Jefferies Financial Group Inc. Takes Position in Urban Edge Properties $UE

Jefferies Financial Group Inc. acquired a new position in Urban Edge Properties (NYSE:UE) in the third quarter, Holdings Channel reports. The fund acquired 55,200 shares of the real estate investment trust’s stock, valued at approximately $1,130,000.

A number of other hedge funds also recently bought and sold shares of UE. EverSource Wealth Advisors LLC lifted 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 buying an additional 1,071 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Urban Edge Properties in the 3rd quarter valued at $35,000. Smartleaf Asset Management LLC raised its position in shares of Urban Edge Properties by 45.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 593 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Urban Edge Properties by 137.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,254 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,306 shares in the last quarter. Finally, MAI Capital Management purchased a new stake in shares of Urban Edge Properties during the 2nd quarter worth $66,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on UE shares. Morgan Stanley lifted their target price on Urban Edge Properties from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. UBS Group decreased their price target on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Finally, Weiss Ratings upgraded shares of Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.00.

Urban Edge Properties Stock Performance

Shares of UE opened at $20.60 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.17. The firm has a market cap of $2.59 billion, a PE ratio of 27.46 and a beta of 1.02. Urban Edge Properties has a 12 month low of $15.66 and a 12 month high of $21.87. The stock has a fifty day moving average price of $20.03 and a 200-day moving average price of $19.85.

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

Urban Edge Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, March 13th. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.1%. Urban Edge Properties’s payout ratio is presently 101.33%.

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.