Wealth Enhancement Advisory Services LLC Grows Position in Urban Edge Properties $UE

Wealth Enhancement Advisory Services LLC raised its position in shares of Urban Edge Properties (NYSE:UE) by 44.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,921 shares of the real estate investment trust’s stock after buying an additional 15,621 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Urban Edge Properties were worth $969,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Urban Edge Properties in the 1st quarter worth approximately $79,000. AlphaQuest LLC boosted its holdings in shares of Urban Edge Properties by 1,058.9% in the 1st quarter. AlphaQuest LLC now owns 4,230 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 3,865 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of Urban Edge Properties in the 1st quarter worth approximately $118,000. Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Urban Edge Properties in the 2nd quarter worth approximately $153,000. Finally, HighTower Advisors LLC purchased a new position in shares of Urban Edge Properties in the 1st quarter worth approximately $221,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Price Performance

UE opened at $20.37 on Thursday. The business has a fifty day moving average of $20.24 and a 200 day moving average of $19.07. 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 stock 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 issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share 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 analyst estimates 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. As a group, sell-side analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 3.7%. Urban Edge Properties’s payout ratio is 90.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. LADENBURG THALM/SH SH assumed coverage on Urban Edge Properties in a report on Tuesday, September 9th. They issued a “neutral” rating and a $23.00 target price for the company. BTIG Research assumed coverage on Urban Edge Properties in a report on Monday, August 11th. They issued a “buy” rating and a $23.00 target price for the company. Evercore ISI lifted their target price on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Morgan Stanley boosted their price objective on Urban Edge Properties from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, September 24th. Finally, Wall Street Zen upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.25.

Urban Edge Properties Company 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.