Raymond James Financial Inc. acquired a new position in shares of Urban Edge Properties (NYSE:UE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 47,518 shares of the real estate investment trust's stock, valued at approximately $1,022,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC lifted its holdings in Urban Edge Properties by 92.1% in the third quarter. Cerity Partners LLC now owns 41,983 shares of the real estate investment trust's stock worth $898,000 after purchasing an additional 20,132 shares during the period. BNP Paribas Financial Markets raised its position in shares of Urban Edge Properties by 14.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 32,781 shares of the real estate investment trust's stock worth $701,000 after buying an additional 4,019 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Urban Edge Properties by 438.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 782,921 shares of the real estate investment trust's stock worth $16,747,000 after acquiring an additional 637,587 shares during the period. Verition Fund Management LLC boosted its holdings in shares of Urban Edge Properties by 13.7% in the third quarter. Verition Fund Management LLC now owns 14,371 shares of the real estate investment trust's stock valued at $307,000 after acquiring an additional 1,735 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in shares of Urban Edge Properties by 16.3% during the third quarter. Quantinno Capital Management LP now owns 22,415 shares of the real estate investment trust's stock valued at $479,000 after acquiring an additional 3,140 shares during the period. 94.94% of the stock is owned by institutional investors.
Urban Edge Properties Price Performance
Shares of UE traded down $0.64 during mid-day trading on Tuesday, hitting $16.28. The company's stock had a trading volume of 1,597,959 shares, compared to its average volume of 892,379. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a 50-day moving average price of $19.54 and a 200 day moving average price of $20.99. Urban Edge Properties has a fifty-two week low of $15.81 and a fifty-two week high of $23.85. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 27.59 and a beta of 1.28.
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, beating 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%. On average, research analysts predict that Urban Edge Properties will post 1.4 EPS for the current fiscal year.
Urban Edge Properties Increases Dividend
The business also recently announced 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. This represents a $0.76 annualized dividend and a dividend yield of 4.67%. This is an increase from Urban Edge Properties's previous quarterly dividend of $0.17. The ex-dividend date was Friday, March 14th. Urban Edge Properties's dividend payout ratio is currently 128.81%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on UE. StockNews.com upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th. Evercore ISI cut their price objective on Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th.
Check Out Our Latest Stock Analysis on UE
Urban Edge Properties Profile
(
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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