New York State Teachers Retirement System Sells 2,503 Shares of Urban Edge Properties $UE

New York State Teachers Retirement System decreased its holdings in shares of Urban Edge Properties (NYSE:UE) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,453 shares of the real estate investment trust’s stock after selling 2,503 shares during the quarter. New York State Teachers Retirement System’s holdings in Urban Edge Properties were worth $3,461,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its position in Urban Edge Properties by 50.3% during the second quarter. CWM LLC now owns 3,494 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 1,169 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Urban Edge Properties by 24.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,886 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 2,714 shares during the last quarter. ZWJ Investment Counsel Inc. bought a new stake in Urban Edge Properties during the second quarter valued at approximately $208,000. State of Alaska Department of Revenue lifted its position in Urban Edge Properties by 4.6% during the second quarter. State of Alaska Department of Revenue now owns 136,561 shares of the real estate investment trust’s stock valued at $2,547,000 after purchasing an additional 5,983 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Urban Edge Properties by 2.4% during the second quarter. Public Employees Retirement System of Ohio now owns 318,584 shares of the real estate investment trust’s stock valued at $5,945,000 after purchasing an additional 7,376 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Urban Edge Properties Stock Performance

Shares of UE stock opened at $20.03 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.39 and a current ratio of 2.39. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $23.85. The stock has a 50 day moving average price of $20.26 and a two-hundred day moving average price of $19.17. The company has a market capitalization of $2.52 billion, a P/E ratio of 23.85 and a beta of 1.26.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. Urban Edge Properties had a return on equity of 7.74% and a net margin of 22.86%.The firm had revenue of $113.91 million during the quarter, compared to the consensus estimate of $115.99 million. Urban Edge Properties has set its FY 2025 guidance at 1.400-1.440 EPS. Analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.76 annualized dividend and a dividend yield of 3.8%. Urban Edge Properties’s payout ratio is 90.48%.

Analysts Set New Price Targets

UE has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Urban Edge Properties in a research report on Wednesday, October 8th. LADENBURG THALM/SH SH began coverage on 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 target price on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Wall Street Zen upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Morgan Stanley boosted their target price on Urban Edge Properties from $20.00 to $21.00 and gave the stock 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 three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.25.

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.