APG Asset Management US Inc. Increases Stake in Urban Edge Properties (NYSE:UE)

APG Asset Management US Inc. raised its holdings in shares of Urban Edge Properties (NYSE:UE) by 48.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 661,067 shares of the real estate investment trust’s stock after buying an additional 215,000 shares during the quarter. APG Asset Management US Inc. owned about 0.54% of Urban Edge Properties worth $12,031,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of UE. Point72 Hong Kong Ltd purchased a new stake in shares of Urban Edge Properties in the second quarter valued at approximately $50,000. Signaturefd LLC grew its holdings in Urban Edge Properties by 91.6% in the 2nd quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 1,317 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Urban Edge Properties in the 1st quarter worth $171,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Urban Edge Properties in the 4th quarter worth $183,000. Finally, Custom Index Systems LLC purchased a new position in shares of Urban Edge Properties during the 2nd quarter worth $259,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

UE has been the subject of several recent analyst reports. StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Evercore ISI increased their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research note on Monday, September 16th.

Urban Edge Properties Price Performance

NYSE:UE opened at $20.99 on Friday. Urban Edge Properties has a 52 week low of $14.36 and a 52 week high of $21.66. The stock’s fifty day moving average is $20.43 and its two-hundred day moving average is $18.43. The company has a market capitalization of $2.55 billion, a P/E ratio of 9.13 and a beta of 1.55. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.19.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). The company had revenue of $106.36 million during the quarter, compared to analysts’ expectations of $110.34 million. Urban Edge Properties had a net margin of 66.89% and a return on equity of 24.65%. Equities analysts expect that Urban Edge Properties will post 1.31 EPS for the current year.

Urban Edge Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.24%. Urban Edge Properties’s payout ratio is currently 29.57%.

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.