Voya Investment Management LLC Sells 1,980 Shares of Urban Edge Properties $UE

Voya Investment Management LLC lowered its position in Urban Edge Properties (NYSE:UE) by 5.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,882 shares of the real estate investment trust’s stock after selling 1,980 shares during the quarter. Voya Investment Management LLC’s holdings in Urban Edge Properties were worth $663,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of UE. Arizona State Retirement System raised its position in Urban Edge Properties by 1.7% in the 1st quarter. Arizona State Retirement System now owns 35,818 shares of the real estate investment trust’s stock valued at $681,000 after purchasing an additional 605 shares during the last quarter. Contravisory Investment Management Inc. raised its position in Urban Edge Properties by 6.6% in the 1st quarter. Contravisory Investment Management Inc. now owns 12,175 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 758 shares during the last quarter. California State Teachers Retirement System raised its position in Urban Edge Properties by 1.0% in the 4th quarter. California State Teachers Retirement System now owns 113,836 shares of the real estate investment trust’s stock valued at $2,447,000 after purchasing an additional 1,158 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in Urban Edge Properties by 3.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 68,455 shares of the real estate investment trust’s stock valued at $1,301,000 after purchasing an additional 2,141 shares during the last quarter. Finally, Aberdeen Group plc raised its position in Urban Edge Properties by 8.1% in the 1st quarter. Aberdeen Group plc now owns 39,345 shares of the real estate investment trust’s stock valued at $748,000 after purchasing an additional 2,936 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Stock Performance

Shares of UE opened at $19.95 on Friday. The company has a market cap of $2.51 billion, a PE ratio of 23.74 and a beta of 1.28. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.39 and a quick ratio of 2.39. Urban Edge Properties has a one year low of $15.66 and a one year high of $23.85. The stock has a 50-day moving average of $20.18 and a 200-day moving average of $19.03.

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

Urban Edge Properties Dividend Announcement

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 $0.19 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.76 annualized dividend and a yield of 3.8%. Urban Edge Properties’s dividend payout ratio is presently 90.48%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Morgan Stanley boosted their target price on Urban Edge Properties from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday. BTIG Research assumed coverage on 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. LADENBURG THALM/SH SH assumed coverage on Urban Edge Properties in a research report on Tuesday, September 9th. They set a “neutral” rating and a $23.00 target price for the company. Finally, Evercore ISI boosted their target price on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.25.

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.