Teacher Retirement System of Texas Trims Stock Position in Urban Edge Properties $UE

Teacher Retirement System of Texas lessened its stake in shares of Urban Edge Properties (NYSE:UE) by 48.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,344 shares of the real estate investment trust’s stock after selling 28,021 shares during the period. Teacher Retirement System of Texas’ holdings in Urban Edge Properties were worth $548,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of UE. CWM LLC raised its position in Urban Edge Properties by 50.3% during 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Urban Edge Properties in the first quarter valued at about $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 worth $80,000 after acquiring an additional 3,865 shares during the period. GAMMA Investing LLC grew its holdings in Urban Edge Properties by 85.8% during the 2nd quarter. GAMMA Investing LLC now owns 5,744 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 2,653 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in Urban Edge Properties during the 1st quarter valued at about $118,000. Institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UE. LADENBURG THALM/SH SH began coverage on shares of Urban Edge Properties in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $23.00 price target for the company. Wall Street Zen raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. UBS Group assumed coverage on Urban Edge Properties in a research report on Friday, October 24th. They set a “neutral” rating and a $21.00 target price on the stock. Weiss Ratings downgraded Urban Edge Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Finally, Evercore ISI upped their price objective on 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. 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Urban Edge Properties Stock Performance

Shares of UE stock opened at $19.15 on Monday. The business’s fifty day simple moving average is $20.13 and its 200-day simple moving average is $19.39. The company has a market cap of $2.41 billion, a PE ratio of 21.51 and a beta of 1.25. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 1.18. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $23.85.

Urban Edge Properties (NYSE:UE) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. Urban Edge Properties had a return on equity of 8.10% and a net margin of 23.73%.The firm had revenue of $119.20 million for the quarter, compared to the consensus estimate of $117.85 million. Urban Edge Properties has set its FY 2025 guidance at 1.420-1.440 EPS. Analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

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

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.