UBS Group AG Sells 359,509 Shares of Urban Edge Properties $UE

UBS Group AG trimmed its holdings in shares of Urban Edge Properties (NYSE:UE) by 53.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 314,097 shares of the real estate investment trust’s stock after selling 359,509 shares during the period. UBS Group AG’s holdings in Urban Edge Properties were worth $6,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. State Street Corp boosted its position in Urban Edge Properties by 1.3% in the second 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 purchased a new stake in shares of Urban Edge Properties during the 3rd quarter valued at $92,600,000. Resolution Capital Ltd raised its stake in shares of Urban Edge Properties by 11.8% during the 2nd quarter. Resolution Capital Ltd now owns 2,475,155 shares of the real estate investment trust’s stock worth $46,186,000 after purchasing an additional 262,167 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Urban Edge Properties by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,812,094 shares of the real estate investment trust’s stock worth $37,092,000 after purchasing an additional 8,709 shares during the period. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Urban Edge Properties by 30.1% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,746,238 shares of the real estate investment trust’s stock worth $35,745,000 after buying an additional 403,813 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UE has been the subject of several research reports. UBS Group increased their price target on shares of Urban Edge Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday. Weiss Ratings raised shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.40.

Urban Edge Properties Stock Performance

NYSE:UE opened at $21.95 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.08 and a quick ratio of 2.08. The business has a fifty day simple moving average of $21.08 and a two-hundred day simple moving average of $20.11. Urban Edge Properties has a 1 year low of $17.46 and a 1 year high of $22.26. The company has a market capitalization of $2.77 billion, a P/E ratio of 25.53 and a beta of 0.99.

Urban Edge Properties (NYSE:UE) last issued its quarterly 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 firm 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. On average, analysts expect that Urban Edge Properties will post 1.5 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 Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.84 annualized dividend and a yield of 3.8%. Urban Edge Properties’s dividend payout ratio is 97.67%.

Insider Buying and Selling

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 19,034 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $21.62, for a total transaction of $411,515.08. Following the completion of the transaction, the chief executive officer owned 3,665 shares in the company, valued at $79,237.30. This trade represents a 83.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by company insiders.

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.