Urban Edge Properties (NYSE:UE) Stock Holdings Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in Urban Edge Properties (NYSE:UE) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,127 shares of the real estate investment trust’s stock after purchasing an additional 5,788 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.15% of Urban Edge Properties worth $4,042,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in shares of Urban Edge Properties during the 4th quarter valued at about $93,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Urban Edge Properties by 36.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock valued at $97,000 after acquiring an additional 1,221 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Urban Edge Properties during the 3rd quarter valued at about $101,000. KBC Group NV increased its holdings in shares of Urban Edge Properties by 42.1% during the 4th quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 1,524 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Urban Edge Properties by 875.1% during the 3rd quarter. Blue Trust Inc. now owns 7,947 shares of the real estate investment trust’s stock valued at $170,000 after acquiring an additional 7,132 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Price Performance

Urban Edge Properties stock opened at $20.24 on Thursday. 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 company has a market capitalization of $2.54 billion, a PE ratio of 34.30 and a beta of 1.54. Urban Edge Properties has a one year low of $15.81 and a one year high of $23.85. The business has a 50 day simple moving average of $20.83 and a 200 day simple moving average of $21.33.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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, sell-side analysts forecast that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.76%. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, March 14th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 115.26%.

Insider Activity at Urban Edge Properties

In other news, CEO Jeffrey S. Olson sold 240,000 shares of Urban Edge Properties stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $22.45, for a total value of $5,388,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,931 shares of the company’s stock, valued at approximately $43,350.95. This trade represents a 99.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UE. StockNews.com downgraded Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Evercore ISI decreased their target price on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th.

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.