Urban Edge Properties $UE Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd lessened its holdings in shares of Urban Edge Properties (NYSE:UE) by 12.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,290 shares of the real estate investment trust’s stock after selling 3,705 shares during the period. IFM Investors Pty Ltd’s holdings in Urban Edge Properties were worth $481,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UE. GF Fund Management CO. LTD. acquired a new stake in shares of Urban Edge Properties during the 4th quarter worth about $47,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Urban Edge Properties during the 1st quarter worth about $79,000. AlphaQuest LLC raised its position in shares of Urban Edge Properties by 1,058.9% during 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 in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Urban Edge Properties during the 1st quarter worth about $118,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Urban Edge Properties during the 1st quarter worth about $221,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on UE shares. LADENBURG THALM/SH SH initiated coverage on Urban Edge Properties in a research report on Tuesday, September 9th. They set a “neutral” rating and a $23.00 target price on the stock. BTIG Research initiated coverage on Urban Edge Properties in a research report on Monday, August 11th. They set a “buy” rating and a $23.00 price target on the stock. Finally, Wall Street Zen raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.67.

Urban Edge Properties Trading Down 0.1%

UE opened at $21.18 on Friday. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 25.21 and a beta of 1.28. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $23.85. The business’s 50 day moving average is $19.91 and its two-hundred day moving average is $19.01. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 1.09.

Urban Edge Properties (NYSE:UE) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. Urban Edge Properties had a return on equity of 7.74% and a net margin of 22.86%.The company 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, research analysts predict that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, September 15th. Urban Edge Properties’s dividend payout ratio (DPR) is 90.48%.

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.