Mitsubishi UFJ Asset Management Co. Ltd. Makes New $2.49 Million Investment in Urban Edge Properties $UE

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Urban Edge Properties (NYSE:UE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 108,633 shares of the real estate investment trust’s stock, valued at approximately $2,486,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of UE. Wellington Management Group LLP bought a new position in shares of Urban Edge Properties during the 3rd quarter worth approximately $92,600,000. Jennison Associates LLC raised its stake in Urban Edge Properties by 72.2% in the 1st quarter. Jennison Associates LLC now owns 4,585,256 shares of the real estate investment trust’s stock valued at $91,613,000 after acquiring an additional 1,923,202 shares during the period. Resolution Capital Ltd raised its stake in Urban Edge Properties by 74.1% in the 1st quarter. Resolution Capital Ltd now owns 3,940,938 shares of the real estate investment trust’s stock valued at $78,740,000 after acquiring an additional 1,677,531 shares during the period. Bank of New York Mellon Corp acquired a new stake in Urban Edge Properties during the 2nd quarter valued at $25,152,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Urban Edge Properties during the 4th quarter valued at $16,858,000. Institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

UE has been the topic of several research reports. UBS Group upped their price objective on shares of Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Weiss Ratings cut shares of Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, BTIG Research reaffirmed a “buy” rating and set a $25.00 target price on shares of Urban Edge Properties in a 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.20.

Urban Edge Properties Stock Down 0.6%

UE stock opened at $21.40 on Friday. Urban Edge Properties has a fifty-two week low of $18.46 and a fifty-two week high of $24.11. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 39.63 and a beta of 0.98. The business’s fifty day moving average price is $22.61 and its two-hundred day moving average price is $21.76.

Urban Edge Properties (NYSE:UE) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. The company had revenue of $122.78 million during the quarter, compared to analysts’ expectations of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. On average, equities analysts anticipate that Urban Edge Properties will post 1.52 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a yield of 3.9%. Urban Edge Properties’s payout ratio is currently 155.56%.

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.