1 week Ago By ABMN Staff
Custom Index Systems LLC bought a new stake in Urban Edge Properties ( NYSE:UE – Free Report ) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 14,012 shares of the real estate investment trust’s stock, valued at approximately $259,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in Urban Edge Properties by 1.9% in the 2nd quarter.
Arizona State Retirement System now owns 32,958 shares of the real estate investment trust’s stock worth $609,000 after purchasing an additional 627 shares during the period. Rhumbline Advisers raised its stake in shares of Urban Edge Properties by 2.8% during the 2nd quarter.
Rhumbline Advisers now owns 398,963 shares of the real estate investment trust’s stock worth $7,369,000 after buying an additional 10,843 shares during the period. Natixis Advisors LLC grew its stake in Urban Edge Properties by 14.1% in the 2nd quarter.
Natixis Advisors LLC now owns 63,415 shares of the real estate investment trust’s stock valued at $1,171,000 after acquiring an additional 7,815 shares during the period. Van ECK Associates Corp increased its holdings in Urban Edge Properties by 11.2% in the 2nd quarter.
Van ECK Associates Corp now owns 18,330 shares of the real estate investment trust’s stock worth $339,000 after acquiring an additional 1,849 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Urban Edge Properties by 91.6% during the second quarter.
Signaturefd LLC now owns 2,755 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 1,317 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades A number of research firms have recently commented on UE. Evercore ISI boosted their target price on shares of Urban Edge Properties from $20.00 to $21.
00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. StockNews.com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd.
Urban Edge Properties Stock Down 0.3 % NYSE UE opened at $20.58 on Monday.
Urban Edge Properties has a 52 week low of $14.36 and a 52 week high of $21.28.
The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.
19. The firm has a market cap of $2.50 billion, a PE ratio of 8.
95 and a beta of 1.55. The business’s fifty day simple moving average is $19.
77 and its 200-day simple moving average is $18.04. Urban Edge Properties ( NYSE:UE – Get Free Report ) last posted its quarterly earnings data on Wednesday, July 31st.
The real estate investment trust reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.
06). The company had revenue of $106.36 million for the quarter, compared to analysts’ expectations of $110.
34 million. Urban Edge Properties had a return on equity of 24.65% and a net margin of 66.
89%. As a group, equities analysts anticipate that Urban Edge Properties will post 1.31 earnings per share for the current year.
Urban Edge Properties Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.17 dividend.
This represents a $0.68 annualized dividend and a yield of 3.30%.
The ex-dividend date is Friday, September 13th. Urban Edge Properties’s dividend payout ratio is currently 29.57%.
About Urban Edge Properties ( Free Report ) 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.
Featured Stories Want to see what other hedge funds are holding UE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban Edge Properties ( NYSE:UE – Free Report ). Receive News & Ratings for Urban Edge Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Edge Properties and related companies with MarketBeat.
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