Jefferies Financial Group Inc. Buys Shares of 55,200 Urban Edge Properties $UE

Jefferies Financial Group Inc. bought a new stake in shares of Urban Edge Properties (NYSE:UE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 55,200 shares of the real estate investment trust’s stock, valued at approximately $1,130,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of UE. EverSource Wealth Advisors LLC lifted its stake in shares of Urban Edge Properties by 426.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,071 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Urban Edge Properties in the 3rd quarter valued at $35,000. Smartleaf Asset Management LLC increased its stake in 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 worth $38,000 after purchasing an additional 593 shares during the period. Hantz Financial Services Inc. increased 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 purchasing an additional 1,306 shares during the period. Finally, MAI Capital Management bought a new stake in shares of Urban Edge Properties during the second quarter worth $66,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. 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, Weiss Ratings raised shares of Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Urban Edge Properties presently has an average rating of “Hold” and a consensus price target of $22.00.

Urban Edge Properties Trading Down 0.5%

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

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). The firm had revenue of $119.56 million for the quarter, compared to the consensus estimate of $103.64 million. Urban Edge Properties had a return on equity of 6.79% and a net margin of 19.82%.Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. Analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.21 per share. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.84 dividend on an annualized basis and a yield of 4.1%. Urban Edge Properties’s payout ratio is 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.