Urban Edge Properties $UE Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC boosted its position in Urban Edge Properties (NYSE:UE) by 77.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,821 shares of the real estate investment trust’s stock after buying an additional 27,344 shares during the period. Wolverine Asset Management LLC’s holdings in Urban Edge Properties were worth $1,286,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in UE. SG Americas Securities LLC increased its stake in shares of Urban Edge Properties by 171.0% during the third quarter. SG Americas Securities LLC now owns 29,332 shares of the real estate investment trust’s stock worth $600,000 after acquiring an additional 18,507 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in Urban Edge Properties by 11.4% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 27,400 shares of the real estate investment trust’s stock valued at $561,000 after purchasing an additional 2,800 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Urban Edge Properties by 4.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 189,502 shares of the real estate investment trust’s stock worth $3,879,000 after purchasing an additional 7,851 shares during the period. CWM LLC lifted its holdings in shares of Urban Edge Properties by 127.1% in the 3rd quarter. CWM LLC now owns 7,936 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 4,442 shares during the period. Finally, ZWJ Investment Counsel Inc. boosted its stake in shares of Urban Edge Properties by 8.4% in the third quarter. ZWJ Investment Counsel Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 935 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on UE shares. UBS Group dropped their price objective on Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Weiss Ratings upgraded shares of Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Finally, Morgan Stanley raised their price objective on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.00.

Urban Edge Properties Price Performance

Urban Edge Properties stock opened at $18.97 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $2.39 billion, a PE ratio of 21.31 and a beta of 1.04. The firm’s 50-day simple moving average is $19.13 and its 200 day simple moving average is $19.62. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $21.73.

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

Urban Edge Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.76 annualized dividend and a yield of 4.0%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 85.39%.

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.