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

UniSuper Management Pty Ltd grew its position in Urban Edge Properties (NYSE:UE) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,800 shares of the real estate investment trust’s stock after purchasing an additional 1,100 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Urban Edge Properties were worth $748,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in Urban Edge Properties by 76.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,029 shares during the period. USA Financial Formulas bought a new stake in Urban Edge Properties during the 4th quarter valued at approximately $93,000. KBC Group NV grew its holdings in Urban Edge Properties by 42.1% in the 4th quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 1,524 shares during the last quarter. Coldstream Capital Management Inc. bought a new position in Urban Edge Properties in the 3rd quarter worth approximately $206,000. Finally, Blue Trust Inc. lifted its holdings in shares of Urban Edge Properties by 22.8% during the fourth quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 1,813 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UE. Evercore ISI lowered their price objective on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 20th.

Urban Edge Properties Price Performance

Shares of NYSE:UE opened at $19.02 on Tuesday. The firm has a market capitalization of $2.39 billion, a PE ratio of 32.24 and a beta of 1.54. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. Urban Edge Properties has a 1-year low of $15.81 and a 1-year high of $23.85. The business’s 50 day moving average is $19.92 and its 200-day moving average is $21.17.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. Sell-side 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. Shareholders of record on Friday, March 14th were paid a dividend of $0.19 per share. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, March 14th. This represents a $0.76 dividend on an annualized basis and a yield of 4.00%. Urban Edge Properties’s dividend payout ratio (DPR) is currently 128.81%.

About Urban Edge Properties

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.