SG Americas Securities LLC Boosts Stock Holdings in Urban Edge Properties $UE

SG Americas Securities LLC raised its stake in Urban Edge Properties (NYSE:UE) by 534.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 194,016 shares of the real estate investment trust’s stock after acquiring an additional 163,421 shares during the period. SG Americas Securities LLC’s holdings in Urban Edge Properties were worth $3,876,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of UE. Wellington Management Group LLP bought a new position in shares of Urban Edge Properties during the 3rd quarter valued at about $92,600,000. Balyasny Asset Management L.P. bought a new stake in shares of Urban Edge Properties in the fourth quarter worth about $16,858,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Urban Edge Properties in the fourth quarter worth about $12,777,000. Bayhunt Capital LLC purchased a new stake in shares of Urban Edge Properties in the fourth quarter worth about $10,430,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Urban Edge Properties by 28.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,220,870 shares of the real estate investment trust’s stock worth $42,618,000 after buying an additional 490,910 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Urban Edge Properties

In related news, CEO Jeffrey S. Olson sold 161,553 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $21.73, for a total transaction of $3,510,546.69. Following the sale, the chief executive officer owned 22,699 shares in the company, valued at approximately $493,249.27. This represents a 87.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on UE shares. BTIG Research restated a “buy” rating and set a $25.00 price target on shares of Urban Edge Properties in a report on Friday, June 12th. UBS Group upped their price objective on Urban Edge Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Finally, Weiss Ratings upgraded Urban Edge Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $22.80.

Urban Edge Properties Stock Down 1.1%

Shares of NYSE UE opened at $23.14 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.21. Urban Edge Properties has a 12-month low of $18.36 and a 12-month high of $24.11. The firm’s 50-day moving average price is $22.32 and its 200-day moving average price is $20.85. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 26.90 and a beta of 0.98.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.18 EPS for the quarter, topping the consensus estimate of $0.12 by $0.06. Urban Edge Properties had a return on equity of 7.80% and a net margin of 22.20%.The company had revenue of $132.62 million during the quarter, compared to analyst estimates of $119.45 million. Urban Edge Properties has set its FY 2026 guidance at 1.480-1.52 EPS. On average, equities research analysts anticipate that Urban Edge Properties will post 1.49 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. Urban Edge Properties’s payout ratio is currently 97.67%.

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.