Algert Global LLC Sells 112,847 Shares of Urban Edge Properties $UE

Algert Global LLC lessened its stake in shares of Urban Edge Properties (NYSE:UE) by 19.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 465,500 shares of the real estate investment trust’s stock after selling 112,847 shares during the quarter. Algert Global LLC owned approximately 0.37% of Urban Edge Properties worth $9,529,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Urban Edge Properties by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust’s stock valued at $1,424,000 after purchasing an additional 3,276 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Urban Edge Properties by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 871,958 shares of the real estate investment trust’s stock worth $16,567,000 after acquiring an additional 58,350 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Urban Edge Properties during the 1st quarter worth approximately $5,076,000. Envestnet Asset Management Inc. lifted its position in Urban Edge Properties by 26.0% during the second quarter. Envestnet Asset Management Inc. now owns 56,972 shares of the real estate investment trust’s stock valued at $1,063,000 after acquiring an additional 11,771 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Urban Edge Properties in the second quarter valued at approximately $2,032,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties Stock Down 0.3%

UE stock opened at $20.56 on Monday. The firm has a 50 day moving average of $20.06 and a 200 day moving average of $19.84. The stock has a market capitalization of $2.59 billion, a PE ratio of 27.42 and a beta of 1.01. 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 released its earnings results 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). Urban Edge Properties had a return on equity of 6.79% and a net margin of 19.82%.The company had revenue of $119.56 million for the quarter, compared to analysts’ expectations of $103.64 million. 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 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.21 dividend. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, March 13th. This represents a $0.84 dividend on an annualized basis and a yield of 4.1%. Urban Edge Properties’s dividend payout ratio (DPR) is 112.00%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on UE shares. Morgan Stanley lifted their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. Weiss Ratings upgraded Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Finally, UBS Group lowered their price objective on Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.00.

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.