Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Urban Edge Properties (NYSE:UE – Get Rating) by 159.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,341 shares of the real estate investment trust’s stock after acquiring an additional 1,438 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Urban Edge Properties were worth $44,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its holdings in shares of Urban Edge Properties by 115.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 1,824 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 977 shares during the period. Advisor Group Holdings Inc. increased its stake in Urban Edge Properties by 31.3% in the 3rd quarter. Advisor Group Holdings Inc. now owns 5,336 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 1,273 shares during the period. Van ECK Associates Corp increased its stake in Urban Edge Properties by 66.9% in the 4th quarter. Van ECK Associates Corp now owns 9,012 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 3,613 shares during the period. Caxton Associates LP acquired a new position in Urban Edge Properties in the 3rd quarter valued at approximately $183,000. Finally, Quadrature Capital Ltd acquired a new position in Urban Edge Properties in the 3rd quarter valued at approximately $187,000. Institutional investors and hedge funds own 94.09% of the company’s stock.
Several research analysts have weighed in on UE shares. StockNews.com lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, April 26th. Three research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.94.
Urban Edge Properties (NYSE:UE – Get Rating) last released its earnings results on Wednesday, February 16th. The real estate investment trust reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. The firm had revenue of $128.58 million during the quarter, compared to analysts’ expectations of $94.98 million. Urban Edge Properties had a net margin of 21.47% and a return on equity of 8.99%. During the same period in the prior year, the company earned $0.23 EPS. Equities research analysts forecast that Urban Edge Properties will post 1.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.50%. The ex-dividend date is Tuesday, June 14th. Urban Edge Properties’s payout ratio is currently 81.01%.
Urban Edge Properties Profile (Get Rating)
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 78 properties totaling 15.1 million square feet of gross leasable area.
- Get a free copy of the StockNews.com research report on Urban Edge Properties (UE)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
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.com's FREE daily email newsletter.