Stevens Capital Management LP purchased a new position in shares of Urban Edge Properties (NYSE:UE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 55,709 shares of the real estate investment trust’s stock, valued at approximately $1,230,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Urban Edge Properties by 2.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,739,659 shares of the real estate investment trust’s stock valued at $38,410,000 after purchasing an additional 46,099 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Urban Edge Properties by 3.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 139,874 shares of the real estate investment trust’s stock worth $3,088,000 after acquiring an additional 5,044 shares during the period. Amica Retiree Medical Trust acquired a new stake in shares of Urban Edge Properties in the 3rd quarter worth approximately $410,000. Amica Pension Fund Board of Trustees acquired a new stake in shares of Urban Edge Properties in the 3rd quarter worth approximately $2,602,000. Finally, Amica Mutual Insurance Co. acquired a new stake in shares of Urban Edge Properties in the 3rd quarter worth approximately $2,345,000. 86.64% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on the stock. ValuEngine raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Thursday.
Shares of NYSE:UE opened at $19.88 on Friday. The company has a market capitalization of $2.19 billion, a PE ratio of 14.84 and a beta of 0.56. Urban Edge Properties has a twelve month low of $18.90 and a twelve month high of $26.19. The company has a quick ratio of 8.25, a current ratio of 8.25 and a debt-to-equity ratio of 1.52.
Urban Edge Properties (NYSE:UE) last issued its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $112.21 million during the quarter, compared to analyst estimates of $94.49 million. Urban Edge Properties had a net margin of 20.55% and a return on equity of 8.39%. Equities analysts forecast that Urban Edge Properties will post 1.29 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend is Thursday, December 13th. Urban Edge Properties’s dividend payout ratio is currently 65.67%.
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Urban Edge Properties Company Profile
Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 88 properties totaling 16.3 million square feet of gross leasable area.
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