Vanguard Group Inc. Has $418.51 Million Position in Urban Edge Properties $UE

Vanguard Group Inc. decreased its holdings in shares of Urban Edge Properties (NYSE:UE) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 20,445,140 shares of the real estate investment trust’s stock after selling 118,670 shares during the period. Vanguard Group Inc. owned about 0.16% of Urban Edge Properties worth $418,512,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Hudson Bay Capital Management LP grew its holdings in shares of Urban Edge Properties by 47.2% during the second quarter. Hudson Bay Capital Management LP now owns 1,949,069 shares of the real estate investment trust’s stock valued at $36,370,000 after buying an additional 624,645 shares during the last quarter. Jane Street Group LLC bought a new position in Urban Edge Properties in the 1st quarter valued at about $5,076,000. Resolution Capital Ltd lifted its position in 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 in the last quarter. Bank of America Corp DE boosted its stake in Urban Edge Properties by 46.6% during the 2nd quarter. Bank of America Corp DE now owns 657,241 shares of the real estate investment trust’s stock valued at $12,264,000 after purchasing an additional 208,815 shares during the last quarter. Finally, Norges Bank bought a new stake in Urban Edge Properties during the 2nd quarter worth approximately $2,199,000. 94.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UE. Weiss Ratings lowered Urban Edge Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 11th. 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 note on Monday, January 5th. Finally, UBS Group cut their price objective on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.00.

Urban Edge Properties Stock Performance

Shares of Urban Edge Properties stock opened at $21.31 on Friday. The business’s fifty day simple moving average is $19.74 and its 200 day simple moving average is $19.79. The company has a current ratio of 1.74, a quick 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 firm has a market capitalization of $2.68 billion, a P/E ratio of 28.41 and a beta of 1.06.

Urban Edge Properties (NYSE:UE) last announced its earnings results 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). The business had revenue of $119.56 million for the quarter, compared to analysts’ expectations 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, analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current 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 given a $0.21 dividend. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, March 13th. Urban Edge Properties’s payout ratio is presently 101.33%.

Urban Edge Properties 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.