Fisher Asset Management LLC Sells 247,127 Shares of Urban Edge Properties $UE

Fisher Asset Management LLC decreased its position in Urban Edge Properties (NYSE:UE) by 24.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 760,502 shares of the real estate investment trust’s stock after selling 247,127 shares during the period. Fisher Asset Management LLC’s holdings in Urban Edge Properties were worth $14,191,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quadrant Capital Group LLC increased its position in shares of Urban Edge Properties by 5.7% during the second quarter. Quadrant Capital Group LLC now owns 14,744 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 792 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Urban Edge Properties by 19.3% in the second quarter. PNC Financial Services Group Inc. now owns 7,025 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 1,136 shares during the last quarter. CWM LLC grew its stake in Urban Edge Properties by 50.3% in the 2nd quarter. CWM LLC now owns 3,494 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 1,169 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Urban Edge Properties by 1.9% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 73,372 shares of the real estate investment trust’s stock valued at $1,369,000 after purchasing an additional 1,365 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey increased its position in shares of Urban Edge Properties by 5.1% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 28,757 shares of the real estate investment trust’s stock valued at $537,000 after purchasing an additional 1,405 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Price Performance

Shares of NYSE:UE opened at $19.18 on Thursday. The firm has a market capitalization of $2.41 billion, a PE ratio of 21.56 and a beta of 1.04. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average price of $19.50 and a two-hundred day moving average price of $19.45. Urban Edge Properties has a twelve month low of $15.66 and a twelve month high of $22.96.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $120.13 million for the quarter, compared to analyst estimates of $117.85 million. Urban Edge Properties had a net margin of 23.73% and a return on equity of 8.10%. Urban Edge Properties has set its FY 2025 guidance at 1.420-1.440 EPS. Equities analysts forecast that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.76 dividend on an annualized basis and a yield of 4.0%. Urban Edge Properties’s payout ratio is presently 85.39%.

Wall Street Analyst Weigh In

UE has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH assumed coverage on shares of Urban Edge Properties in a report on Tuesday, September 9th. They issued a “neutral” rating and a $23.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Urban Edge Properties in a research report on Monday. Morgan Stanley increased their target price on shares of Urban Edge Properties from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 24th. Evercore ISI raised their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Finally, BTIG Research assumed coverage on shares of Urban Edge Properties in a report on Monday, August 11th. They issued a “buy” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and five have issued 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 $22.00.

Urban Edge Properties Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.