Quantbot Technologies LP Takes Position in Urban Edge Properties $UE

Quantbot Technologies LP purchased a new position in shares of Urban Edge Properties (NYSE:UE) in the 2nd quarter, Holdings Channel reports. The fund purchased 42,414 shares of the real estate investment trust’s stock, valued at approximately $970,000.

Several other hedge funds have also recently bought and sold shares of UE. GAMMA Investing LLC grew its position in Urban Edge Properties by 6.9% in the 2nd quarter. GAMMA Investing LLC now owns 7,251 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 471 shares during the last quarter. Amundi boosted its position in shares of Urban Edge Properties by 0.6% during the fourth quarter. Amundi now owns 86,306 shares of the real estate investment trust’s stock worth $1,656,000 after buying an additional 535 shares during the period. ProShare Advisors LLC boosted its position in shares of Urban Edge Properties by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 24,728 shares of the real estate investment trust’s stock worth $475,000 after buying an additional 776 shares during the period. Handelsbanken Fonder AB increased its position in Urban Edge Properties by 1.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 44,590 shares of the real estate investment trust’s stock valued at $1,020,000 after acquiring an additional 800 shares during the period. Finally, California State Teachers Retirement System increased its position in Urban Edge Properties by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 112,542 shares of the real estate investment trust’s stock valued at $2,100,000 after acquiring an additional 816 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Trading Down 1.1%

Urban Edge Properties stock opened at $21.49 on Thursday. The firm has a 50 day simple moving average of $22.54 and a 200-day simple moving average of $21.80. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $2.71 billion, a PE ratio of 39.80 and a beta of 0.98. Urban Edge Properties has a 12-month low of $18.46 and a 12-month high of $24.11.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $122.78 million for 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. As a group, equities research analysts expect that Urban Edge Properties will post 1.52 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, September 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. Urban Edge Properties’s dividend payout ratio (DPR) is 155.56%.

Wall Street Analyst Weigh In

UE has been the subject of several recent analyst reports. UBS Group increased their price target on Urban Edge Properties from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Weiss Ratings cut shares of Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, BTIG Research restated a “buy” rating and set a $25.00 price objective on shares of Urban Edge Properties in a research note on Friday, June 12th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.20.

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.