Amundi Sells 6,302 Shares of Urban Edge Properties $UE

Amundi lowered its stake in shares of Urban Edge Properties (NYSE:UE) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,128 shares of the real estate investment trust’s stock after selling 6,302 shares during the quarter. Amundi owned approximately 0.10% of Urban Edge Properties worth $2,238,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in UE. Nuveen LLC bought a new position in Urban Edge Properties during the first quarter valued at about $30,837,000. Westwood Holdings Group Inc. grew its position in Urban Edge Properties by 35.4% during the first 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 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 valued at $8,820,000 after buying an additional 416,502 shares during the period. Vanguard Group Inc. boosted its position 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 period. Finally, GW&K Investment Management LLC bought a new position in Urban Edge Properties during the first quarter worth about $5,511,000. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

UE has been the subject of a number of research reports. Wall Street Zen upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. BTIG Research initiated coverage on shares of Urban Edge Properties in a research report on Monday, August 11th. They set a “buy” rating and a $23.00 target price for the company. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Urban Edge Properties in a research report on Tuesday. They set a “neutral” rating and a $23.00 target price for the company. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.67.

Urban Edge Properties Trading Up 1.0%

Shares of Urban Edge Properties stock opened at $21.23 on Friday. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $23.85. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 25.27 and a beta of 1.28. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 1.09. The company’s 50-day moving average price is $19.86 and its 200-day moving average price is $19.02.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Urban Edge Properties had a net margin of 22.86% and a return on equity of 7.74%. The firm had revenue of $113.91 million for the quarter, compared to the consensus estimate of $115.99 million. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. On average, equities analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, September 15th. Urban Edge Properties’s dividend payout ratio is presently 90.48%.

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.