CANADA LIFE ASSURANCE Co Acquires 14,465 Shares of Urban Edge Properties (NYSE:UE)

CANADA LIFE ASSURANCE Co lifted its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,635 shares of the real estate investment trust's stock after purchasing an additional 14,465 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.21% of Urban Edge Properties worth $5,624,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Marshall Wace LLP increased its stake in Urban Edge Properties by 36.2% in the fourth quarter. Marshall Wace LLP now owns 1,309,623 shares of the real estate investment trust's stock valued at $28,157,000 after acquiring an additional 348,070 shares during the last quarter. Mariner LLC increased its position in shares of Urban Edge Properties by 8.3% during the 4th quarter. Mariner LLC now owns 16,948 shares of the real estate investment trust's stock valued at $364,000 after purchasing an additional 1,296 shares during the last quarter. Barclays PLC raised its holdings in shares of Urban Edge Properties by 7.6% during the 4th quarter. Barclays PLC now owns 237,862 shares of the real estate investment trust's stock valued at $5,115,000 after buying an additional 16,855 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in Urban Edge Properties by 6.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 13,176 shares of the real estate investment trust's stock worth $283,000 after buying an additional 778 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in Urban Edge Properties by 858.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust's stock worth $85,000 after buying an additional 3,555 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, 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 Trading Up 0.7 %

Shares of NYSE:UE traded up $0.13 on Friday, reaching $18.49. 938,301 shares of the company traded hands, compared to its average volume of 918,168. The stock has a market capitalization of $2.33 billion, a P/E ratio of 31.34 and a beta of 1.28. The business's 50-day simple moving average is $18.78 and its 200 day simple moving average is $20.67. 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 has a 52 week low of $15.66 and a 52 week high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. As a group, equities analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.11%. This is an increase from Urban Edge Properties's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, March 14th. Urban Edge Properties's payout ratio is presently 128.81%.

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.