Daiwa Securities Group Inc. Lowers Stock Position in Urban Edge Properties (NYSE:UE)

Daiwa Securities Group Inc. reduced its position in Urban Edge Properties (NYSE:UE) by 12.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,262 shares of the real estate investment trust’s stock after selling 5,442 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Urban Edge Properties were worth $688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in shares of Urban Edge Properties by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 32,958 shares of the real estate investment trust’s stock worth $609,000 after purchasing an additional 627 shares during the period. Quadrant Capital Group LLC raised its holdings in Urban Edge Properties by 34.3% in the fourth quarter. Quadrant Capital Group LLC now owns 4,548 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 1,162 shares during the period. Illinois Municipal Retirement Fund lifted its position in Urban Edge Properties by 1.9% during the first quarter. Illinois Municipal Retirement Fund now owns 67,442 shares of the real estate investment trust’s stock valued at $1,165,000 after buying an additional 1,264 shares in the last quarter. Signaturefd LLC grew its stake in Urban Edge Properties by 91.6% during the second 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 during the period. Finally, Texas Permanent School Fund Corp increased its position in shares of Urban Edge Properties by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 102,959 shares of the real estate investment trust’s stock worth $1,778,000 after acquiring an additional 1,377 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Trading Up 0.7 %

NYSE UE opened at $21.43 on Monday. The stock has a market cap of $2.60 billion, a P/E ratio of 9.32 and a beta of 1.55. The company’s fifty day simple moving average is $20.04 and its 200-day simple moving average is $18.18. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.19. Urban Edge Properties has a 52 week low of $14.36 and a 52 week high of $21.53.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The firm had revenue of $106.36 million during the quarter, compared to analyst estimates of $110.34 million. Urban Edge Properties had a return on equity of 24.65% and a net margin of 66.89%. Equities research analysts predict that Urban Edge Properties will post 1.31 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Friday, September 13th. Urban Edge Properties’s dividend payout ratio is currently 29.57%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UE. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Evercore ISI upped their target price on Urban Edge Properties from $20.00 to $21.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th.

About Urban Edge Properties

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.