Public Sector Pension Investment Board Buys 61,979 Shares of Urban Edge Properties $UE

Public Sector Pension Investment Board lifted its position in Urban Edge Properties (NYSE:UE) by 14.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 490,689 shares of the real estate investment trust’s stock after acquiring an additional 61,979 shares during the quarter. Public Sector Pension Investment Board owned 0.39% of Urban Edge Properties worth $10,044,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of UE. EverSource Wealth Advisors LLC boosted its position in Urban Edge Properties by 426.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,071 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Urban Edge Properties by 45.3% in the third quarter. Smartleaf Asset Management LLC now owns 1,903 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 593 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Urban Edge Properties by 137.8% in the third 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 during the period. CWM LLC lifted its stake in Urban Edge Properties by 50.3% in the second quarter. CWM LLC now owns 3,494 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 1,169 shares during the period. Finally, MAI Capital Management bought a new position in Urban Edge Properties during the 2nd quarter worth about $66,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Stock Up 0.6%

NYSE:UE opened at $20.80 on Tuesday. The company’s 50-day simple moving average is $19.51 and its 200-day simple moving average is $19.72. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.74 and a current ratio of 1.74. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $21.87. The stock has a market capitalization of $2.62 billion, a P/E ratio of 27.73 and a beta of 1.06.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). Urban Edge Properties had a net margin of 19.82% and a return on equity of 6.79%. The firm 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. On average, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.19. Urban Edge Properties’s payout ratio is 101.33%.

Wall Street Analyst Weigh In

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

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.