Hsbc Holdings PLC Invests $5.61 Million in Urban Edge Properties $UE

Hsbc Holdings PLC bought a new stake in Urban Edge Properties (NYSE:UE) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 245,014 shares of the real estate investment trust’s stock, valued at approximately $5,605,000.

Other large investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new position in shares of Urban Edge Properties during the second quarter valued at about $570,000. Legal & General Group Plc bought a new stake in Urban Edge Properties in the 2nd quarter worth about $17,780,000. The Manufacturers Life Insurance Company bought a new stake in Urban Edge Properties in the 2nd quarter worth about $1,402,000. Partners Capital Investment Group LLP purchased a new stake in Urban Edge Properties in the 2nd quarter valued at about $301,000. Finally, Quantbot Technologies LP purchased a new stake in Urban Edge Properties in the 2nd quarter valued at about $970,000. 94.94% of the stock is owned by institutional investors.

Urban Edge Properties Price Performance

Shares of NYSE:UE opened at $21.37 on Friday. The company’s 50-day moving average is $22.51 and its 200 day moving average is $21.80. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market capitalization of $2.70 billion, a P/E ratio of 39.57 and a beta of 0.98. Urban Edge Properties has a fifty-two week low of $18.46 and a fifty-two week high of $24.11.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Urban Edge Properties had a net margin of 13.72% and a return on equity of 4.92%. The company had revenue of $122.78 million during the quarter, compared to analyst estimates of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. On average, equities research analysts forecast that Urban Edge Properties will post 1.52 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Urban Edge Properties’s dividend payout ratio is currently 155.56%.

Wall Street Analysts Forecast Growth

Several research firms have commented on UE. BTIG Research reissued a “buy” rating and set a $25.00 target price on shares of Urban Edge Properties in a research report on Friday, June 12th. Weiss Ratings lowered Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, UBS Group increased their price target on Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.20.

About Urban Edge Properties

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.