Louisiana State Employees Retirement System Buys Shares of 55,900 Urban Edge Properties $UE

Louisiana State Employees Retirement System purchased a new position in shares of Urban Edge Properties (NYSE:UE) during the first quarter, Holdings Channel.com reports. The fund purchased 55,900 shares of the real estate investment trust’s stock, valued at approximately $1,117,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in shares of Urban Edge Properties by 534.1% in the 1st quarter. SG Americas Securities LLC now owns 194,016 shares of the real estate investment trust’s stock worth $3,876,000 after acquiring an additional 163,421 shares during the period. Diversified Trust Co bought a new position in shares of Urban Edge Properties in the first quarter valued at approximately $694,000. Hsbc Holdings PLC increased its stake in shares of Urban Edge Properties by 9.0% during the fourth quarter. Hsbc Holdings PLC now owns 242,081 shares of the real estate investment trust’s stock valued at $4,646,000 after acquiring an additional 19,933 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Urban Edge Properties during the fourth quarter valued at approximately $205,000. Finally, Empowered Funds LLC bought a new stake in Urban Edge Properties during the fourth quarter worth approximately $78,000. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Stock Performance

NYSE:UE opened at $22.89 on Friday. Urban Edge Properties has a twelve month low of $18.44 and a twelve month high of $24.11. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.21. The company has a 50-day moving average of $22.42 and a 200-day moving average of $20.94. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 26.62 and a beta of 0.97.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company 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. Analysts forecast that Urban Edge Properties will post 1.49 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.21 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.84 annualized dividend and a yield of 3.7%. Urban Edge Properties’s payout ratio is 97.67%.

Wall Street Analyst Weigh In

UE has been the subject of a number of research analyst reports. BTIG Research restated a “buy” rating and issued a $25.00 target price on shares of Urban Edge Properties in a research report on Friday, June 12th. UBS Group lifted their price target on Urban Edge Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Finally, Weiss Ratings raised Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Two research 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.com, Urban Edge Properties presently has a consensus rating of “Hold” and an average price target of $22.80.

Insider Activity

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 161,553 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $21.73, for a total value of $3,510,546.69. Following the transaction, the chief executive officer owned 22,699 shares of the company’s stock, valued at approximately $493,249.27. This represents a 87.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

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.