Quantbot Technologies LP Takes $970,000 Position in Urban Edge Properties $UE

Quantbot Technologies LP bought a new position in shares of Urban Edge Properties (NYSE:UE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,414 shares of the real estate investment trust’s stock, valued at approximately $970,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Urban Edge Properties during the 2nd quarter valued at $523,715,000. State Street Corp lifted its holdings in Urban Edge Properties by 1.3% in the 2nd 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 lifted its holdings in 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 worth $88,395,000 after buying an additional 82,594 shares in the last quarter. Jennison Associates LLC boosted its position in 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 during the last quarter. Finally, Resolution Capital Ltd boosted its position in Urban Edge Properties by 74.1% in the 1st quarter. Resolution Capital Ltd now owns 3,940,938 shares of the real estate investment trust’s stock valued at $78,740,000 after buying an additional 1,677,531 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UE. Weiss Ratings lowered Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. BTIG Research reissued a “buy” rating and issued a $25.00 price target on shares of Urban Edge Properties in a report on Friday, June 12th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Urban Edge Properties currently has a consensus rating of “Hold” and a consensus price target of $23.20.

Urban Edge Properties Price Performance

Shares of UE opened at $21.49 on Thursday. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 39.80 and a beta of 0.98. The stock has a 50 day moving average of $22.54 and a 200-day moving average of $21.80. 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 has a 52 week low of $18.46 and a 52 week high of $24.11.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $122.78 million for the quarter, compared to analyst estimates of $117.86 million. Urban Edge Properties had a return on equity of 4.92% and a net margin of 13.72%.Urban Edge Properties has set its FY 2026 guidance at 1.500-1.540 EPS. As a group, analysts forecast that Urban Edge Properties will post 1.52 EPS for the current year.

Urban Edge Properties Announces Dividend

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

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.