Employees Retirement System of Texas Makes New $240,000 Investment in Urban Edge Properties $UE

Employees Retirement System of Texas acquired a new position in shares of Urban Edge Properties (NYSE:UE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,870 shares of the real estate investment trust’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nuveen LLC purchased a new stake in Urban Edge Properties during the 1st quarter worth about $30,837,000. Westwood Holdings Group Inc. boosted its stake in shares of Urban Edge Properties by 35.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,945,310 shares of the real estate investment trust’s stock valued at $74,961,000 after buying an additional 1,031,587 shares during the period. Algert Global LLC grew its position in shares of Urban Edge Properties by 872.7% during the first quarter. Algert Global LLC now owns 464,227 shares of the real estate investment trust’s stock worth $8,820,000 after buying an additional 416,502 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Urban Edge Properties by 1.7% during the first quarter. Vanguard Group Inc. now owns 20,299,913 shares of the real estate investment trust’s stock worth $385,698,000 after buying an additional 337,717 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Urban Edge Properties during the first quarter worth approximately $5,076,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties Stock Up 0.1%

Shares of NYSE:UE opened at $19.25 on Friday. The company has a market capitalization of $2.42 billion, a PE ratio of 21.63 and a beta of 1.25. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 1.18. Urban Edge Properties has a twelve month low of $15.66 and a twelve month high of $23.60. The firm has a 50 day simple moving average of $19.59 and a 200-day simple moving average of $19.43.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Urban Edge Properties had a net margin of 23.73% and a return on equity of 8.10%. The firm had revenue of $120.13 million for the quarter, compared to the consensus estimate of $117.85 million. Urban Edge Properties has set its FY 2025 guidance at 1.420-1.440 EPS. On average, equities analysts predict that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 3.9%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 85.39%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. 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. Evercore ISI increased their price objective on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. 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 on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Urban Edge Properties in a research note on Tuesday. Finally, Morgan Stanley raised their price target on Urban Edge Properties from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 24th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.00.

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.