19,927 Shares in Urban Edge Properties (NYSE:UE) Acquired by Raymond James & Associates

Raymond James & Associates purchased a new position in shares of Urban Edge Properties (NYSE:UE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 19,927 shares of the real estate investment trust’s stock, valued at approximately $365,000.

Several other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in Urban Edge Properties by 52.2% during the 3rd quarter. American Century Companies Inc. now owns 1,599,058 shares of the real estate investment trust’s stock worth $24,402,000 after acquiring an additional 548,193 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Urban Edge Properties during the 3rd quarter worth $1,468,000. SG Americas Securities LLC increased its stake in Urban Edge Properties by 378.5% during the 3rd quarter. SG Americas Securities LLC now owns 75,756 shares of the real estate investment trust’s stock worth $1,156,000 after acquiring an additional 59,923 shares during the period. Bank of New York Mellon Corp increased its stake in Urban Edge Properties by 13.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,136,744 shares of the real estate investment trust’s stock worth $32,607,000 after acquiring an additional 259,002 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Urban Edge Properties by 4.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 56,765 shares of the real estate investment trust’s stock worth $866,000 after acquiring an additional 2,276 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Robert C. Milton III sold 26,333 shares of Urban Edge Properties stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $17.02, for a total value of $448,187.66. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Urban Edge Properties Price Performance

Urban Edge Properties stock opened at $16.51 on Friday. The stock’s fifty day moving average price is $16.76 and its two-hundred day moving average price is $16.94. Urban Edge Properties has a one year low of $13.13 and a one year high of $18.79. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.42 and a quick ratio of 2.42. The firm has a market cap of $1.96 billion, a PE ratio of 7.79 and a beta of 1.49.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $1.57. Urban Edge Properties had a return on equity of 23.62% and a net margin of 59.60%. The firm had revenue of $106.25 million for the quarter. As a group, research analysts expect that Urban Edge Properties will post 1.27 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.17 dividend. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 4.12%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 32.08%.

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.