Urban Edge Properties (NYSE:UE) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can increased its stake in shares of Urban Edge Properties (NYSE:UE) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,911 shares of the real estate investment trust’s stock after buying an additional 1,078 shares during the quarter. Bank of Montreal Can’s holdings in Urban Edge Properties were worth $385,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in Urban Edge Properties by 76.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,029 shares during the last quarter. USA Financial Formulas purchased a new position in shares of Urban Edge Properties in the fourth quarter worth about $93,000. KBC Group NV lifted its holdings in shares of Urban Edge Properties by 42.1% during the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 1,524 shares during the period. Blue Trust Inc. boosted its position in Urban Edge Properties by 22.8% in the fourth quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 1,813 shares during the last quarter. Finally, Custom Index Systems LLC acquired a new position in Urban Edge Properties in the 4th quarter worth approximately $213,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Urban Edge Properties Stock Up 1.4 %

Shares of UE opened at $18.28 on Wednesday. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 30.99 and a beta of 1.28. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $23.85. The stock’s 50-day moving average price is $18.91 and its 200-day moving average price is $20.73. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. On average, sell-side analysts predict that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.17. Urban Edge Properties’s dividend payout ratio (DPR) is currently 128.81%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Evercore ISI decreased their price objective on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th.

About Urban Edge Properties

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.