Edgestream Partners L.P. Has $2.08 Million Holdings in Urban Edge Properties $UE

Edgestream Partners L.P. boosted its position in Urban Edge Properties (NYSE:UE) by 185.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 111,299 shares of the real estate investment trust’s stock after purchasing an additional 72,299 shares during the period. Edgestream Partners L.P.’s holdings in Urban Edge Properties were worth $2,077,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. CWM LLC raised its position in shares of 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 worth $65,000 after acquiring an additional 1,169 shares in the last quarter. MAI Capital Management acquired a new stake in Urban Edge Properties during the second quarter worth approximately $66,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Urban Edge Properties in the first quarter worth approximately $79,000. AlphaQuest LLC lifted its stake in Urban Edge Properties by 1,058.9% in the first quarter. AlphaQuest LLC now owns 4,230 shares of the real estate investment trust’s stock valued at $80,000 after buying an additional 3,865 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Urban Edge Properties by 85.8% in the second quarter. GAMMA Investing LLC now owns 5,744 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 2,653 shares during the period. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Trading Down 0.4%

NYSE:UE opened at $19.11 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.61 and a quick ratio of 2.61. Urban Edge Properties has a one year low of $15.66 and a one year high of $22.96. The company has a market cap of $2.40 billion, a PE ratio of 21.47 and a beta of 1.04. The firm has a 50-day moving average of $19.48 and a 200-day moving average of $19.45.

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

Urban Edge Properties Dividend Announcement

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

Analyst Ratings Changes

UE has been the subject of several research analyst reports. Evercore ISI lifted their price objective on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. BTIG Research started 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 for the company. LADENBURG THALM/SH SH assumed coverage on shares of Urban Edge Properties in a report on Tuesday, September 9th. They set a “neutral” rating and a $23.00 price objective on the stock. UBS Group started coverage on shares of Urban Edge Properties in a research report on Friday, October 24th. They set a “neutral” rating and a $21.00 price objective on the stock. Finally, Morgan Stanley boosted their target price on 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. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $22.00.

Urban Edge Properties Company 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.