GAMMA Investing LLC Has $107,000 Holdings in Urban Edge Properties $UE

GAMMA Investing LLC raised its stake in shares of Urban Edge Properties (NYSE:UE) by 85.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,744 shares of the real estate investment trust’s stock after purchasing an additional 2,653 shares during the quarter. GAMMA Investing LLC’s holdings in Urban Edge Properties were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of UE. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Urban Edge Properties in the first quarter worth about $79,000. AlphaQuest LLC lifted its holdings in 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 valued at $80,000 after purchasing an additional 3,865 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in Urban Edge Properties in the 1st quarter valued at about $118,000. Financiere des Professionnels Fonds d investissement inc. bought a new position in Urban Edge Properties during the 2nd quarter worth $153,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Urban Edge Properties in the first quarter valued at approximately $221,000. 94.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UE. LADENBURG THALM/SH SH initiated coverage on shares of Urban Edge Properties in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $23.00 price objective on the stock. BTIG Research began 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 for the company. Evercore ISI lifted their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Wall Street Zen raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Morgan Stanley lifted their price target on Urban Edge Properties from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Urban Edge Properties has a consensus rating of “Hold” and a consensus price target of $22.25.

Urban Edge Properties Price Performance

UE stock opened at $20.37 on Thursday. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $23.85. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.39 and a current ratio of 2.39. The firm’s fifty day moving average is $20.24 and its 200 day moving average is $19.07. The firm has a market cap of $2.56 billion, a P/E ratio of 24.25 and a beta of 1.26.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates 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 business 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. Research analysts predict that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, September 15th. Urban Edge Properties’s payout ratio is currently 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.