Urban Edge Properties $UE Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management cut its Urban Edge Properties stake by 64.3% in the second quarter, selling 1.75 million shares and retaining 972,219 shares worth about $22.2 million. Institutional investors collectively own 94.94% of the REIT.
• Urban Edge reported quarterly earnings of $0.14 per share, beating estimates by $0.03, while revenue of $122.78 million also exceeded expectations. Management reaffirmed fiscal 2026 guidance of $1.50–$1.54 in EPS.
• The company declared a quarterly dividend of $0.21 per share, equivalent to an annualized $0.84 and a 4.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $23.20, compared with a recent share price of $21.00.

Wellington Management Group LLP lessened its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 64.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 972,219 shares of the real estate investment trust's stock after selling 1,748,549 shares during the quarter. Wellington Management Group LLP owned approximately 0.77% of Urban Edge Properties worth $22,244,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Urban Edge Properties during the 2nd quarter worth about $6,403,000. Corient Private Wealth LP acquired a new position in shares of Urban Edge Properties in the second quarter valued at approximately $2,278,000. Bank of America Corp DE purchased a new position in shares of Urban Edge Properties during the second quarter valued at approximately $11,208,000. Jupiter Topco LLC acquired a new stake in Urban Edge Properties during the second quarter worth approximately $1,173,000. Finally, Hsbc Holdings PLC acquired a new stake in Urban Edge Properties during the second quarter worth approximately $5,605,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Urban Edge Properties Stock Performance

NYSE:UE opened at $21.00 on Friday. Urban Edge Properties has a fifty-two week low of $18.46 and a fifty-two week high of $24.11. The company has a market cap of $2.65 billion, a P/E ratio of 38.89 and a beta of 0.97. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.19. The firm's 50 day moving average is $22.33 and its two-hundred day moving average is $21.81.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $122.78 million for the quarter, compared to analysts' expectations of $117.86 million. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. Analysts expect that Urban Edge Properties will post 1.52 EPS for the current year.

Urban Edge Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.84 annualized dividend and a yield of 4.0%. Urban Edge Properties's dividend payout ratio is currently 155.56%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on UE shares. UBS Group boosted their price target on Urban Edge Properties from $22.00 to $24.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. BTIG Research reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Urban Edge Properties in a research report on Friday, June 12th. Finally, Weiss Ratings downgraded Urban Edge Properties from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $23.20.

Urban Edge Properties Company Profile

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.

Want to see what other hedge funds are holding UE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban Edge Properties (NYSE:UE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.