Wolverine Asset Management LLC Acquires 30,619 Shares of Urban Edge Properties $UE

Wolverine Asset Management LLC raised its holdings in shares of Urban Edge Properties (NYSE:UE) by 48.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,440 shares of the real estate investment trust’s stock after acquiring an additional 30,619 shares during the quarter. Wolverine Asset Management LLC’s holdings in Urban Edge Properties were worth $1,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in shares of Urban Edge Properties by 426.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,071 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Urban Edge Properties during the third quarter valued at about $35,000. Smartleaf Asset Management LLC increased its position in shares of Urban Edge Properties by 45.3% during 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 buying an additional 593 shares during the period. Hantz Financial Services Inc. increased its position in shares of Urban Edge Properties by 137.8% during the third quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,306 shares during the period. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of Urban Edge Properties during the third quarter valued at about $52,000. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Stock Up 1.0%

UE opened at $21.88 on Wednesday. The stock has a market cap of $2.76 billion, a PE ratio of 25.44 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 has a 52 week low of $17.46 and a 52 week high of $22.26. The business’s fifty day simple moving average is $20.90 and its 200 day simple moving average is $19.98.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The business had revenue of $132.62 million for the quarter, compared to analysts’ expectations of $119.45 million. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. As a group, research analysts expect that Urban Edge Properties will post 1.5 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a $0.21 dividend. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, March 13th. Urban Edge Properties’s payout ratio is currently 97.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UE. Weiss Ratings upgraded Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. UBS Group decreased their price target on Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.00.

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.