46,110 Shares in Urban Edge Properties $UE Purchased by Readystate Asset Management LP

Readystate Asset Management LP acquired a new position in shares of Urban Edge Properties (NYSE:UE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 46,110 shares of the real estate investment trust’s stock, valued at approximately $1,055,000.

A number of other large investors also recently added to or reduced their stakes in UE. BlackRock Inc. bought a new position in shares of Urban Edge Properties in the 2nd quarter valued at about $523,715,000. Wellington Management Group LLP acquired a new position in Urban Edge Properties in the third quarter valued at approximately $92,600,000. Jennison Associates LLC lifted its holdings in Urban Edge Properties by 72.2% in the first quarter. Jennison Associates LLC now owns 4,585,256 shares of the real estate investment trust’s stock valued at $91,613,000 after buying an additional 1,923,202 shares during the period. Resolution Capital Ltd boosted its stake in Urban Edge Properties by 74.1% in the first quarter. Resolution Capital Ltd now owns 3,940,938 shares of the real estate investment trust’s stock valued at $78,740,000 after acquiring an additional 1,677,531 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Urban Edge Properties in the second quarter valued at approximately $25,152,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties Trading Up 0.1%

Shares of NYSE UE opened at $21.00 on Tuesday. Urban Edge Properties has a twelve month low of $18.46 and a twelve month high of $24.11. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 38.89 and a beta of 0.97. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.19. The company’s fifty day moving average is $22.28 and its 200-day moving average is $21.82.

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

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.0%. Urban Edge Properties’s dividend payout ratio (DPR) is currently 155.56%.

Wall Street Analysts Forecast Growth

UE has been the subject of a number of analyst reports. BTIG Research reaffirmed a “buy” rating and set a $25.00 price objective on shares of Urban Edge Properties in a research note on Friday, June 12th. Weiss Ratings cut Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, UBS Group boosted their target price on Urban Edge Properties from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.