Fisher Asset Management LLC Sells 39,127 Shares of Urban Edge Properties $UE

Fisher Asset Management LLC cut its holdings in shares of Urban Edge Properties (NYSE:UE) by 5.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 721,375 shares of the real estate investment trust’s stock after selling 39,127 shares during the quarter. Fisher Asset Management LLC owned approximately 0.57% of Urban Edge Properties worth $14,767,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in UE. Allianz Asset Management GmbH raised its stake in Urban Edge Properties by 65.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 119,358 shares of the real estate investment trust’s stock valued at $2,443,000 after purchasing an additional 47,393 shares during the period. Squarepoint Ops LLC boosted its stake in Urban Edge Properties by 62.7% in the 2nd quarter. Squarepoint Ops LLC now owns 146,472 shares of the real estate investment trust’s stock worth $2,733,000 after purchasing an additional 56,422 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Urban Edge Properties during the 2nd quarter valued at approximately $2,032,000. Elo Mutual Pension Insurance Co purchased a new stake in Urban Edge Properties during the 2nd quarter valued at approximately $615,000. Finally, Bank of New York Mellon Corp raised its position in shares of Urban Edge Properties by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 1,359,107 shares of the real estate investment trust’s stock valued at $25,361,000 after buying an additional 18,350 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on UE shares. Weiss Ratings upgraded shares of Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. UBS Group decreased their price target on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Finally, Morgan Stanley raised their price objective on Urban Edge Properties from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Two 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, the company presently has an average rating of “Hold” and an average price target of $22.00.

Urban Edge Properties Price Performance

Urban Edge Properties stock opened at $20.92 on Thursday. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 27.89 and a beta of 1.02. The firm’s fifty day moving average is $19.88 and its 200 day moving average is $19.83. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.17. Urban Edge Properties has a 52-week low of $15.66 and a 52-week high of $21.87.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). The business had revenue of $119.56 million during the quarter, compared to analysts’ expectations of $103.64 million. Urban Edge Properties had a return on equity of 6.79% and a net margin of 19.82%.Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. Sell-side analysts forecast that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 4.0%. Urban Edge Properties’s payout ratio is presently 101.33%.

About Urban Edge Properties

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.