Wealth Enhancement Advisory Services LLC Purchases Shares of 25,702 Urban Edge Properties (NYSE:UE)

Wealth Enhancement Advisory Services LLC acquired a new position in shares of Urban Edge Properties (NYSE:UE) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,702 shares of the real estate investment trust’s stock, valued at approximately $550,000.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Urban Edge Properties by 1.0% in the first quarter. Vanguard Group Inc. now owns 18,546,753 shares of the real estate investment trust’s stock valued at $320,302,000 after buying an additional 191,258 shares during the period. Westwood Holdings Group Inc. lifted its stake in shares of Urban Edge Properties by 12.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 4,572,054 shares of the real estate investment trust’s stock valued at $78,959,000 after purchasing an additional 516,317 shares during the period. Centersquare Investment Management LLC lifted its stake in shares of Urban Edge Properties by 15.8% in the 1st quarter. Centersquare Investment Management LLC now owns 2,171,758 shares of the real estate investment trust’s stock valued at $36,334,000 after purchasing an additional 296,324 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Urban Edge Properties by 7.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,757,044 shares of the real estate investment trust’s stock valued at $32,452,000 after purchasing an additional 117,152 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Urban Edge Properties by 48.4% during the second quarter. American Century Companies Inc. now owns 1,406,251 shares of the real estate investment trust’s stock worth $25,973,000 after purchasing an additional 458,951 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Stock Performance

Shares of UE opened at $23.49 on Friday. Urban Edge Properties has a one year low of $15.81 and a one year high of $23.65. The company has a market cap of $2.93 billion, a PE ratio of 10.53 and a beta of 1.54. The stock has a 50-day moving average of $21.56 and a 200-day moving average of $19.56. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 1.30.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.07 EPS for the quarter. The firm had revenue of $112.26 million during the quarter. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. On average, equities research analysts predict that Urban Edge Properties will post 1.32 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties’s payout ratio is currently 30.49%.

Wall Street Analyst Weigh In

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

Urban Edge Properties Company 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.