Urban Edge Properties (NYSE:UE) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of Urban Edge Properties (NYSE:UE) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,757,044 shares of the real estate investment trust’s stock after buying an additional 117,152 shares during the period. Dimensional Fund Advisors LP owned about 1.45% of Urban Edge Properties worth $32,452,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UE. Norges Bank purchased a new stake in shares of Urban Edge Properties in the fourth quarter worth about $14,894,000. Hsbc Holdings PLC lifted its position in Urban Edge Properties by 11.4% during the 4th quarter. Hsbc Holdings PLC now owns 65,060 shares of the real estate investment trust’s stock worth $1,191,000 after acquiring an additional 6,672 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in Urban Edge Properties by 146.8% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 43,597 shares of the real estate investment trust’s stock worth $798,000 after acquiring an additional 25,929 shares during the period. Lighthouse Investment Partners LLC grew its position in Urban Edge Properties by 10.0% in the fourth quarter. Lighthouse Investment Partners LLC now owns 330,000 shares of the real estate investment trust’s stock valued at $6,039,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Urban Edge Properties by 20.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 939,179 shares of the real estate investment trust’s stock valued at $17,187,000 after purchasing an additional 157,792 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties Stock Down 0.7 %

UE stock opened at $21.25 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.19. The firm has a 50 day simple moving average of $20.50 and a 200-day simple moving average of $18.51. The company has a market capitalization of $2.58 billion, a P/E ratio of 9.24 and a beta of 1.55. Urban Edge Properties has a twelve month low of $14.36 and a twelve month high of $21.66.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). Urban Edge Properties had a return on equity of 24.65% and a net margin of 66.89%. The company had revenue of $106.36 million during the quarter, compared to the consensus estimate of $110.34 million. On average, equities research analysts predict that Urban Edge Properties will post 1.31 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Friday, September 13th. Urban Edge Properties’s dividend payout ratio is presently 29.57%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Evercore ISI upped their target price on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd.

Urban Edge Properties 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.