Vanguard Group Inc. Has $385.70 Million Stock Holdings in Urban Edge Properties $UE

Key Points

• Vanguard Group Inc. increased its holdings in Urban Edge Properties by 1.7%, now owning over 20.2 million shares, representing 16.14% of the company worth approximately $385.7 million.
• A number of other institutional investors have also altered their positions, with 94.94% of the stock currently held by hedge funds and institutional investors.
• Urban Edge Properties recently announced a quarterly dividend of $0.19 per share, translating to an annualized yield of 3.9%.

Vanguard Group Inc. lifted its position in Urban Edge Properties (NYSE:UE - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,299,913 shares of the real estate investment trust's stock after acquiring an additional 337,717 shares during the period. Vanguard Group Inc. owned about 16.14% of Urban Edge Properties worth $385,698,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. GF Fund Management CO. LTD. acquired a new stake in shares of Urban Edge Properties during the fourth quarter worth approximately $47,000. Quarry LP acquired a new stake in shares of Urban Edge Properties during the fourth quarter worth approximately $49,000. Sterling Capital Management LLC boosted its holdings in shares of Urban Edge Properties by 858.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 3,555 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of Urban Edge Properties during the fourth quarter worth approximately $206,000. Finally, Yoffe Investment Management LLC acquired a new stake in shares of Urban Edge Properties during the fourth quarter worth approximately $224,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on UE shares. Wall Street Zen upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. BTIG Research initiated coverage on shares of Urban Edge Properties in a report on Monday, August 11th. They set 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 one has given a Hold rating to the stock. According to data from MarketBeat.com, Urban Edge Properties has a consensus rating of "Moderate Buy" and a consensus price target of $22.50.

Urban Edge Properties Stock Performance

NYSE:UE traded down $0.2150 during trading hours on Thursday, hitting $19.8950. 1,017,249 shares of the company traded hands, compared to its average volume of 1,378,364. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 23.68 and a beta of 1.24. Urban Edge Properties has a twelve month low of $15.66 and a twelve month high of $23.85. The firm has a 50-day moving average of $19.22 and a 200 day moving average of $18.98. 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 (NYSE:UE - Get Free Report) last released its earnings results 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. The firm had revenue of $113.91 million during the quarter, compared to analysts' expectations 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. On average, analysts forecast that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.19 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.8%. Urban Edge Properties's dividend payout ratio is currently 90.48%.

About Urban Edge Properties

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.