Urban Edge Properties $UE Shares Bought by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in Urban Edge Properties by 109.6%, owning 32,386 shares worth approximately $615,000 as of its latest SEC filing.
• Urban Edge Properties announced a quarterly dividend of $0.19, yielding 3.6%, with a payout ratio of 90.48%.
• The stock currently has an average rating of "Moderate Buy" from analysts, with a consensus target price of $22.50.

Vident Advisory LLC raised its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 109.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,386 shares of the real estate investment trust's stock after acquiring an additional 16,934 shares during the period. Vident Advisory LLC's holdings in Urban Edge Properties were worth $615,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UE. Wealth Enhancement Advisory Services LLC boosted its holdings in Urban Edge Properties by 9.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,300 shares of the real estate investment trust's stock valued at $671,000 after acquiring an additional 3,031 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in Urban Edge Properties by 307.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 100,095 shares of the real estate investment trust's stock valued at $2,152,000 after acquiring an additional 75,538 shares during the period. GAMMA Investing LLC grew its holdings in shares of Urban Edge Properties by 1,773.9% in the first quarter. GAMMA Investing LLC now owns 58,729 shares of the real estate investment trust's stock valued at $1,116,000 after purchasing an additional 55,595 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Urban Edge Properties in the first quarter valued at approximately $316,000. Finally, SG Americas Securities LLC acquired a new position in shares of Urban Edge Properties in the first quarter valued at approximately $447,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in 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 started coverage on shares of Urban Edge Properties in a report on Monday, August 11th. They issued a "buy" rating and a $23.00 price objective for the company. Finally, LADENBURG THALM/SH SH started coverage on shares of Urban Edge Properties in a report on Tuesday. They issued a "neutral" rating and a $23.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Urban Edge Properties presently has an average rating of "Hold" and a consensus target price of $22.67.

Urban Edge Properties Stock Down 0.1%

NYSE UE traded down $0.03 on Wednesday, hitting $21.07. 399,098 shares of the stock were exchanged, compared to its average volume of 999,329. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 1.09. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $23.85. The company has a market cap of $2.65 billion, a PE ratio of 25.08 and a beta of 1.28. The company has a 50-day moving average price of $19.78 and a 200-day moving average price of $18.99.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping 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 business had revenue of $113.91 million for the quarter, compared to analyst estimates of $115.99 million. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. Sell-side analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.19 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.76 annualized dividend and a dividend yield of 3.6%. Urban Edge Properties's dividend payout ratio is presently 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.