Urban Edge Properties $UE Shares Sold by Resolution Capital Ltd

Key Points

• Resolution Capital Ltd sold 684,448 shares of Urban Edge Properties, reducing its stake by 23.6% to approximately 2.21 million shares.
• Urban Edge Properties reported a quarterly EPS of $0.36, exceeding estimates, while setting a FY 2025 guidance of 1.400-1.440 EPS.
• The company announced a quarterly dividend of $0.19 to be paid on September 30th, reflecting an annualized yield of 3.6%.

Resolution Capital Ltd cut its stake in Urban Edge Properties (NYSE:UE - Free Report) by 23.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,212,988 shares of the real estate investment trust's stock after selling 684,448 shares during the quarter. Urban Edge Properties makes up approximately 0.8% of Resolution Capital Ltd's investment portfolio, making the stock its 19th largest position. Resolution Capital Ltd owned approximately 1.76% of Urban Edge Properties worth $42,047,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GF Fund Management CO. LTD. acquired a new position in Urban Edge Properties in the fourth quarter valued at approximately $47,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Urban Edge Properties during the 1st quarter worth approximately $79,000. AlphaQuest LLC raised its stake in shares of Urban Edge Properties by 1,058.9% during the 1st quarter. AlphaQuest LLC now owns 4,230 shares of the real estate investment trust's stock worth $80,000 after buying an additional 3,865 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Urban Edge Properties during the 1st quarter worth approximately $118,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Urban Edge Properties during the 4th quarter worth approximately $206,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Urban Edge Properties Stock Up 0.5%

NYSE UE opened at $21.20 on Friday. The business has a fifty day moving average price of $19.69 and a 200 day moving average price of $18.99. Urban Edge Properties has a one year low of $15.66 and a one year high of $23.85. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.39 and a current ratio of 2.39. The company has a market cap of $2.67 billion, a P/E ratio of 25.24 and a beta of 1.28.

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

Urban Edge Properties Dividend Announcement

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

Wall Street Analyst Weigh In

UE has been the subject of several research analyst reports. 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. Wall Street Zen raised Urban Edge Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $22.50.

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.

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