Monday, August 11th. They set a "buy" rating and a $23.00 target price on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Urban Edge Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.50.
Check Out Our Latest Analysis on UE
Urban Edge Properties Trading Up 4.4%
Shares of Urban Edge Properties stock traded up $0.8730 during trading hours on Friday, reaching $20.7830. The stock had a trading volume of 1,260,316 shares, compared to its average volume of 998,393. The firm has a 50 day simple moving average of $19.22 and a two-hundred day simple moving average of $18.98. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 24.74 and a beta of 1.24. 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 has a 1 year low of $15.66 and a 1 year high of $23.85.
Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. The company had revenue of $113.91 million for the quarter, compared to the consensus estimate 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. As a group, equities research analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current year.
Urban Edge Properties Dividend Announcement
The business 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 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, September 15th. Urban Edge Properties's dividend payout ratio (DPR) is presently 90.48%.
About Urban Edge Properties
(
Free Report)
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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