Carrera Capital Advisors bought a new stake in shares of Urban Edge Properties (NYSE:UE - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 54,024 shares of the real estate investment trust's stock, valued at approximately $1,156,000.
Several other institutional investors also recently bought and sold shares of UE. Point72 Hong Kong Ltd purchased a new position in shares of Urban Edge Properties in the 2nd quarter worth $50,000. Signaturefd LLC grew its stake in shares of Urban Edge Properties by 91.6% in the 2nd quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust's stock worth $51,000 after buying an additional 1,317 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Urban Edge Properties by 25.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust's stock worth $59,000 after buying an additional 563 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Urban Edge Properties by 36.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust's stock worth $97,000 after buying an additional 1,221 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Urban Edge Properties by 875.1% in the 3rd quarter. Blue Trust Inc. now owns 7,947 shares of the real estate investment trust's stock worth $170,000 after buying an additional 7,132 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on UE shares. Evercore ISI raised their target price on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. StockNews.com upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Friday, August 2nd.
View Our Latest Stock Report on UE
Urban Edge Properties Trading Down 0.2 %
Shares of Urban Edge Properties stock traded down $0.05 during trading on Tuesday, hitting $23.55. The stock had a trading volume of 94,880 shares, compared to its average volume of 880,836. The firm's fifty day simple moving average is $21.61 and its 200-day simple moving average is $19.65. The stock has a market cap of $2.94 billion, a PE ratio of 10.58 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 1.30. Urban Edge Properties has a 12 month low of $15.81 and a 12 month high of $23.85.
Urban Edge Properties (NYSE:UE - Get Free Report) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 EPS for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. The business had revenue of $112.26 million for the quarter. As a group, sell-side analysts expect that Urban Edge Properties will post 1.32 EPS for the current fiscal year.
Urban Edge Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 2.89%. Urban Edge Properties's dividend payout ratio (DPR) is currently 30.49%.
About Urban Edge Properties
(
Free Report)
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.
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