Urban Edge Properties $UE Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its stake in Urban Edge Properties (NYSE:UE) by 3.5% in the fourth quarter, Holdings Channel reports. The firm owned 1,227,465 shares of the real estate investment trust’s stock after selling 43,991 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Urban Edge Properties were worth $23,555,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in Urban Edge Properties by 426.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,071 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Urban Edge Properties during the 3rd quarter worth approximately $35,000. Smartleaf Asset Management LLC raised 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 buying an additional 593 shares during the last quarter. Hantz Financial Services Inc. raised 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 buying an additional 1,306 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in Urban Edge Properties during the 3rd quarter worth approximately $52,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties Stock Performance

UE opened at $21.41 on Thursday. Urban Edge Properties has a 12-month low of $17.46 and a 12-month high of $21.87. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $2.70 billion, a PE ratio of 28.54 and a beta of 1.02. The firm has a 50 day moving average of $20.68 and a two-hundred day moving average of $19.82.

Urban Edge Properties (NYSE:UE) last posted 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). The firm 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. On average, analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a dividend of $0.21 per share. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. Urban Edge Properties’s payout ratio is presently 112.00%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UE shares. Weiss Ratings raised shares of Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Morgan Stanley raised 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 research report on Monday, January 5th. Finally, UBS Group reduced their price target on shares of 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 equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Urban Edge Properties has a consensus rating of “Hold” and an average price target of $22.00.

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.