Urban Edge Properties (NYSE:UE) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its position in Urban Edge Properties (NYSE:UE) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,140 shares of the real estate investment trust’s stock after acquiring an additional 11,440 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Urban Edge Properties were worth $3,529,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in Urban Edge Properties by 1,499.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,599,628 shares of the real estate investment trust’s stock worth $34,216,000 after purchasing an additional 1,499,628 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Urban Edge Properties by 438.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 782,921 shares of the real estate investment trust’s stock worth $16,747,000 after buying an additional 637,587 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its stake in Urban Edge Properties by 718.6% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 447,487 shares of the real estate investment trust’s stock valued at $9,621,000 after acquiring an additional 392,820 shares in the last quarter. Norges Bank acquired a new position in Urban Edge Properties during the 4th quarter worth $6,697,000. Finally, American Century Companies Inc. grew its stake in shares of Urban Edge Properties by 19.4% in the fourth quarter. American Century Companies Inc. now owns 1,789,168 shares of the real estate investment trust’s stock worth $38,467,000 after purchasing an additional 291,125 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Stock Up 0.1 %

UE opened at $19.01 on Wednesday. The stock’s fifty day moving average is $19.90 and its 200-day moving average is $21.15. Urban Edge Properties has a one year low of $15.81 and a one year high of $23.85. The company has a market capitalization of $2.39 billion, a PE ratio of 32.22 and a beta of 1.54. 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 issued its quarterly earnings results 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 net margin of 16.31% and a return on equity of 5.59%. On average, equities analysts predict that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.19 per share. 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. This represents a $0.76 annualized dividend and a dividend yield of 4.00%. Urban Edge Properties’s dividend payout ratio (DPR) is currently 128.81%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UE. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 20th. 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 report on Tuesday, December 24th.

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.