Urban Edge Properties $UE Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its stake in Urban Edge Properties (NYSE:UE) by 56.9% in the first quarter, HoldingsChannel.com reports. The firm owned 34,952 shares of the real estate investment trust’s stock after selling 46,105 shares during the quarter. First Trust Advisors LP’s holdings in Urban Edge Properties were worth $698,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Urban Edge Properties by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust’s stock worth $1,424,000 after buying an additional 3,276 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Urban Edge Properties by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 871,958 shares of the real estate investment trust’s stock valued at $16,567,000 after buying an additional 58,350 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Urban Edge Properties during the 1st quarter valued at approximately $5,076,000. New York State Common Retirement Fund lifted its position in shares of Urban Edge Properties by 15.1% during the 2nd quarter. New York State Common Retirement Fund now owns 42,670 shares of the real estate investment trust’s stock valued at $796,000 after acquiring an additional 5,600 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Urban Edge Properties by 21.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 350,300 shares of the real estate investment trust’s stock worth $6,537,000 after acquiring an additional 62,820 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on UE. BTIG Research restated a “buy” rating and issued a $25.00 price target on shares of Urban Edge Properties in a report on Friday, June 12th. UBS Group lifted their price objective on Urban Edge Properties from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Urban Edge Properties in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $23.20.

Urban Edge Properties Stock Performance

Shares of UE opened at $21.64 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.19. The stock has a market cap of $2.73 billion, a P/E ratio of 40.07 and a beta of 0.98. The company has a 50-day moving average of $22.84 and a two-hundred day moving average of $21.63. Urban Edge Properties has a 12-month low of $18.46 and a 12-month high of $24.11.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. The business had revenue of $122.78 million for the quarter, compared to analyst estimates of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. As a group, research analysts predict that Urban Edge Properties will post 1.52 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, September 15th. Urban Edge Properties’s dividend payout ratio is 155.56%.

Urban Edge Properties Company Profile

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.