Arrowstreet Capital Limited Partnership lessened its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 77.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,862 shares of the real estate investment trust's stock after selling 106,870 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Urban Edge Properties were worth $637,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Urban Edge Properties by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust's stock valued at $1,424,000 after purchasing an additional 3,276 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Urban Edge Properties by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 871,958 shares of the real estate investment trust's stock valued at $16,567,000 after purchasing an additional 58,350 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Urban Edge Properties during the 1st quarter valued at $5,076,000. New York State Common Retirement Fund raised its stake in shares of Urban Edge Properties by 15.1% in the 2nd quarter. New York State Common Retirement Fund now owns 42,670 shares of the real estate investment trust's stock worth $796,000 after buying an additional 5,600 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake 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 worth $25,000 after buying an additional 1,071 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on UE. UBS Group lifted their price objective on shares of Urban Edge Properties from $22.00 to $24.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. Weiss Ratings restated a "buy (b)" rating on shares of Urban Edge Properties in a report on Friday, July 24th. Finally, BTIG Research restated a "buy" rating and issued a $25.00 price target on shares of Urban Edge Properties in a research report on Friday, June 12th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $23.20.
Read Our Latest Stock Report on Urban Edge Properties
Insider Activity at Urban Edge Properties
In related news, CEO Jeffrey S. Olson sold 19,034 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $21.62, for a total value of $411,515.08. Following the transaction, the chief executive officer directly owned 3,665 shares of the company's stock, valued at approximately $79,237.30. This trade represents a 83.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.70% of the company's stock.
Urban Edge Properties Price Performance
NYSE UE opened at $21.59 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $2.72 billion, a PE ratio of 39.99 and a beta of 0.98. Urban Edge Properties has a 12-month low of $18.46 and a 12-month high of $24.11. The company has a 50 day moving average price of $22.87 and a two-hundred day moving average price of $21.58.
Urban Edge Properties (NYSE:UE - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. The company had revenue of $122.78 million for the quarter, compared to analyst estimates of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. As a group, equities analysts predict that Urban Edge Properties will post 1.49 earnings per share for the current fiscal year.
Urban Edge Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%. Urban Edge Properties's dividend payout ratio is currently 97.67%.
Urban Edge Properties Company Profile
(
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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