54,246 Shares in Urban Edge Properties $UE Acquired by MQS Management LLC

MQS Management LLC bought a new position in shares of Urban Edge Properties (NYSE:UE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,246 shares of the real estate investment trust’s stock, valued at approximately $1,041,000. Urban Edge Properties makes up approximately 0.6% of MQS Management LLC’s investment portfolio, making the stock its 12th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Urban Edge Properties by 426.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,071 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Urban Edge Properties by 2,108.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,307 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Urban Edge Properties during the third quarter worth approximately $35,000. Smartleaf Asset Management LLC raised its holdings in Urban Edge Properties by 45.3% during the third quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 593 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in Urban Edge Properties by 137.8% during the third quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,306 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Urban Edge Properties

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 161,553 shares of Urban Edge Properties stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $21.73, for a total value of $3,510,546.69. Following the transaction, the chief executive officer owned 22,699 shares in the company, valued at approximately $493,249.27. The trade was a 87.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.70% of the company’s stock.

Urban Edge Properties Trading Down 0.4%

Urban Edge Properties stock opened at $22.30 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 25.92 and a beta of 0.99. Urban Edge Properties has a 1 year low of $17.48 and a 1 year high of $22.53. The firm’s 50 day moving average price is $21.15 and its two-hundred day moving average price is $20.15.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. The firm had revenue of $132.62 million for the quarter, compared to analyst estimates of $119.45 million. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. On average, research analysts predict that Urban Edge Properties will post 1.5 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.21 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.84 annualized dividend and a yield of 3.8%. Urban Edge Properties’s payout ratio is 97.67%.

Analyst Ratings Changes

Several brokerages recently commented on UE. UBS Group boosted their target price on Urban Edge Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday. Weiss Ratings raised Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Urban Edge Properties has an average rating of “Hold” and an average target price of $22.40.

Urban Edge Properties Profile

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.