Virtus Advisers LLC Acquires New Stake in Urban Edge Properties $UE

Key Points

• Virtus Advisers LLC has invested approximately $277,000 in Urban Edge Properties by acquiring 14,572 shares in the first quarter.
• Several institutional investors, including Vanguard Group and Westwood Holdings Group, have increased their holdings in Urban Edge Properties, indicating strong institutional interest.
• Urban Edge Properties announced a quarterly dividend of $0.19 per share, with a dividend yield of 3.7%, scheduled to be paid on September 30th.

Virtus Advisers LLC acquired a new stake in shares of Urban Edge Properties (NYSE:UE - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 14,572 shares of the real estate investment trust's stock, valued at approximately $277,000.

Several other large investors have also bought and sold shares of the company. AlphaQuest LLC raised its holdings in Urban Edge Properties by 1,058.9% in the 1st quarter. AlphaQuest LLC now owns 4,230 shares of the real estate investment trust's stock worth $80,000 after acquiring an additional 3,865 shares during the last quarter. Partners Capital Investment Group LLP purchased a new position in Urban Edge Properties in the 1st quarter worth approximately $250,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Urban Edge Properties in the 1st quarter worth approximately $79,000. Hsbc Holdings PLC raised its stake in Urban Edge Properties by 22.9% during the 1st quarter. Hsbc Holdings PLC now owns 129,928 shares of the real estate investment trust's stock valued at $2,464,000 after buying an additional 24,233 shares during the last quarter. Finally, Brooklyn Investment Group raised its stake in Urban Edge Properties by 2,238,800.0% during the 1st quarter. Brooklyn Investment Group now owns 22,389 shares of the real estate investment trust's stock valued at $425,000 after buying an additional 22,388 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Urban Edge Properties Stock Performance

Shares of UE stock traded down $0.01 during mid-day trading on Friday, reaching $20.72. 721,094 shares of the company's stock traded hands, compared to its average volume of 1,003,642. Urban Edge Properties has a 12 month low of $15.66 and a 12 month high of $23.85. The firm has a 50 day moving average price of $19.44 and a two-hundred day moving average price of $18.99. 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 firm has a market capitalization of $2.61 billion, a PE ratio of 24.66 and a beta of 1.24.

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. The company had revenue of $113.91 million during the quarter, compared to the consensus estimate 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, research analysts forecast that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, September 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.7%. Urban Edge Properties's dividend payout ratio (DPR) is presently 90.48%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on UE shares. BTIG Research started coverage on shares of 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 upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus 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.