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

IFM Investors Pty Ltd trimmed its stake in shares of Urban Edge Properties (NYSE:UE) by 19.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,402 shares of the real estate investment trust’s stock after selling 4,888 shares during the quarter. IFM Investors Pty Ltd’s holdings in Urban Edge Properties were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. GF Fund Management CO. LTD. acquired a new stake in Urban Edge Properties in the fourth quarter valued at $47,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Urban Edge Properties during the first quarter worth about $79,000. AlphaQuest LLC lifted its holdings in shares of Urban Edge Properties by 1,058.9% in the first quarter. AlphaQuest LLC now owns 4,230 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 3,865 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Urban Edge Properties in the first quarter valued at approximately $118,000. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Urban Edge Properties in the second quarter valued at approximately $153,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

UE has been the subject of several analyst reports. Evercore ISI boosted their target price on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. BTIG Research started coverage on shares of Urban Edge Properties in a report on Monday, August 11th. They set a “buy” rating and a $23.00 price target for the company. Wall Street Zen upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, LADENBURG THALM/SH SH started coverage on Urban Edge Properties in a report on Tuesday, September 9th. They set a “neutral” rating and a $23.00 price objective on the stock. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Urban Edge Properties has an average rating of “Hold” and a consensus price target of $22.67.

Urban Edge Properties Stock Down 0.2%

Shares of NYSE:UE opened at $20.38 on Wednesday. The firm has a market cap of $2.56 billion, a PE ratio of 24.26 and a beta of 1.28. The company has a fifty day simple moving average of $20.15 and a 200 day simple moving average of $19.02. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 1.09. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $23.85.

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

Urban Edge Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, September 15th. This represents a $0.76 annualized dividend and a yield of 3.7%. 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.