Urban Edge Properties $UE Stake Decreased by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in shares of Urban Edge Properties (NYSE:UE) by 64.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 972,219 shares of the real estate investment trust’s stock after selling 1,748,549 shares during the quarter. Wellington Management Group LLP’s holdings in Urban Edge Properties were worth $22,244,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UE. EverSource Wealth Advisors LLC boosted its position in shares of Urban Edge Properties by 426.7% during the 2nd 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 in the last quarter. Global Retirement Partners LLC raised its stake 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 valued at $26,000 after purchasing an additional 1,307 shares during the period. Allworth Financial LP acquired a new position in Urban Edge Properties during the second quarter valued at $29,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Urban Edge Properties in the third quarter worth approximately $52,000. Finally, State of Wyoming acquired a new stake in shares of Urban Edge Properties during the 1st quarter valued at $66,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. BTIG Research reiterated a “buy” rating and issued a $25.00 target price on shares of Urban Edge Properties in a research note on Friday, June 12th. UBS Group raised their target price on Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Weiss Ratings downgraded 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $23.20.

Urban Edge Properties Stock Performance

Shares of Urban Edge Properties stock opened at $21.00 on Friday. The firm has a 50 day simple moving average of $22.33 and a 200 day simple moving average of $21.81. The firm has a market cap of $2.65 billion, a P/E ratio of 38.89 and a beta of 0.97. Urban Edge Properties has a fifty-two week low of $18.46 and a fifty-two week high of $24.11. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.57 and a quick ratio of 1.57.

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

Urban Edge Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, September 15th. Urban Edge Properties’s dividend payout ratio is 155.56%.

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.