Hsbc Holdings PLC Has $3.62 Million Stock Position in Urban Edge Properties $UE

Hsbc Holdings PLC grew its holdings in shares of Urban Edge Properties (NYSE:UE) by 49.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 194,488 shares of the real estate investment trust’s stock after purchasing an additional 64,560 shares during the quarter. Hsbc Holdings PLC’s holdings in Urban Edge Properties were worth $3,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of UE. XTX Topco Ltd bought a new position in Urban Edge Properties during the first quarter valued at about $316,000. New Age Alpha Advisors LLC acquired a new position in shares of Urban Edge Properties during the 1st quarter valued at about $411,000. Vanguard Group Inc. increased its holdings in shares of Urban Edge Properties by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 20,299,913 shares of the real estate investment trust’s stock valued at $385,698,000 after acquiring an additional 337,717 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Urban Edge Properties by 8.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 88,971 shares of the real estate investment trust’s stock valued at $1,690,000 after acquiring an additional 6,800 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Urban Edge Properties by 1.4% in the 1st quarter. Swiss National Bank now owns 241,909 shares of the real estate investment trust’s stock worth $4,596,000 after purchasing an additional 3,300 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on UE shares. BTIG Research started coverage on Urban Edge Properties in a report on Monday, August 11th. They set a “buy” rating and a $23.00 price target on the stock. LADENBURG THALM/SH SH started coverage on shares of Urban Edge Properties in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $23.00 target price on the stock. Morgan Stanley boosted their target price on shares of Urban Edge Properties from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 24th. UBS Group assumed coverage on shares of Urban Edge Properties in a report on Friday, October 24th. They set a “neutral” rating and a $21.00 price target for the company. Finally, Evercore ISI lifted their price objective on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.00.

Urban Edge Properties Price Performance

NYSE:UE opened at $19.26 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.61 and a quick ratio of 2.61. Urban Edge Properties has a one year low of $15.66 and a one year high of $22.96. The company has a fifty day moving average price of $19.47 and a 200 day moving average price of $19.45. The stock has a market cap of $2.42 billion, a P/E ratio of 21.64 and a beta of 1.04.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $120.13 million for the quarter, compared to the consensus estimate of $117.85 million. Urban Edge Properties had a net margin of 23.73% and a return on equity of 8.10%. Urban Edge Properties has set its FY 2025 guidance at 1.420-1.440 EPS. Analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, December 15th. Urban Edge Properties’s payout ratio is currently 85.39%.

Urban Edge Properties Company Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.