279,849 Shares in Urban Edge Properties $UE Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of Urban Edge Properties (NYSE:UE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 279,849 shares of the real estate investment trust’s stock, valued at approximately $6,403,000.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Urban Edge Properties during the 2nd quarter valued at approximately $523,715,000. State Street Corp boosted its stake in shares of Urban Edge Properties by 1.3% during the second quarter. State Street Corp now owns 7,394,625 shares of the real estate investment trust’s stock valued at $137,984,000 after acquiring an additional 92,101 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Urban Edge Properties by 1.8% during the 4th quarter. Wellington Management Group LLP now owns 4,606,296 shares of the real estate investment trust’s stock worth $88,395,000 after purchasing an additional 82,594 shares during the last quarter. Jennison Associates LLC grew its stake in Urban Edge Properties by 72.2% in the 1st quarter. Jennison Associates LLC now owns 4,585,256 shares of the real estate investment trust’s stock worth $91,613,000 after acquiring an additional 1,923,202 shares during the period. Finally, Resolution Capital Ltd lifted its stake in shares of Urban Edge Properties by 74.1% during the 1st quarter. Resolution Capital Ltd now owns 3,940,938 shares of the real estate investment trust’s stock worth $78,740,000 after purchasing an additional 1,677,531 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Urban Edge Properties Stock Up 1.0%

Shares of UE opened at $21.37 on Wednesday. Urban Edge Properties has a fifty-two week low of $18.46 and a fifty-two week high of $24.11. The company’s fifty day moving average is $22.45 and its two-hundred day moving average is $21.81. The firm has a market cap of $2.70 billion, a PE ratio of 39.57 and a beta of 0.98. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.19.

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

Urban Edge Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 15th. Urban Edge Properties’s dividend payout ratio (DPR) is 155.56%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UE. UBS Group upped their target price on Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. BTIG Research restated a “buy” rating and issued a $25.00 price target on shares of Urban Edge Properties in a report on Friday, June 12th. Finally, Weiss Ratings downgraded shares of Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.20.

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.