AlphaQuest LLC Grows Holdings in Urban Edge Properties $UE

AlphaQuest LLC grew its holdings in shares of Urban Edge Properties (NYSE:UE) by 314.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,551 shares of the real estate investment trust’s stock after buying an additional 13,321 shares during the quarter. AlphaQuest LLC’s holdings in Urban Edge Properties were worth $328,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC boosted its stake in shares of Urban Edge Properties by 50.3% during the 2nd quarter. CWM LLC now owns 3,494 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 1,169 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Urban Edge Properties during the 1st quarter valued at approximately $79,000. GAMMA Investing LLC boosted its stake in shares of Urban Edge Properties by 85.8% during the 2nd quarter. GAMMA Investing LLC now owns 5,744 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 2,653 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Urban Edge Properties during the 1st quarter valued at approximately $118,000. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Urban Edge Properties during the 2nd quarter valued at approximately $153,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties Price Performance

Shares of NYSE UE opened at $19.38 on Friday. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $23.85. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.61 and a quick ratio of 2.39. The business’s fifty day moving average price is $20.33 and its two-hundred day moving average price is $19.33. The firm has a market capitalization of $2.44 billion, a PE ratio of 21.77 and a beta of 1.26.

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. Urban Edge Properties had a return on equity of 8.10% and a net margin of 23.73%.The firm had revenue of $119.20 million for the quarter, compared to analyst estimates of $117.85 million. Urban Edge Properties has set its FY 2025 guidance at 1.420-1.440 EPS. On average, research analysts expect that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.76 annualized dividend and a yield of 3.9%. Urban Edge Properties’s dividend payout ratio (DPR) is currently 90.48%.

Analyst Ratings Changes

UE has been the topic of several research reports. UBS Group initiated coverage on Urban Edge Properties in a research report on Friday, October 24th. They set a “neutral” rating and a $21.00 price target on the stock. Wall Street Zen raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. BTIG Research initiated coverage on Urban Edge Properties in a research report on Monday, August 11th. They set a “buy” rating and a $23.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Urban Edge Properties in a research report on Wednesday, October 8th. Finally, Morgan Stanley upped their price target 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. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.00.

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.