Urban Edge Properties $UE Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its holdings in shares of Urban Edge Properties (NYSE:UE) by 14.5% during the third quarter, Holdings Channel.com reports. The fund owned 490,689 shares of the real estate investment trust’s stock after acquiring an additional 61,979 shares during the period. Public Sector Pension Investment Board’s holdings in Urban Edge Properties were worth $10,044,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of UE. Allianz Asset Management GmbH lifted its position in Urban Edge Properties by 65.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 119,358 shares of the real estate investment trust’s stock worth $2,443,000 after acquiring an additional 47,393 shares during the period. Squarepoint Ops LLC raised its stake in shares of Urban Edge Properties by 62.7% in the second quarter. Squarepoint Ops LLC now owns 146,472 shares of the real estate investment trust’s stock worth $2,733,000 after purchasing an additional 56,422 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Urban Edge Properties during the second quarter worth about $2,032,000. Jennison Associates LLC lifted its holdings in shares of Urban Edge Properties by 2.6% during the second quarter. Jennison Associates LLC now owns 3,277,304 shares of the real estate investment trust’s stock worth $61,154,000 after purchasing an additional 84,256 shares during the period. Finally, Elo Mutual Pension Insurance Co purchased a new stake in Urban Edge Properties in the second quarter valued at approximately $615,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Urban Edge Properties Stock Performance

UE opened at $20.80 on Tuesday. The firm has a fifty day moving average price of $19.51 and a 200 day moving average price of $19.72. Urban Edge Properties has a 1 year low of $15.66 and a 1 year high of $21.87. The stock has a market cap of $2.62 billion, a P/E ratio of 27.73 and a beta of 1.06. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.74 and a quick ratio of 1.74.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.26). The firm had revenue of $119.56 million for the quarter, compared to analyst estimates of $103.64 million. Urban Edge Properties had a net margin of 19.82% and a return on equity of 6.79%. Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. Equities research analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.21 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.84 annualized dividend and a dividend yield of 4.0%. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.19. Urban Edge Properties’s dividend payout ratio (DPR) is presently 101.33%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Weiss Ratings lowered shares of Urban Edge Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 11th. UBS Group cut their price objective on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Finally, Morgan Stanley raised their target price on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.00.

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.