APG Asset Management US Inc. Grows Position in Urban Edge Properties (NYSE:UE)

APG Asset Management US Inc. grew its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 73.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,076,955 shares of the real estate investment trust's stock after buying an additional 456,343 shares during the period. APG Asset Management US Inc. owned 0.86% of Urban Edge Properties worth $23,155,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its holdings in Urban Edge Properties by 1.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 41,057 shares of the real estate investment trust's stock worth $883,000 after purchasing an additional 659 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Urban Edge Properties by 2.0% during the 4th quarter. Amalgamated Bank now owns 36,272 shares of the real estate investment trust's stock valued at $780,000 after purchasing an additional 724 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Urban Edge Properties by 2.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 29,384 shares of the real estate investment trust's stock valued at $632,000 after purchasing an additional 800 shares in the last quarter. Arizona State Retirement System boosted its stake in Urban Edge Properties by 2.9% during the fourth quarter. Arizona State Retirement System now owns 35,213 shares of the real estate investment trust's stock valued at $757,000 after buying an additional 1,000 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Urban Edge Properties by 76.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 1,029 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

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Urban Edge Properties Trading Up 0.1 %

NYSE:UE traded up $0.01 during midday trading on Monday, hitting $17.00. 503,594 shares of the company traded hands, compared to its average volume of 904,143. The firm has a market capitalization of $2.14 billion, a P/E ratio of 28.81 and a beta of 1.28. The firm's fifty day moving average is $19.31 and its 200-day moving average is $20.88. Urban Edge Properties has a 12-month low of $12.33 and a 12-month high of $23.85. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. On average, sell-side analysts predict that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, March 14th. This represents a $0.76 annualized dividend and a dividend yield of 4.47%. This is an increase from Urban Edge Properties's previous quarterly dividend of $0.17. Urban Edge Properties's dividend payout ratio is 128.81%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on UE shares. Evercore ISI decreased their price objective on Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. StockNews.com upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th.

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.