Corient Private Wealth LP Makes New $2.28 Million Investment in Urban Edge Properties $UE

Corient Private Wealth LP bought a new stake in shares of Urban Edge Properties (NYSE:UE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 99,554 shares of the real estate investment trust’s stock, valued at approximately $2,278,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Urban Edge Properties in the second quarter worth approximately $523,715,000. State Street Corp lifted its position in 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 purchasing an additional 92,101 shares during the period. Wellington Management Group LLP lifted its position in Urban Edge Properties by 1.8% during the fourth quarter. Wellington Management Group LLP now owns 4,606,296 shares of the real estate investment trust’s stock valued at $88,395,000 after purchasing an additional 82,594 shares during the period. Jennison Associates LLC boosted its holdings in Urban Edge Properties by 72.2% in the first quarter. Jennison Associates LLC now owns 4,585,256 shares of the real estate investment trust’s stock worth $91,613,000 after purchasing an additional 1,923,202 shares during the last quarter. Finally, Resolution Capital Ltd boosted its holdings in Urban Edge Properties by 74.1% in the first 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 last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

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

Urban Edge Properties Price Performance

Shares of Urban Edge Properties stock opened at $21.34 on Thursday. Urban Edge Properties has a one year low of $18.46 and a one year high of $24.11. The stock’s fifty day moving average is $22.42 and its 200 day moving average is $21.81. The stock has a market cap of $2.69 billion, a P/E ratio of 39.51 and a beta of 0.97. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.57 and a current ratio of 1.57.

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 for the quarter, beating 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 company had revenue of $122.78 million for the quarter, compared to the consensus estimate of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. Sell-side analysts anticipate that Urban Edge Properties will post 1.52 earnings per share for the current year.

Urban Edge Properties Announces Dividend

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

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.