May Hill Capital LLC Increases Position in Urban Edge Properties $UE

May Hill Capital LLC increased its stake in Urban Edge Properties (NYSE:UE) by 110.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 SEC filing.

Several other hedge funds have also added to or reduced their stakes in UE. PNC Financial Services Group Inc. increased its stake in shares of Urban Edge Properties by 7.7% during the third quarter. PNC Financial Services Group Inc. now owns 7,564 shares of the real estate investment trust’s stock valued at $155,000 after purchasing an additional 539 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Urban Edge Properties by 45.3% during 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 purchasing an additional 593 shares in the last quarter. Amalgamated Bank increased its stake in shares of Urban Edge Properties by 1.8% during the third quarter. Amalgamated Bank now owns 36,499 shares of the real estate investment trust’s stock valued at $747,000 after purchasing an additional 648 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Urban Edge Properties by 0.7% during the second 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 purchasing an additional 816 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Urban Edge Properties by 33.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,677 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 922 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Urban Edge Properties Price Performance

Shares of NYSE UE opened at $21.25 on Friday. Urban Edge Properties has a fifty-two week low of $17.46 and a fifty-two week high of $22.26. The company has a 50 day simple moving average of $21.00 and a two-hundred day simple moving average of $20.07. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 24.70 and a beta of 0.99. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.08 and a current ratio of 2.08.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. The company had revenue of $132.62 million during the quarter, compared to the consensus estimate 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. Analysts expect that Urban Edge Properties will post 1.5 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

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

Insider Buying and Selling at Urban Edge Properties

In related news, CEO Jeffrey S. Olson sold 19,034 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $21.62, for a total transaction of $411,515.08. Following the completion of the sale, the chief executive officer owned 3,665 shares of the company’s stock, valued at $79,237.30. This trade represents a 83.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

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