Public Employees Retirement System of Ohio Raises Stake in Urban Edge Properties $UE

Public Employees Retirement System of Ohio grew its position in Urban Edge Properties (NYSE:UE) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 318,584 shares of the real estate investment trust’s stock after purchasing an additional 7,376 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.25% of Urban Edge Properties worth $5,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC bought a new position in Urban Edge Properties in the 1st quarter worth $30,837,000. Westwood Holdings Group Inc. boosted its stake in shares of Urban Edge Properties by 35.4% in the first quarter. Westwood Holdings Group Inc. now owns 3,945,310 shares of the real estate investment trust’s stock worth $74,961,000 after acquiring an additional 1,031,587 shares during the period. Algert Global LLC boosted its stake in shares of Urban Edge Properties by 872.7% in the first quarter. Algert Global LLC now owns 464,227 shares of the real estate investment trust’s stock worth $8,820,000 after acquiring an additional 416,502 shares during the period. Vanguard Group Inc. grew its position in shares of 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 in the last quarter. Finally, GW&K Investment Management LLC bought a new stake in Urban Edge Properties during the 1st quarter valued at approximately $5,511,000. 94.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on UE. Evercore ISI upped their price target on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Morgan Stanley boosted their target price on shares of Urban Edge Properties from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 24th. LADENBURG THALM/SH SH began coverage on shares of 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. BTIG Research started coverage on shares of Urban Edge Properties in a report on Monday, August 11th. They issued a “buy” rating and a $23.00 price target on the stock. Finally, Wall Street Zen raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.25.

Urban Edge Properties Price Performance

UE stock opened at $20.10 on Monday. The company has a fifty day simple moving average of $20.20 and a two-hundred day simple moving average of $19.04. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $23.85. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $2.53 billion, a P/E ratio of 23.92 and a beta of 1.28.

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 (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $115.99 million. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. Analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.8%. The ex-dividend date 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.