Summit Global Investments Grows Stake in Urban Edge Properties $UE

Summit Global Investments increased its position in Urban Edge Properties (NYSE:UE) by 288.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,332 shares of the real estate investment trust’s stock after acquiring an additional 32,921 shares during the period. Summit Global Investments’ holdings in Urban Edge Properties were worth $886,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Amundi lifted its holdings in Urban Edge Properties by 0.6% in the fourth quarter. Amundi now owns 86,306 shares of the real estate investment trust’s stock valued at $1,656,000 after acquiring an additional 535 shares during the period. ProShare Advisors LLC grew its stake in shares of Urban Edge Properties by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 24,728 shares of the real estate investment trust’s stock valued at $475,000 after purchasing an additional 776 shares during the period. California State Teachers Retirement System grew its stake in shares of Urban Edge Properties by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 112,542 shares of the real estate investment trust’s stock valued at $2,100,000 after purchasing an additional 816 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Urban Edge Properties by 12.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,470 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 906 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Urban Edge Properties by 33.5% during 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 during the last quarter. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Stock Up 0.2%

UE stock opened at $23.57 on Wednesday. The business’s 50-day moving average price is $22.72 and its 200-day moving average price is $21.26. The stock has a market cap of $2.97 billion, a P/E ratio of 27.41 and a beta of 0.97. Urban Edge Properties has a twelve month low of $18.46 and a twelve month high of $24.11. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.21.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. The business 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, equities research analysts forecast that Urban Edge Properties will post 1.49 EPS for the current year.

Urban Edge Properties Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.6%. Urban Edge Properties’s dividend payout ratio is 97.67%.

Insider Buying and Selling at Urban Edge Properties

In related news, CEO Jeffrey S. Olson sold 161,553 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer owned 22,699 shares in the company, valued at approximately $493,249.27. This trade represents a 87.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on UE shares. Weiss Ratings upgraded shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. UBS Group boosted their target price on shares of Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, BTIG Research reiterated a “buy” rating and issued a $25.00 price target 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $23.20.

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.