Legal & General Group Plc Grows Position in Urban Edge Properties $UE

Legal & General Group Plc boosted its stake in Urban Edge Properties (NYSE:UE) by 15.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 874,244 shares of the real estate investment trust’s stock after buying an additional 115,850 shares during the quarter. Legal & General Group Plc’s holdings in Urban Edge Properties were worth $16,777,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Urban Edge Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust’s stock valued at $1,424,000 after purchasing an additional 3,276 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Urban Edge Properties by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 871,958 shares of the real estate investment trust’s stock valued at $16,567,000 after purchasing an additional 58,350 shares during the period. Jane Street Group LLC bought a new position in Urban Edge Properties in the 1st quarter valued at $5,076,000. New York State Common Retirement Fund grew its stake in Urban Edge Properties by 15.1% in the 2nd quarter. New York State Common Retirement Fund now owns 42,670 shares of the real estate investment trust’s stock valued at $796,000 after purchasing an additional 5,600 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Urban Edge Properties by 21.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 350,300 shares of the real estate investment trust’s stock valued at $6,537,000 after purchasing an additional 62,820 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UE shares. UBS Group upped their price objective on Urban Edge Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings upgraded Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Urban Edge Properties has a consensus rating of “Hold” and an average price target of $22.40.

Urban Edge Properties Stock Performance

NYSE:UE opened at $22.21 on Tuesday. The business’s 50-day moving average price is $21.36 and its two-hundred day moving average price is $20.30. Urban Edge Properties has a twelve month low of $17.87 and a twelve month high of $22.93. The stock has a market cap of $2.80 billion, a P/E ratio of 25.83 and a beta of 0.99. 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 released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating 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 firm had revenue of $132.62 million for the quarter, compared to analysts’ expectations of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. As a group, equities analysts predict that Urban Edge Properties will post 1.5 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.8%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 97.67%.

Insider Buying and Selling at Urban Edge Properties

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 19,034 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $21.62, for a total value of $411,515.08. Following the sale, the chief executive officer owned 3,665 shares of the company’s stock, valued at $79,237.30. This trade represents a 83.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by insiders.

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.