Readystate Asset Management LP Takes Position in Urban Edge Properties $UE

Readystate Asset Management LP acquired a new position in shares of Urban Edge Properties (NYSE:UE) during the second quarter, HoldingsChannel reports. The firm acquired 46,110 shares of the real estate investment trust’s stock, valued at approximately $1,055,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in UE. Nykredit A S acquired a new position in Urban Edge Properties in the 2nd quarter worth $72,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Urban Edge Properties during the second quarter worth about $365,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Urban Edge Properties by 2.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 689,696 shares of the real estate investment trust’s stock valued at $15,780,000 after buying an additional 16,867 shares during the last quarter. Hsbc Holdings PLC raised its position in Urban Edge Properties by 5.5% in the 2nd quarter. Hsbc Holdings PLC now owns 245,014 shares of the real estate investment trust’s stock valued at $5,605,000 after buying an additional 12,719 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Urban Edge Properties in the 2nd quarter valued at approximately $6,403,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties Price Performance

Shares of NYSE UE opened at $21.00 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.57 and a quick ratio of 1.57. The business has a 50-day moving average of $22.28 and a 200-day moving average of $21.82. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 38.89 and a beta of 0.97. Urban Edge Properties has a fifty-two week low of $18.46 and a fifty-two week high of $24.11.

Urban Edge Properties (NYSE:UE) last released its 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. Urban Edge Properties had a return on equity of 4.92% and a net margin of 13.72%.The business had revenue of $122.78 million for the quarter, compared to analyst estimates of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. As a group, sell-side analysts predict that Urban Edge Properties will post 1.52 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.84 annualized dividend and a dividend yield of 4.0%. Urban Edge Properties’s payout ratio is 155.56%.

Wall Street Analyst Weigh In

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

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.