Urban Edge Properties $UE Shares Bought by Strs Ohio

Strs Ohio grew its stake in shares of Urban Edge Properties (NYSE:UE) by 65.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 169,300 shares of the real estate investment trust’s stock after purchasing an additional 67,200 shares during the quarter. Strs Ohio’s holdings in Urban Edge Properties were worth $3,383,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Urban Edge Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust’s stock worth $1,424,000 after purchasing an additional 3,276 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in 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 buying an additional 58,350 shares during the last quarter. Jane Street Group LLC bought a new position in Urban Edge Properties during the 1st quarter worth $5,076,000. New York State Common Retirement Fund increased its position in Urban Edge Properties by 15.1% in the second quarter. New York State Common Retirement Fund now owns 42,670 shares of the real estate investment trust’s stock worth $796,000 after buying an additional 5,600 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Urban Edge Properties by 21.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 350,300 shares of the real estate investment trust’s stock worth $6,537,000 after buying an additional 62,820 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UE shares. Weiss Ratings raised shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. UBS Group upped their price target on shares of Urban Edge Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Urban Edge Properties in a report on Friday, June 12th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Urban Edge Properties currently has an average rating of “Hold” and an average target price of $22.80.

Urban Edge Properties Stock Performance

Shares of NYSE UE traded up $0.44 during midday trading on Tuesday, hitting $23.05. 22,126 shares of the company’s stock were exchanged, compared to its average volume of 959,213. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.08 and a quick ratio of 2.08. The stock’s 50 day moving average price is $22.44 and its 200-day moving average price is $20.97. The firm has a market cap of $2.90 billion, a P/E ratio of 26.78 and a beta of 0.97. Urban Edge Properties has a twelve month low of $18.44 and a twelve month high of $24.11.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 EPS for the quarter, beating the consensus estimate of $0.12 by $0.06. The firm had revenue of $132.62 million for the quarter, compared to analysts’ expectations of $119.45 million. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. Equities research analysts anticipate that Urban Edge Properties will post 1.49 EPS for the current year.

Urban Edge Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. Urban Edge Properties’s dividend payout ratio is presently 97.67%.

Insider Activity at Urban Edge Properties

In other news, CEO Jeffrey S. Olson sold 161,553 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $21.73, for a total transaction of $3,510,546.69. Following the transaction, the chief executive officer directly owned 22,699 shares of the company’s stock, valued at approximately $493,249.27. This trade represents a 87.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

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.