Vident Advisory LLC Increases Stake in Urban Edge Properties $UE

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 increased its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 109.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,386 shares of the real estate investment trust's stock after purchasing an additional 16,934 shares during the quarter. Vident Advisory LLC's holdings in Urban Edge Properties were worth $615,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of 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 worth $671,000 after purchasing an additional 3,031 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position 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 buying an additional 75,538 shares in the last quarter. GAMMA Investing LLC increased its position in Urban Edge Properties by 1,773.9% during the 1st quarter. GAMMA Investing LLC now owns 58,729 shares of the real estate investment trust's stock valued at $1,116,000 after buying an additional 55,595 shares in the last quarter. XTX Topco Ltd acquired a new position in Urban Edge Properties during the 1st quarter valued at about $316,000. Finally, SG Americas Securities LLC acquired a new position in Urban Edge Properties during the 1st quarter valued at about $447,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties Stock Performance

Shares of NYSE:UE traded up $0.21 during trading on Thursday, hitting $21.23. The stock had a trading volume of 798,688 shares, compared to its average volume of 1,081,047. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $23.85. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 25.27 and a beta of 1.28. 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 50-day simple moving average of $19.86 and a two-hundred day simple moving average of $19.02.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share (EPS) 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 firm had revenue of $113.91 million during the quarter, compared to analysts' expectations of $115.99 million. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. On average, equities research analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently issued reports on the company. LADENBURG THALM/SH SH assumed coverage on Urban Edge Properties in a research report on Tuesday. They set a "neutral" rating and a $23.00 target price on the stock. Wall Street Zen raised Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, BTIG Research assumed coverage on Urban Edge Properties in a report on Monday, August 11th. They issued a "buy" rating and a $23.00 price objective on the stock. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $22.67.

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.