Urban Edge Properties $UE Shares Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP lifted its position in shares of Urban Edge Properties (NYSE:UE) by 47.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,949,069 shares of the real estate investment trust’s stock after purchasing an additional 624,645 shares during the period. Hudson Bay Capital Management LP owned about 1.55% of Urban Edge Properties worth $36,370,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Nuveen LLC acquired a new stake in Urban Edge Properties in the first quarter valued at $30,837,000. Algert Global LLC raised its position in shares of Urban Edge Properties by 872.7% during the 1st quarter. Algert Global LLC now owns 464,227 shares of the real estate investment trust’s stock worth $8,820,000 after acquiring an additional 416,502 shares in the last quarter. Vanguard Group Inc. lifted its stake in 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 purchasing an additional 337,717 shares during the last quarter. Jane Street Group LLC acquired a new position in Urban Edge Properties in the first quarter valued at approximately $5,076,000. Finally, Resolution Capital Ltd increased its stake in Urban Edge Properties by 11.8% in the second quarter. Resolution Capital Ltd now owns 2,475,155 shares of the real estate investment trust’s stock valued at $46,186,000 after purchasing an additional 262,167 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Trading Up 1.2%

NYSE UE opened at $19.67 on Friday. The firm’s fifty day moving average is $19.37 and its two-hundred day moving average is $19.51. Urban Edge Properties has a one year low of $15.66 and a one year high of $22.84. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a market cap of $2.48 billion, a PE ratio of 22.10 and a beta of 1.04.

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

Urban Edge Properties Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UE. Morgan Stanley boosted their price objective on shares of Urban Edge Properties from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 24th. LADENBURG THALM/SH SH assumed coverage on shares of Urban Edge Properties in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $23.00 price objective for the company. UBS Group initiated coverage on Urban Edge Properties in a report on Friday, October 24th. They set a “neutral” rating and a $21.00 price objective on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Urban Edge Properties in a report on Monday, December 8th. Finally, Evercore ISI upped their target price on 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. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Urban Edge Properties currently has a consensus rating of “Hold” and an average target price of $22.00.

Urban Edge Properties Company 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.