Natixis Advisors LLC Buys 4,822 Shares of Urban Edge Properties (NYSE:UE)

Natixis Advisors LLC increased its stake in Urban Edge Properties (NYSE:UE) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,064 shares of the real estate investment trust’s stock after buying an additional 4,822 shares during the period. Natixis Advisors LLC owned 0.05% of Urban Edge Properties worth $1,463,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Urban Edge Properties by 76.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,029 shares in the last quarter. USA Financial Formulas purchased a new stake in Urban Edge Properties in the fourth quarter worth about $93,000. Quest Partners LLC bought a new position in shares of Urban Edge Properties during the third quarter valued at approximately $101,000. KBC Group NV lifted its holdings in shares of Urban Edge Properties by 42.1% during the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 1,524 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in shares of Urban Edge Properties during the third quarter valued at approximately $206,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on UE shares. Evercore ISI reduced their price objective on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. StockNews.com raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th.

Urban Edge Properties Trading Down 0.8 %

NYSE:UE opened at $18.96 on Wednesday. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 32.14 and a beta of 1.54. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15. The company’s 50 day moving average price is $20.02 and its 200-day moving average price is $21.22. Urban Edge Properties has a 52 week low of $15.81 and a 52 week high of $23.85.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 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, equities research analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.19 dividend. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, March 14th. This represents a $0.76 dividend on an annualized basis and a yield of 4.01%. Urban Edge Properties’s payout ratio is 128.81%.

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.