Cbre Investment Management Listed Real Assets LLC Sells 122,904 Shares of Urban Edge Properties $UE

Cbre Investment Management Listed Real Assets LLC lowered its stake in Urban Edge Properties (NYSE:UE) by 34.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 237,176 shares of the real estate investment trust’s stock after selling 122,904 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Urban Edge Properties were worth $4,855,000 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 the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Urban Edge Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,956 shares of the real estate investment trust’s stock valued at $1,424,000 after acquiring an additional 3,276 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Urban Edge Properties by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 871,958 shares of the real estate investment trust’s stock worth $16,567,000 after acquiring an additional 58,350 shares during the last quarter. Jane Street Group LLC bought a new stake in Urban Edge Properties during the 1st quarter worth $5,076,000. Envestnet Asset Management Inc. increased its holdings in Urban Edge Properties by 26.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 56,972 shares of the real estate investment trust’s stock worth $1,063,000 after purchasing an additional 11,771 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Urban Edge Properties by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,359,107 shares of the real estate investment trust’s stock worth $25,361,000 after purchasing an additional 18,350 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Stock Up 1.6%

Urban Edge Properties stock opened at $20.73 on Thursday. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 27.64 and a beta of 1.02. Urban Edge Properties has a 52-week low of $15.66 and a 52-week high of $21.87. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a 50 day moving average price of $20.00 and a two-hundred day moving average price of $19.85.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). Urban Edge Properties had a net margin of 19.82% and a return on equity of 6.79%. The firm had revenue of $119.56 million during the quarter, compared to the consensus estimate of $103.64 million. Urban Edge Properties has set its FY 2026 guidance at 1.470-1.520 EPS. Equities analysts predict that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.1%. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, March 13th. Urban Edge Properties’s payout ratio is currently 101.33%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on UE shares. Morgan Stanley lifted their price target on Urban Edge Properties from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Weiss Ratings raised Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Finally, UBS Group dropped their price objective on shares of Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.00.

Urban Edge Properties Company 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.