Virtus Advisers LLC Makes New $774,000 Investment in Urban Edge Properties $UE

Virtus Advisers LLC purchased a new stake in Urban Edge Properties (NYSE:UE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 33,829 shares of the real estate investment trust’s stock, valued at approximately $774,000.

Several other institutional investors have also modified their holdings of UE. EverSource Wealth Advisors LLC boosted its holdings in Urban Edge Properties by 426.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,071 shares during the period. Global Retirement Partners LLC increased its holdings in Urban Edge Properties by 2,108.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,307 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in Urban Edge Properties during the 3rd quarter worth about $52,000. State of Wyoming acquired a new stake in Urban Edge Properties in the 1st quarter valued at about $66,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Urban Edge Properties by 33.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,677 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 922 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Price Performance

Urban Edge Properties stock opened at $21.55 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.19. The company has a fifty day simple moving average of $22.66 and a 200-day simple moving average of $21.76. The stock has a market cap of $2.72 billion, a P/E ratio of 39.91 and a beta of 0.98. Urban Edge Properties has a 12-month low of $18.46 and a 12-month high of $24.11.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Urban Edge Properties had a return on equity of 4.92% and a net margin of 13.72%.The firm had revenue of $122.78 million for the quarter, compared to analyst estimates of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. Equities analysts expect that Urban Edge Properties will post 1.52 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.21 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%. Urban Edge Properties’s dividend payout ratio is presently 155.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group lifted their price objective on Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. BTIG Research restated a “buy” rating and set a $25.00 target price on shares of Urban Edge Properties in a research note on Friday, June 12th. Finally, Weiss Ratings cut shares of Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $23.20.

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.