Citigroup Inc. Sells 88,448 Shares of Urban Edge Properties $UE

Citigroup Inc. reduced its stake in shares of Urban Edge Properties (NYSE:UE) by 40.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,508 shares of the real estate investment trust’s stock after selling 88,448 shares during the period. Citigroup Inc. owned 0.10% of Urban Edge Properties worth $2,671,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UE. EverSource Wealth Advisors LLC raised its position in shares of Urban Edge Properties by 426.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,071 shares during the period. Smartleaf Asset Management LLC raised its holdings in Urban Edge Properties by 45.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 593 shares during the period. Hantz Financial Services Inc. lifted its position 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 worth $46,000 after acquiring an additional 1,306 shares during the last quarter. MAI Capital Management bought a new stake in Urban Edge Properties during the second quarter valued at about $66,000. Finally, GAMMA Investing LLC boosted its holdings in Urban Edge Properties by 15.5% during the third quarter. GAMMA Investing LLC now owns 6,635 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 891 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group dropped their price target on Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Morgan Stanley increased 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. Finally, Weiss Ratings upgraded shares of Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.00.

Urban Edge Properties Trading Down 1.1%

Urban Edge Properties stock opened at $20.49 on Friday. The business has a 50 day moving average price of $19.93 and a two-hundred day moving average price of $19.85. 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 12 month low of $15.66 and a 12 month high of $21.87. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 27.32 and a beta of 1.02.

Urban Edge Properties (NYSE:UE) last issued its earnings results 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 firm had revenue of $119.56 million during the quarter, compared to analyst estimates of $103.64 million. Urban Edge Properties had a net margin of 19.82% and a return on equity of 6.79%. Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. As a group, equities analysts forecast that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.21 per share. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, March 13th. This represents a $0.84 annualized dividend and a dividend yield of 4.1%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 101.33%.

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.