First Trust Advisors LP Lowers Stock Position in Urban Edge Properties $UE

First Trust Advisors LP trimmed its holdings in Urban Edge Properties (NYSE:UE) by 56.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,952 shares of the real estate investment trust’s stock after selling 46,105 shares during the quarter. First Trust Advisors LP’s holdings in Urban Edge Properties were worth $698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp grew its position in Urban Edge Properties by 1.3% during the 2nd quarter. State Street Corp now owns 7,394,625 shares of the real estate investment trust’s stock worth $137,984,000 after purchasing an additional 92,101 shares during the last quarter. Wellington Management Group LLP increased its stake in Urban Edge Properties by 1.8% in the fourth quarter. Wellington Management Group LLP now owns 4,606,296 shares of the real estate investment trust’s stock valued at $88,395,000 after purchasing an additional 82,594 shares during the period. Jennison Associates LLC raised its holdings in shares of Urban Edge Properties by 72.2% in the first quarter. Jennison Associates LLC now owns 4,585,256 shares of the real estate investment trust’s stock valued at $91,613,000 after buying an additional 1,923,202 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Urban Edge Properties by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 3,284,098 shares of the real estate investment trust’s stock worth $63,032,000 after buying an additional 14,361 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Urban Edge Properties by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,514,205 shares of the real estate investment trust’s stock worth $48,248,000 after buying an additional 104,973 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

UE has been the topic of several recent research reports. UBS Group boosted their price target on Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. BTIG Research reaffirmed a “buy” rating and set a $25.00 price objective on shares of Urban Edge Properties in a research report on Friday, June 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Urban Edge Properties in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Urban Edge Properties has an average rating of “Hold” and an average target price of $23.20.

Urban Edge Properties Trading Down 0.7%

Shares of Urban Edge Properties stock opened at $21.64 on Wednesday. Urban Edge Properties has a 52-week low of $18.46 and a 52-week high of $24.11. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.19. The company’s 50-day simple moving average is $22.84 and its 200-day simple moving average is $21.63. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 40.07 and a beta of 0.98.

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

Urban Edge Properties Announces Dividend

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