Susquehanna International Group LLP Cuts Position in Urban Edge Properties $UE

Susquehanna International Group LLP lowered its position in shares of Urban Edge Properties (NYSE:UE) by 60.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 20,966 shares of the real estate investment trust’s stock after selling 32,643 shares during the quarter. Susquehanna International Group LLP’s holdings in Urban Edge Properties were worth $480,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UE. EverSource Wealth Advisors LLC increased its position 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 valued at $25,000 after purchasing an additional 1,071 shares during the last quarter. Global Retirement Partners LLC lifted its position in Urban Edge Properties by 2,108.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,369 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,307 shares during the last quarter. Allworth Financial LP bought a new stake in Urban Edge Properties in the 2nd quarter worth approximately $29,000. CIBC Private Wealth Group LLC purchased a new stake in Urban Edge Properties in the third quarter worth approximately $52,000. Finally, State of Wyoming bought a new position in Urban Edge Properties during the first quarter valued at approximately $66,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on UE. Weiss Ratings downgraded shares of Urban Edge Properties from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. BTIG Research reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Urban Edge Properties in a research note on Friday, June 12th. Finally, UBS Group increased their target price on shares of Urban Edge Properties from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Two research 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 has a consensus rating of “Hold” and a consensus target price of $23.20.

Urban Edge Properties Price Performance

UE opened at $21.15 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $2.67 billion, a PE ratio of 39.17 and a beta of 0.98. The stock’s 50 day moving average price is $22.48 and its 200-day moving average price is $21.81. 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 announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $122.78 million during 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. On average, equities research analysts predict that Urban Edge Properties will post 1.52 EPS for the current year.

Urban Edge Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.0%. Urban Edge Properties’s payout ratio is presently 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.