May Hill Capital LLC Buys 24,186 Shares of Urban Edge Properties $UE

May Hill Capital LLC boosted its stake in Urban Edge Properties (NYSE:UE) by 110.9% in the fourth quarter, HoldingsChannel reports. The firm owned 45,992 shares of the real estate investment trust’s stock after acquiring an additional 24,186 shares during the period. May Hill Capital LLC’s holdings in Urban Edge Properties were worth $883,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp grew its position in Urban Edge Properties by 1.3% in the 2nd quarter. State Street Corp now owns 7,394,625 shares of the real estate investment trust’s stock worth $137,984,000 after purchasing an additional 92,101 shares during the period. Wellington Management Group LLP bought a new stake in Urban Edge Properties in the 3rd quarter worth approximately $92,600,000. Jennison Associates LLC grew its position in Urban Edge Properties by 3.7% in the 4th quarter. Jennison Associates LLC now owns 2,662,054 shares of the real estate investment trust’s stock worth $51,085,000 after purchasing an additional 95,007 shares during the period. Resolution Capital Ltd grew its position in Urban Edge Properties by 11.8% in the 2nd quarter. Resolution Capital Ltd now owns 2,475,155 shares of the real estate investment trust’s stock worth $46,186,000 after purchasing an additional 262,167 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Urban Edge Properties by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,812,094 shares of the real estate investment trust’s stock worth $37,092,000 after purchasing an additional 8,709 shares during the period. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Trading Down 1.5%

Shares of Urban Edge Properties stock opened at $21.25 on Friday. The company’s fifty day simple moving average is $21.00 and its 200-day simple moving average is $20.07. The stock has a market capitalization of $2.68 billion, a PE ratio of 24.70 and a beta of 0.99. Urban Edge Properties has a 1-year low of $17.46 and a 1-year high of $22.26. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.08 and a quick ratio of 2.08.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. The business had revenue of $132.62 million for the quarter, compared to analysts’ expectations 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. As a group, equities analysts anticipate that Urban Edge Properties will post 1.5 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, June 15th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 97.67%.

Insider Buying and Selling at Urban Edge Properties

In other news, CEO Jeffrey S. Olson sold 161,553 shares of Urban Edge Properties stock in a transaction on Friday, May 8th. The shares were sold at an average price of $21.73, for a total transaction of $3,510,546.69. Following the transaction, the chief executive officer owned 22,699 shares in the company, valued at $493,249.27. This trade represents a 87.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.00.

Urban Edge Properties Company 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.