Cubist Systematic Strategies LLC Has $2.77 Million Position in Urban Edge Properties $UE

Key Points

• Cubist Systematic Strategies LLC has significantly increased its holdings in Urban Edge Properties by 1,194.7%, acquiring 145,625 shares during the first quarter.
• Urban Edge Properties announced a quarterly dividend of $0.19 per share, with a payout ratio of 90.48%, indicating a stable income for shareholders.
• Currently, the stock is rated as a "Moderate Buy" by analysts, with a target price of $22.50, reflecting a positive outlook for Urban Edge's performance.

Cubist Systematic Strategies LLC boosted its holdings in Urban Edge Properties (NYSE:UE - Free Report) by 1,194.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,625 shares of the real estate investment trust's stock after acquiring an additional 134,377 shares during the period. Cubist Systematic Strategies LLC owned about 0.12% of Urban Edge Properties worth $2,767,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. GF Fund Management CO. LTD. acquired a new stake in shares of Urban Edge Properties in the fourth quarter valued at approximately $47,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Urban Edge Properties in the first quarter worth approximately $79,000. AlphaQuest LLC lifted its holdings in shares of Urban Edge Properties by 1,058.9% in the first 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 shares of Urban Edge Properties in the first quarter valued at $118,000. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of Urban Edge Properties in the fourth quarter valued at $206,000. Institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. LADENBURG THALM/SH SH started coverage on shares of Urban Edge Properties in a report on Tuesday. They issued a "neutral" rating and a $23.00 price objective for the company. Finally, BTIG Research began coverage on shares of Urban Edge Properties in a report on Monday, August 11th. They issued a "buy" rating and a $23.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Urban Edge Properties currently has an average rating of "Hold" and an average price target of $22.67.

Urban Edge Properties Stock Performance

Urban Edge Properties stock traded up $0.21 on Thursday, reaching $21.23. 798,688 shares of the stock were exchanged, compared to its average volume of 1,081,047. The stock has a market cap of $2.67 billion, a PE ratio of 25.27 and a beta of 1.28. 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 twelve month low of $15.66 and a twelve month high of $23.85. The firm has a fifty day moving average price of $19.86 and a two-hundred day moving average price of $19.02.

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 for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. The firm had revenue of $113.91 million during the quarter, compared to analyst estimates of $115.99 million. Urban Edge Properties had a net margin of 22.86% and a return on equity of 7.74%. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. Sell-side analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.6%. Urban Edge Properties's dividend payout ratio is currently 90.48%.

Urban Edge Properties Company 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.