Rhumbline Advisers increased its position in shares of Urban Edge Properties (NYSE:UE – Free Report) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 400,736 shares of the real estate investment trust’s stock after buying an additional 20,490 shares during the quarter. Rhumbline Advisers owned 0.34% of Urban Edge Properties worth $6,035,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in shares of Urban Edge Properties by 454.5% in the first quarter. Parallel Advisors LLC now owns 2,390 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 1,959 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Urban Edge Properties by 63.0% in the first quarter. Tower Research Capital LLC TRC now owns 2,484 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 960 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Urban Edge Properties in the first quarter valued at approximately $39,000. Quantbot Technologies LP acquired a new stake in shares of Urban Edge Properties in the first quarter valued at approximately $47,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of Urban Edge Properties by 31.8% in the fourth quarter. Quadrant Capital Group LLC now owns 3,465 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 836 shares in the last quarter. 98.02% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Urban Edge Properties in a report on Thursday, August 17th. They set a “sell” rating for the company.
Urban Edge Properties Trading Up 1.8 %
Shares of NYSE:UE opened at $16.60 on Thursday. The company’s 50-day moving average price is $16.39 and its two-hundred day moving average price is $15.14. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.99 and a quick ratio of 1.99. Urban Edge Properties has a one year low of $12.91 and a one year high of $17.68. The stock has a market capitalization of $1.95 billion, a PE ratio of 110.67 and a beta of 1.59.
Urban Edge Properties (NYSE:UE – Get Free Report) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). Urban Edge Properties had a net margin of 4.07% and a return on equity of 1.60%. The firm had revenue of $98.77 million during the quarter. On average, equities analysts forecast that Urban Edge Properties will post 1.17 EPS for the current fiscal year.
Urban Edge Properties Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.86%. Urban Edge Properties’s payout ratio is presently 426.67%.
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 17.2 million square feet of gross leasable area.
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