SG Americas Securities LLC Acquires 20,065 Shares of Urban Edge Properties (NYSE:UE)

SG Americas Securities LLC raised its holdings in Urban Edge Properties (NYSE:UEGet Rating) by 32.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,790 shares of the real estate investment trust’s stock after acquiring an additional 20,065 shares during the period. SG Americas Securities LLC’s holdings in Urban Edge Properties were worth $1,562,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allegheny Financial Group LTD bought a new position in Urban Edge Properties in the fourth quarter valued at about $41,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Urban Edge Properties by 159.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,341 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 1,438 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Urban Edge Properties by 33.5% during the fourth quarter. Schroder Investment Management Group now owns 7,298 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 1,830 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Urban Edge Properties by 66.9% during the fourth quarter. Van ECK Associates Corp now owns 9,012 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 3,613 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new stake in shares of Urban Edge Properties during the fourth quarter worth about $201,000. Institutional investors own 94.09% of the company’s stock.

Urban Edge Properties Price Performance

Urban Edge Properties stock opened at $15.87 on Thursday. The stock’s 50 day moving average is $16.17 and its 200 day moving average is $17.75. The company has a debt-to-equity ratio of 1.62, a current ratio of 3.67 and a quick ratio of 3.67. The firm has a market cap of $1.86 billion, a P/E ratio of 20.09 and a beta of 1.55. Urban Edge Properties has a one year low of $14.22 and a one year high of $19.96.

Urban Edge Properties (NYSE:UEGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.20). Urban Edge Properties had a net margin of 21.47% and a return on equity of 8.99%. The business had revenue of $99.42 million during the quarter, compared to analyst estimates of $97.89 million. As a group, research analysts expect that Urban Edge Properties will post 1.19 EPS for the current year.

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.03%. The ex-dividend date was Tuesday, June 14th. Urban Edge Properties’s dividend payout ratio (DPR) is presently 81.01%.

Analyst Ratings Changes

Several analysts have recently weighed in on UE shares. Morgan Stanley reduced their price target on Urban Edge Properties from $16.00 to $14.25 and set an “underweight” rating on the stock in a report on Friday, July 15th. StockNews.com cut Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Wednesday, June 22nd. Finally, Compass Point cut their price objective on Urban Edge Properties from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, June 22nd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.31.

Urban Edge Properties Company Profile

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Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 78 properties totaling 15.1 million square feet of gross leasable area.

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Institutional Ownership by Quarter for Urban Edge Properties (NYSE:UE)

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