Diversified Trust Co Invests $694,000 in Urban Edge Properties $UE

Diversified Trust Co bought a new stake in shares of Urban Edge Properties (NYSE:UE) during the first quarter, Holdings Channel.com reports. The fund bought 34,736 shares of the real estate investment trust’s stock, valued at approximately $694,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC raised its holdings in Urban Edge Properties by 9.0% in the 4th quarter. Hsbc Holdings PLC now owns 242,081 shares of the real estate investment trust’s stock worth $4,646,000 after purchasing an additional 19,933 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in Urban Edge Properties during the fourth quarter worth approximately $205,000. Empowered Funds LLC acquired a new stake in Urban Edge Properties in the fourth quarter valued at approximately $78,000. Wellington Management Group LLP grew its holdings in Urban Edge Properties by 1.8% in the fourth quarter. Wellington Management Group LLP now owns 4,606,296 shares of the real estate investment trust’s stock valued at $88,395,000 after purchasing an additional 82,594 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Urban Edge Properties in the fourth quarter valued at approximately $16,858,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity at Urban Edge Properties

In related news, CEO Jeffrey S. Olson sold 19,034 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $21.62, for a total value of $411,515.08. Following the completion of the transaction, the chief executive officer directly owned 3,665 shares of the company’s stock, valued at approximately $79,237.30. This represents a 83.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on UE shares. UBS Group upped their target price on Urban Edge Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. 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. Finally, BTIG Research restated a “buy” rating and set a $25.00 price objective on shares of Urban Edge Properties in a research report on Friday, June 12th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.80.

Urban Edge Properties Trading Up 1.4%

UE stock opened at $23.25 on Thursday. 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 has a 12-month low of $18.36 and a 12-month high of $24.11. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 27.03 and a beta of 0.98. The business’s 50-day moving average is $22.21 and its 200 day moving average is $20.77.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.18 EPS for the quarter, topping the consensus estimate 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 company had revenue of $132.62 million during the quarter, compared to analyst estimates of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. On average, sell-side analysts anticipate that Urban Edge Properties will post 1.49 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, June 15th. Urban Edge Properties’s payout ratio is presently 97.67%.

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.