Tudor Investment Corp ET AL Purchases 50,479 Shares of Urban Edge Properties $UE

Tudor Investment Corp ET AL boosted its position in shares of Urban Edge Properties (NYSE:UE) by 229.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,468 shares of the real estate investment trust’s stock after acquiring an additional 50,479 shares during the period. Tudor Investment Corp ET AL owned 0.06% of Urban Edge Properties worth $1,483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of UE. EverSource Wealth Advisors LLC grew its stake in Urban Edge Properties by 426.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,071 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Urban Edge Properties in the 3rd quarter worth approximately $35,000. Smartleaf Asset Management LLC grew its position in Urban Edge Properties by 45.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 593 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Urban Edge Properties by 137.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,306 shares in the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of Urban Edge Properties in the third quarter worth $52,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UE has been the topic of several research reports. Weiss Ratings raised Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. UBS Group cut their price objective on Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, Morgan Stanley lifted their target price on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Urban Edge Properties Trading Up 0.0%

NYSE UE opened at $20.01 on Monday. The company has a fifty day moving average of $20.37 and a 200 day moving average of $19.81. The company has a market capitalization of $2.52 billion, a PE ratio of 26.67 and a beta of 1.02. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.74 and a quick ratio of 1.74. Urban Edge Properties has a 1 year low of $15.66 and a 1 year 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.26). Urban Edge Properties had a net margin of 19.82% and a return on equity of 6.79%. The company had revenue of $119.56 million during the quarter, compared to analyst estimates of $103.64 million. Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. Research analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.19. Urban Edge Properties’s dividend payout ratio is 112.00%.

Urban Edge Properties Company Profile

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.