Vanguard Group Inc. Sells 118,670 Shares of Urban Edge Properties $UE

Vanguard Group Inc. cut its stake in shares of Urban Edge Properties (NYSE:UE) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,445,140 shares of the real estate investment trust’s stock after selling 118,670 shares during the quarter. Vanguard Group Inc. owned approximately 16.25% of Urban Edge Properties worth $418,512,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Urban Edge Properties by 426.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,071 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Urban Edge Properties by 45.3% in the third quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 593 shares during the last quarter. Hantz Financial Services Inc. increased its position in Urban Edge Properties by 137.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,306 shares during the period. CWM LLC increased its position in Urban Edge Properties by 50.3% during the 2nd quarter. CWM LLC now owns 3,494 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 1,169 shares during the period. Finally, MAI Capital Management bought a new position in Urban Edge Properties during the 2nd quarter worth approximately $66,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Trading Up 1.5%

UE opened at $21.31 on Friday. The company has a fifty day moving average price of $19.74 and a two-hundred day moving average price of $19.79. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $21.87. The company has a market cap of $2.68 billion, a P/E ratio of 28.41 and a beta of 1.06. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.17.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). Urban Edge Properties had a return on equity of 6.79% and a net margin of 19.82%.The company had revenue of $119.56 million for the quarter, compared to the consensus estimate of $103.64 million. Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. Analysts predict that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.9%. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, March 13th. Urban Edge Properties’s payout ratio is 101.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group reduced their price objective on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Morgan Stanley upped their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Finally, Weiss Ratings lowered Urban Edge Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating and five 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 target price of $22.00.

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.