Cbre Investment Management Listed Real Assets LLC Trims Holdings in Urban Edge Properties $UE

Key Points

• Cbre Investment Management Listed Real Assets LLC reduced its stake in Urban Edge Properties by 12.3%, now owning 392,546 shares valued at $7.46 million as of its latest SEC filing.
• Vanguard Group Inc. and Westwood Holdings Group Inc. both increased their stakes in Urban Edge Properties, with Vanguard owning 20.3 million shares after a 1.7% increase and Westwood raising its stake by 35.4% to 3.95 million shares.
• Urban Edge Properties recently declared a quarterly dividend of $0.19 per share, representing a yield of 3.7%, with a payout ratio of 90.48%.

Cbre Investment Management Listed Real Assets LLC decreased its position in Urban Edge Properties (NYSE:UE - Free Report) by 12.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 392,546 shares of the real estate investment trust's stock after selling 54,941 shares during the period. Cbre Investment Management Listed Real Assets LLC owned about 0.31% of Urban Edge Properties worth $7,458,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlphaQuest LLC increased its holdings in 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 buying an additional 3,865 shares in the last quarter. Partners Capital Investment Group LLP purchased a new position in Urban Edge Properties in the first quarter valued at $250,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Urban Edge Properties in the first quarter valued at $79,000. Hsbc Holdings PLC grew its position in shares of Urban Edge Properties by 22.9% in the first quarter. Hsbc Holdings PLC now owns 129,928 shares of the real estate investment trust's stock valued at $2,464,000 after purchasing an additional 24,233 shares during the period. Finally, Brooklyn Investment Group grew its position in shares of Urban Edge Properties by 2,238,800.0% in the first quarter. Brooklyn Investment Group now owns 22,389 shares of the real estate investment trust's stock valued at $425,000 after purchasing an additional 22,388 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Urban Edge Properties Trading Up 2.6%

NYSE:UE traded up $0.53 on Wednesday, hitting $20.78. The stock had a trading volume of 1,216,591 shares, compared to its average volume of 1,005,181. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 1.09. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 24.73 and a beta of 1.24. The company has a fifty day moving average price of $19.35 and a two-hundred day moving average price of $18.98. 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 posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The company had revenue of $113.91 million for 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. Equities 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. Shareholders of record on Monday, September 15th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, September 15th. Urban Edge Properties's payout ratio is presently 90.48%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. BTIG Research assumed coverage on shares of Urban Edge Properties in a research report on Monday, August 11th. They issued a "buy" rating and a $23.00 target price on the stock. Wall Street Zen upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Urban Edge Properties presently has a consensus rating of "Moderate Buy" and an average target price of $22.50.

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.