Urban Edge Properties $UE Shares Bought by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP grew its position in Urban Edge Properties (NYSE:UE) by 47.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,949,069 shares of the real estate investment trust’s stock after acquiring an additional 624,645 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Urban Edge Properties were worth $36,370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of UE. Nuveen LLC acquired a new stake in Urban Edge Properties during the 1st quarter worth $30,837,000. Algert Global LLC raised its holdings in shares of Urban Edge Properties by 872.7% in the first quarter. Algert Global LLC now owns 464,227 shares of the real estate investment trust’s stock valued at $8,820,000 after buying an additional 416,502 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Urban Edge Properties by 1.7% during the first quarter. Vanguard Group Inc. now owns 20,299,913 shares of the real estate investment trust’s stock worth $385,698,000 after buying an additional 337,717 shares during the period. Jane Street Group LLC purchased a new position in shares of Urban Edge Properties during the first quarter worth about $5,076,000. Finally, Bank of America Corp DE grew its holdings in shares of Urban Edge Properties by 46.6% during the second quarter. Bank of America Corp DE now owns 657,241 shares of the real estate investment trust’s stock worth $12,264,000 after buying an additional 208,815 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Stock Up 1.2%

UE stock opened at $19.67 on Friday. Urban Edge Properties has a one year low of $15.66 and a one year high of $22.84. The company has a 50 day moving average price of $19.37 and a two-hundred day moving average price of $19.50. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a market capitalization of $2.48 billion, a P/E ratio of 22.10 and a beta of 1.04.

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

Urban Edge Properties Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 3.9%. Urban Edge Properties’s dividend payout ratio is presently 85.39%.

Wall Street Analysts Forecast Growth

UE has been the subject of several analyst reports. Evercore ISI upped their price objective on Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Morgan Stanley raised their price objective on shares of 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Urban Edge Properties in a research report on Monday. UBS Group began coverage on Urban Edge Properties in a research report on Friday, October 24th. They set a “neutral” rating and a $21.00 price target for the company. Finally, LADENBURG THALM/SH SH started coverage on Urban Edge Properties in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $23.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.

About Urban Edge Properties

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.