American Century Companies Inc. Buys 405,723 Shares of Urban Edge Properties $UE

American Century Companies Inc. increased its stake in Urban Edge Properties (NYSE:UE) by 44.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,320,089 shares of the real estate investment trust’s stock after buying an additional 405,723 shares during the quarter. American Century Companies Inc. owned approximately 1.05% of Urban Edge Properties worth $27,022,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its position in Urban Edge Properties by 1.3% during the second quarter. State Street Corp now owns 7,394,625 shares of the real estate investment trust’s stock worth $137,984,000 after acquiring an additional 92,101 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Urban Edge Properties by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,351,775 shares of the real estate investment trust’s stock valued at $62,552,000 after acquiring an additional 46,714 shares during the period. Resolution Capital Ltd grew its position in shares of Urban Edge Properties by 11.8% in the 2nd quarter. Resolution Capital Ltd now owns 2,475,155 shares of the real estate investment trust’s stock valued at $46,186,000 after acquiring an additional 262,167 shares during the period. Hudson Bay Capital Management LP increased its stake in shares of Urban Edge Properties by 47.2% during the 2nd quarter. Hudson Bay Capital Management LP now owns 1,949,069 shares of the real estate investment trust’s stock worth $36,370,000 after purchasing an additional 624,645 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Urban Edge Properties by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,359,107 shares of the real estate investment trust’s stock worth $25,361,000 after purchasing an additional 18,350 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on UE shares. 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. UBS Group lowered 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. Finally, Morgan Stanley upped their price objective on Urban Edge Properties from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.00.

Urban Edge Properties Trading Down 1.1%

UE stock opened at $20.49 on Monday. Urban Edge Properties has a one year low of $15.66 and a one year 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 1.01. The company has a fifty day moving average price of $19.93 and a two-hundred day moving average price of $19.84. 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 (NYSE:UE) last issued its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.26). The company had revenue of $119.56 million during the quarter, compared to the consensus estimate 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. Equities analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.84 annualized dividend and a yield of 4.1%. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.19. Urban Edge Properties’s payout ratio is currently 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.