Hsbc Holdings PLC Purchases Shares of 245,014 Urban Edge Properties $UE

Hsbc Holdings PLC purchased a new position in shares of Urban Edge Properties (NYSE:UE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 245,014 shares of the real estate investment trust’s stock, valued at approximately $5,605,000. Hsbc Holdings PLC owned approximately 0.19% of Urban Edge Properties as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of UE. BlackRock Inc. bought a new stake in Urban Edge Properties in the second quarter valued at $523,715,000. Wellington Management Group LLP acquired a new position in shares of Urban Edge Properties during the third quarter valued at about $92,600,000. Jennison Associates LLC boosted its position in shares of Urban Edge Properties by 72.2% during the 1st quarter. Jennison Associates LLC now owns 4,585,256 shares of the real estate investment trust’s stock worth $91,613,000 after purchasing an additional 1,923,202 shares in the last quarter. Resolution Capital Ltd boosted its position in shares of Urban Edge Properties by 74.1% during the 1st quarter. Resolution Capital Ltd now owns 3,940,938 shares of the real estate investment trust’s stock worth $78,740,000 after purchasing an additional 1,677,531 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Urban Edge Properties in the 2nd quarter valued at about $25,152,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UE shares. BTIG Research reaffirmed a “buy” rating and set a $25.00 price target on shares of Urban Edge Properties in a research note on Friday, June 12th. UBS Group raised their price objective on Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings downgraded Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.20.

Urban Edge Properties Stock Up 0.2%

Urban Edge Properties stock opened at $21.37 on Friday. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 39.57 and a beta of 0.98. The firm’s fifty day moving average price is $22.51 and its two-hundred day moving average price is $21.80. Urban Edge Properties has a 1-year low of $18.46 and a 1-year high of $24.11. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.19.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, topping 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 the consensus estimate of $117.86 million. Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. On average, equities research analysts predict that Urban Edge Properties will post 1.52 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

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

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.