Fisher Asset Management LLC Has $14.19 Million Stake in Urban Edge Properties $UE

Fisher Asset Management LLC lowered its position in shares of Urban Edge Properties (NYSE:UE) by 24.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 760,502 shares of the real estate investment trust’s stock after selling 247,127 shares during the quarter. Fisher Asset Management LLC owned about 0.60% of Urban Edge Properties worth $14,191,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Nuveen LLC acquired a new position in shares of Urban Edge Properties in the 1st quarter valued at about $30,837,000. Westwood Holdings Group Inc. lifted its stake in 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 valued at $74,961,000 after buying an additional 1,031,587 shares during the period. Algert Global LLC lifted its stake in 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 valued at $8,820,000 after buying an additional 416,502 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Urban Edge Properties by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 20,299,913 shares of the real estate investment trust’s stock worth $385,698,000 after buying an additional 337,717 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Urban Edge Properties during the 1st quarter worth approximately $5,076,000. 94.94% of the stock is owned by institutional investors.

Urban Edge Properties Price Performance

Shares of NYSE UE opened at $19.18 on Thursday. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 21.56 and a beta of 1.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.61 and a current ratio of 2.61. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $22.96. The firm’s 50-day simple moving average is $19.50 and its 200 day simple moving average is $19.45.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. Urban Edge Properties had a return on equity of 8.10% and a net margin of 23.73%.The firm had revenue of $120.13 million during the quarter, compared to the consensus estimate of $117.85 million. Urban Edge Properties has set its FY 2025 guidance at 1.420-1.440 EPS. As a group, research analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, December 15th. This represents a $0.76 annualized dividend and a yield of 4.0%. Urban Edge Properties’s dividend payout ratio (DPR) is 85.39%.

Analysts Set New Price Targets

UE has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Urban Edge Properties from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 24th. BTIG Research initiated coverage on shares of Urban Edge Properties in a report on Monday, August 11th. They set a “buy” rating and a $23.00 price objective on the stock. Evercore ISI increased their price objective on shares of 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. UBS Group assumed coverage on Urban Edge Properties in a research report on Friday, October 24th. They issued a “neutral” rating and a $21.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Urban Edge Properties in a report on Monday. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.