Jefferies Financial Group Inc. Has $628,000 Holdings in Urban Edge Properties $UE

Jefferies Financial Group Inc. lessened its stake in Urban Edge Properties (NYSE:UE) by 40.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,749 shares of the real estate investment trust’s stock after selling 22,451 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Urban Edge Properties were worth $628,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew 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 valued at $137,984,000 after acquiring an additional 92,101 shares during the last quarter. Wellington Management Group LLP bought a new position in Urban Edge Properties in the third quarter valued at about $92,600,000. Jennison Associates LLC grew its position in Urban Edge Properties by 3.7% in the fourth quarter. Jennison Associates LLC now owns 2,662,054 shares of the real estate investment trust’s stock valued at $51,085,000 after acquiring an additional 95,007 shares during the last quarter. Resolution Capital Ltd grew its position in Urban Edge Properties by 11.8% in the second quarter. Resolution Capital Ltd now owns 2,475,155 shares of the real estate investment trust’s stock valued at $46,186,000 after acquiring an additional 262,167 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Urban Edge Properties by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,812,094 shares of the real estate investment trust’s stock valued at $37,092,000 after acquiring an additional 8,709 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UE shares. Weiss Ratings upgraded Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. UBS Group lifted their target price on Urban Edge Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Urban Edge Properties presently has an average rating of “Hold” and a consensus price target of $22.40.

Urban Edge Properties Stock Performance

Urban Edge Properties stock opened at $22.45 on Friday. Urban Edge Properties has a 12-month low of $17.87 and a 12-month high of $22.93. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.21. The business’s 50-day moving average price is $21.33 and its two-hundred day moving average price is $20.27. The stock has a market cap of $2.83 billion, a PE ratio of 26.10 and a beta of 0.99.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. The company 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. As a group, analysts expect that Urban Edge Properties will post 1.5 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, June 15th. Urban Edge Properties’s payout ratio is 97.67%.

Insider Buying and Selling at Urban Edge Properties

In other news, CEO Jeffrey S. Olson sold 19,034 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $21.62, for a total transaction of $411,515.08. Following the sale, the chief executive officer directly owned 3,665 shares in the company, valued at approximately $79,237.30. The trade was a 83.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

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.