Urban Edge Properties $UE Stock Holdings Trimmed by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its position in Urban Edge Properties (NYSE:UE) by 42.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,965 shares of the real estate investment trust’s stock after selling 52,917 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.06% of Urban Edge Properties worth $1,343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its holdings in Urban Edge Properties by 50.3% in the second quarter. CWM LLC now owns 3,494 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 1,169 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Urban Edge Properties in the first quarter valued at about $79,000. AlphaQuest LLC increased its holdings in 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 buying an additional 3,865 shares during the last quarter. GAMMA Investing LLC increased its holdings in Urban Edge Properties by 85.8% in the second quarter. GAMMA Investing LLC now owns 5,744 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 2,653 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in Urban Edge Properties in the first quarter valued at about $118,000. 94.94% of the stock is owned by institutional investors.

Urban Edge Properties Stock Performance

Shares of NYSE UE opened at $20.49 on Friday. Urban Edge Properties has a 1 year low of $15.66 and a 1 year high of $23.85. The firm has a market cap of $2.58 billion, a P/E ratio of 24.39 and a beta of 1.26. The stock has a fifty day moving average price of $20.32 and a two-hundred day moving average price of $19.26. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.39 and a current ratio of 2.39.

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, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $115.99 million. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. Research analysts forecast that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently weighed in on UE shares. Wall Street Zen raised Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. UBS Group started coverage on Urban Edge Properties in a report on Friday. They set a “neutral” rating and a $21.00 target price for the company. 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 target price for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Urban Edge Properties in a report on Friday. Finally, Morgan Stanley upped their target price 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. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Urban Edge Properties currently has a consensus rating of “Hold” and an average price target of $22.00.

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.