55,900 Shares in Urban Edge Properties $UE Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in Urban Edge Properties (NYSE:UE) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 55,900 shares of the real estate investment trust’s stock, valued at approximately $1,117,000.

Several other institutional investors have also recently added to or reduced their stakes in UE. SG Americas Securities LLC raised its holdings in shares of Urban Edge Properties by 534.1% during the first quarter. SG Americas Securities LLC now owns 194,016 shares of the real estate investment trust’s stock worth $3,876,000 after purchasing an additional 163,421 shares during the period. Diversified Trust Co acquired a new position in shares of Urban Edge Properties in the 1st quarter valued at about $694,000. Hsbc Holdings PLC grew its position in shares of Urban Edge Properties by 9.0% during the 4th quarter. Hsbc Holdings PLC now owns 242,081 shares of the real estate investment trust’s stock valued at $4,646,000 after buying an additional 19,933 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Urban Edge Properties during the 4th quarter valued at about $205,000. Finally, Empowered Funds LLC acquired a new stake in Urban Edge Properties during the fourth quarter worth about $78,000. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

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 transaction of $411,515.08. Following the sale, the chief executive officer owned 3,665 shares of the company’s stock, valued at $79,237.30. The trade was a 83.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Urban Edge Properties Stock Down 0.3%

Urban Edge Properties stock opened at $22.89 on Friday. The company has a 50-day simple moving average of $22.42 and a 200-day simple moving average of $20.94. The firm has a market capitalization of $2.89 billion, a P/E ratio of 26.62 and a beta of 0.97. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.08 and a current ratio of 2.08. Urban Edge Properties has a one year low of $18.44 and a one year high of $24.11.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. Urban Edge Properties had a net margin of 22.20% and a return on equity of 7.80%. The firm had revenue of $132.62 million for the quarter, compared to the consensus estimate of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. As a group, equities analysts expect that Urban Edge Properties will post 1.49 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, June 15th. Urban Edge Properties’s dividend payout ratio is 97.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. BTIG Research reissued a “buy” rating and issued a $25.00 target price on shares of Urban Edge Properties in a report on Friday, June 12th. Weiss Ratings raised Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Finally, UBS Group increased their price target on Urban Edge Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Urban Edge Properties presently has a consensus rating of “Hold” and a consensus target price of $22.80.

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.