Green Street Investors LLC trimmed its position in Urban Edge Properties (NYSE:UE) by 10.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,700 shares of the real estate investment trust’s stock after selling 20,000 shares during the period. Urban Edge Properties makes up approximately 1.8% of Green Street Investors LLC’s portfolio, making the stock its 23rd biggest position. Green Street Investors LLC owned approximately 0.14% of Urban Edge Properties worth $2,837,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. FMR LLC increased its holdings in Urban Edge Properties by 11.9% during the 1st quarter. FMR LLC now owns 6,011,837 shares of the real estate investment trust’s stock worth $114,225,000 after purchasing an additional 641,015 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in Urban Edge Properties by 200.7% during the 1st quarter. Centersquare Investment Management LLC now owns 5,090,390 shares of the real estate investment trust’s stock worth $21,084,000 after purchasing an additional 3,397,640 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Urban Edge Properties by 1,511.1% during the 1st quarter. JPMorgan Chase & Co. now owns 3,321,081 shares of the real estate investment trust’s stock worth $63,100,000 after purchasing an additional 3,114,944 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Urban Edge Properties by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,765,178 shares of the real estate investment trust’s stock worth $29,338,000 after purchasing an additional 25,519 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Urban Edge Properties by 13.3% during the 4th quarter. Geode Capital Management LLC now owns 1,565,125 shares of the real estate investment trust’s stock worth $26,012,000 after purchasing an additional 183,268 shares in the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on the company. Zacks Investment Research raised Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Tuesday. Compass Point assumed coverage on Urban Edge Properties in a report on Thursday, August 15th. They set a “buy” rating and a $20.00 price objective for the company.
UE traded up $0.19 during midday trading on Thursday, reaching $17.44. 40,876 shares of the company were exchanged, compared to its average volume of 975,047. The company has a debt-to-equity ratio of 1.53, a quick ratio of 6.74 and a current ratio of 6.74. The company’s fifty day moving average price is $16.94 and its 200 day moving average price is $18.23. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 13.24 and a beta of 0.88. Urban Edge Properties has a one year low of $15.96 and a one year high of $23.37.
Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.08). The business had revenue of $102.75 million during the quarter, compared to the consensus estimate of $97.44 million. Urban Edge Properties had a net margin of 20.02% and a return on equity of 8.19%. As a group, sell-side analysts anticipate that Urban Edge Properties will post 1.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend is Thursday, September 12th. Urban Edge Properties’s dividend payout ratio is presently 67.18%.
Urban Edge Properties Profile
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 87 properties totaling 16.1 million square feet of gross leasable area.
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