UniSuper Management Pty Ltd Buys 1,100 Shares of Urban Edge Properties (NYSE:UE)

UniSuper Management Pty Ltd lifted its position in Urban Edge Properties (NYSE:UE) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 34,800 shares of the real estate investment trust’s stock after buying an additional 1,100 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Urban Edge Properties were worth $748,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Urban Edge Properties by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,271,201 shares of the real estate investment trust’s stock worth $48,581,000 after buying an additional 101,111 shares in the last quarter. Citigroup Inc. grew its position in Urban Edge Properties by 47.6% during the 3rd quarter. Citigroup Inc. now owns 187,934 shares of the real estate investment trust’s stock worth $4,020,000 after acquiring an additional 60,634 shares during the last quarter. Cerity Partners LLC increased its holdings in Urban Edge Properties by 92.1% during the 3rd quarter. Cerity Partners LLC now owns 41,983 shares of the real estate investment trust’s stock valued at $898,000 after purchasing an additional 20,132 shares in the last quarter. BNP Paribas Financial Markets raised its position in Urban Edge Properties by 14.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 32,781 shares of the real estate investment trust’s stock valued at $701,000 after purchasing an additional 4,019 shares during the last quarter. Finally, Glenmede Trust Co. NA acquired a new position in Urban Edge Properties in the third quarter worth $971,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on UE shares. Evercore ISI cut their price target on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th.

Urban Edge Properties Stock Up 0.6 %

Shares of UE opened at $19.02 on Tuesday. The business’s fifty day moving average price is $19.92 and its two-hundred day moving average price is $21.17. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 32.24 and a beta of 1.54. Urban Edge Properties has a 52 week low of $15.81 and a 52 week high of $23.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates 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, analysts predict that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.00%. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, March 14th. Urban Edge Properties’s payout ratio is 128.81%.

Urban Edge Properties 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.