Nomura Asset Management Co. Ltd. Purchases 8,100 Shares of Urban Edge Properties $UE

Nomura Asset Management Co. Ltd. boosted its position in Urban Edge Properties (NYSE:UE) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,430 shares of the real estate investment trust’s stock after buying an additional 8,100 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.14% of Urban Edge Properties worth $3,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Urban Edge Properties by 1.9% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 73,372 shares of the real estate investment trust’s stock valued at $1,369,000 after purchasing an additional 1,365 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Urban Edge Properties by 3.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 72,946 shares of the real estate investment trust’s stock worth $1,361,000 after purchasing an additional 2,262 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in Urban Edge Properties by 5.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 28,757 shares of the real estate investment trust’s stock worth $537,000 after purchasing an additional 1,405 shares during the last quarter. Geode Capital Management LLC boosted its position in Urban Edge Properties by 1.4% during the second quarter. Geode Capital Management LLC now owns 3,351,775 shares of the real estate investment trust’s stock valued at $62,552,000 after buying an additional 46,714 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Urban Edge Properties by 19.3% during the second quarter. PNC Financial Services Group Inc. now owns 7,025 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 1,136 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. LADENBURG THALM/SH SH initiated coverage on Urban Edge Properties in a research report on Tuesday, September 9th. They set a “neutral” rating and a $23.00 price target on the stock. BTIG Research started coverage on Urban Edge Properties in a research report on Monday, August 11th. They issued a “buy” rating and a $23.00 price objective for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Urban Edge Properties in a research note on Wednesday. Finally, Evercore ISI raised their target price on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Urban Edge Properties currently has an average rating of “Hold” and an average price target of $22.00.

Urban Edge Properties Trading Up 2.6%

NYSE UE opened at $19.06 on Friday. The stock has a market cap of $2.40 billion, a P/E ratio of 21.41 and a beta of 1.25. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $23.60. The stock has a 50 day simple moving average of $19.71 and a two-hundred day simple moving average of $19.41. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.61 and a current 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Urban Edge Properties had a return on equity of 8.10% and a net margin of 23.73%.The firm had revenue of $120.13 million for the quarter, compared to analysts’ expectations of $117.85 million. Urban Edge Properties has set its FY 2025 guidance at 1.420-1.440 EPS. On average, analysts forecast that Urban Edge Properties will post 1.4 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, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.19 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.76 annualized dividend and a yield of 4.0%. Urban Edge Properties’s dividend payout ratio is 85.39%.

Urban Edge Properties 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.