Quantinno Capital Management LP Has $3.27 Million Stock Position in Urban Edge Properties $UE

Quantinno Capital Management LP lifted its position in shares of Urban Edge Properties (NYSE:UE) by 148.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,781 shares of the real estate investment trust’s stock after purchasing an additional 97,978 shares during the quarter. Quantinno Capital Management LP’s holdings in Urban Edge Properties were worth $3,272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of UE. State Street Corp boosted its stake in Urban Edge Properties by 1.3% during the second quarter. State Street Corp now owns 7,394,625 shares of the real estate investment trust’s stock worth $137,984,000 after buying an additional 92,101 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Urban Edge Properties by 1.8% in the 4th quarter. Wellington Management Group LLP now owns 4,606,296 shares of the real estate investment trust’s stock valued at $88,395,000 after buying an additional 82,594 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Urban Edge Properties by 72.2% in the 1st quarter. Jennison Associates LLC now owns 4,585,256 shares of the real estate investment trust’s stock valued at $91,613,000 after buying an additional 1,923,202 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Urban Edge Properties by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 3,284,098 shares of the real estate investment trust’s stock worth $63,032,000 after acquiring an additional 14,361 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Urban Edge Properties by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,514,205 shares of the real estate investment trust’s stock worth $48,248,000 after acquiring an additional 104,973 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 19,034 shares of Urban Edge Properties stock in a transaction on Monday, May 11th. The stock was sold at an average price of $21.62, for a total value of $411,515.08. Following the completion of the transaction, the chief executive officer owned 3,665 shares in the company, valued at approximately $79,237.30. The trade was a 83.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

UE has been the subject of several recent research reports. BTIG Research reissued a “buy” rating and issued a $25.00 price target on shares of Urban Edge Properties in a research report on Friday, June 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Urban Edge Properties in a report on Friday, July 24th. Finally, UBS Group upped 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. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.20.

Urban Edge Properties Price Performance

Shares of Urban Edge Properties stock opened at $21.59 on Friday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 39.99 and a beta of 0.98. Urban Edge Properties has a 1-year low of $18.46 and a 1-year high of $24.11. The firm’s 50-day moving average price is $22.87 and its two-hundred day moving average price is $21.58.

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

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 dividend payout ratio (DPR) is currently 155.56%.

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.