Metis Global Partners LLC Has $388,000 Stake in Urban Edge Properties $UE

Metis Global Partners LLC boosted its position in shares of Urban Edge Properties (NYSE:UE) by 30.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,776 shares of the real estate investment trust’s stock after purchasing an additional 4,878 shares during the period. Metis Global Partners LLC’s holdings in Urban Edge Properties were worth $388,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Nuveen LLC acquired a new stake in shares of Urban Edge Properties in the first quarter worth $30,837,000. Westwood Holdings Group Inc. lifted its stake in Urban Edge Properties by 35.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,945,310 shares of the real estate investment trust’s stock worth $74,961,000 after acquiring an additional 1,031,587 shares in the last quarter. Algert Global LLC lifted its stake in Urban Edge Properties by 872.7% in the 1st quarter. Algert Global LLC now owns 464,227 shares of the real estate investment trust’s stock worth $8,820,000 after acquiring an additional 416,502 shares in the last quarter. Vanguard Group Inc. boosted its position in Urban Edge Properties by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 20,299,913 shares of the real estate investment trust’s stock worth $385,698,000 after acquiring an additional 337,717 shares during the period. Finally, GW&K Investment Management LLC purchased a new position in Urban Edge Properties during the 1st quarter valued at about $5,511,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Price Performance

NYSE UE opened at $19.15 on Thursday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $2.41 billion, a PE ratio of 21.52 and a beta of 1.25. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $23.60. The company has a 50 day moving average price of $20.03 and a two-hundred day moving average price of $19.40.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate 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 company 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. As a group, equities analysts predict that Urban Edge Properties will post 1.4 earnings per share 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. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.0%. Urban Edge Properties’s payout ratio is currently 85.39%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UE. UBS Group initiated coverage on shares of Urban Edge Properties in a research report on Friday, October 24th. They issued a “neutral” rating and a $21.00 price target for the company. BTIG Research initiated 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 objective on the stock. LADENBURG THALM/SH SH started coverage on shares of Urban Edge Properties in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $23.00 target price for the company. Evercore ISI boosted their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Finally, Wall Street Zen raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.00.

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.