Wolverine Asset Management LLC Buys 30,619 Shares of Urban Edge Properties $UE

Wolverine Asset Management LLC raised its stake in shares of Urban Edge Properties (NYSE:UE) by 48.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,440 shares of the real estate investment trust’s stock after acquiring an additional 30,619 shares during the period. Wolverine Asset Management LLC owned about 0.07% of Urban Edge Properties worth $1,793,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UE. Wellington Management Group LLP bought a new position in Urban Edge Properties during the 3rd quarter valued at $92,600,000. Bayhunt Capital LLC bought a new position in shares of Urban Edge Properties during the 4th quarter worth approximately $10,430,000. American Century Companies Inc. lifted its position in shares of Urban Edge Properties by 44.4% during the 3rd quarter. American Century Companies Inc. now owns 1,320,089 shares of the real estate investment trust’s stock worth $27,022,000 after buying an additional 405,723 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Urban Edge Properties by 30.1% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,746,238 shares of the real estate investment trust’s stock worth $35,745,000 after buying an additional 403,813 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Urban Edge Properties during the 1st quarter worth approximately $5,076,000. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Trading Up 1.0%

NYSE:UE opened at $21.88 on Wednesday. Urban Edge Properties has a 12 month low of $17.46 and a 12 month high of $22.26. The firm’s 50 day moving average is $20.90 and its 200 day moving average is $19.98. The stock has a market capitalization of $2.76 billion, a PE ratio of 25.44 and a beta of 0.99. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.21.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.The business had revenue of $132.62 million for the quarter, compared to analysts’ expectations of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Sell-side analysts expect that Urban Edge Properties will post 1.5 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a $0.21 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.19. Urban Edge Properties’s dividend payout ratio (DPR) is presently 97.67%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group dropped their target price on shares of 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. Weiss Ratings raised shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Urban Edge Properties presently has an average rating of “Hold” and a consensus price target of $22.00.

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.