Algert Global LLC Purchases 35,863 Shares of Urban Edge Properties (NYSE:UE)

Algert Global LLC lifted its position in Urban Edge Properties (NYSE:UE) by 302.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,725 shares of the real estate investment trust’s stock after buying an additional 35,863 shares during the period. Algert Global LLC’s holdings in Urban Edge Properties were worth $1,026,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in UE. JPMorgan Chase & Co. raised its position in shares of Urban Edge Properties by 30.5% during the third quarter. JPMorgan Chase & Co. now owns 671,934 shares of the real estate investment trust’s stock worth $14,373,000 after purchasing an additional 156,874 shares during the period. Principal Financial Group Inc. raised its holdings in Urban Edge Properties by 11.0% during the 3rd quarter. Principal Financial Group Inc. now owns 650,407 shares of the real estate investment trust’s stock worth $13,912,000 after buying an additional 64,221 shares during the period. KBC Group NV lifted its stake in Urban Edge Properties by 42.1% in the fourth 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 in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Urban Edge Properties in the fourth quarter valued at approximately $486,000. Finally, Swiss National Bank increased its position in shares of Urban Edge Properties by 2.9% during the fourth quarter. Swiss National Bank now owns 238,609 shares of the real estate investment trust’s stock worth $5,130,000 after acquiring an additional 6,700 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Monday, May 5th.

Urban Edge Properties Trading Down 0.2 %

NYSE UE opened at $18.39 on Friday. Urban Edge Properties has a 52 week low of $15.66 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. The stock’s 50 day moving average price is $18.39 and its two-hundred day moving average price is $20.43. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 31.17 and a beta of 1.16.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $118.17 million for the quarter, compared to analyst estimates of $119.05 million. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. As a group, analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Friday, June 13th. Urban Edge Properties’s payout ratio is 118.75%.

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.