Intech Investment Management LLC Sells 28,720 Shares of Urban Edge Properties $UE

Intech Investment Management LLC lessened its stake in shares of Urban Edge Properties (NYSE:UE) by 28.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 73,177 shares of the real estate investment trust’s stock after selling 28,720 shares during the period. Intech Investment Management LLC’s holdings in Urban Edge Properties were worth $1,365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cubist Systematic Strategies LLC raised its stake in shares of Urban Edge Properties by 1,194.7% in the first quarter. Cubist Systematic Strategies LLC now owns 145,625 shares of the real estate investment trust’s stock valued at $2,767,000 after acquiring an additional 134,377 shares during the period. Adage Capital Partners GP L.L.C. purchased a new stake in Urban Edge Properties in the 1st quarter worth about $1,900,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Urban Edge Properties in the 2nd quarter worth about $2,032,000. Wealth Enhancement Advisory Services LLC lifted its stake in Urban Edge Properties by 44.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 50,921 shares of the real estate investment trust’s stock worth $969,000 after purchasing an additional 15,621 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Urban Edge Properties during the first quarter valued at approximately $316,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Evercore ISI increased their price target on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Morgan Stanley upped their price objective on Urban Edge Properties from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 24th. Wall Street Zen upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Urban Edge Properties in a research note on Wednesday. Finally, BTIG Research started coverage on shares of Urban Edge Properties in a research note on Monday, August 11th. They issued a “buy” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.00.

Urban Edge Properties Stock Performance

UE stock opened at $19.06 on Monday. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $23.60. The business has a 50-day moving average price of $19.71 and a 200 day moving average price of $19.43. The company has a market capitalization of $2.40 billion, a P/E ratio of 21.41 and a beta of 1.25. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.61 and a quick ratio of 2.61.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Urban Edge Properties had a net margin of 23.73% and a return on equity of 8.10%. The business had revenue of $120.13 million for the quarter, compared to the consensus estimate of $117.85 million. Urban Edge Properties has set its FY 2025 guidance at 1.420-1.440 EPS. As a group, equities research analysts forecast that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, December 15th. Urban Edge Properties’s payout ratio is presently 85.39%.

Urban Edge Properties Company Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.