Signaturefd LLC Has $51,000 Holdings in Urban Edge Properties (NYSE:UE)

Signaturefd LLC lifted its holdings in shares of Urban Edge Properties (NYSE:UE) by 91.6% during the 2nd quarter, Holdings Channel reports. The firm owned 2,755 shares of the real estate investment trust’s stock after purchasing an additional 1,317 shares during the period. Signaturefd LLC’s holdings in Urban Edge Properties were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jennison Associates LLC lifted its position in Urban Edge Properties by 98.6% during the first quarter. Jennison Associates LLC now owns 2,006,915 shares of the real estate investment trust’s stock worth $34,659,000 after purchasing an additional 996,287 shares during the period. Norges Bank bought a new stake in shares of Urban Edge Properties during the 4th quarter worth approximately $14,894,000. Westwood Holdings Group Inc. lifted its holdings in shares of Urban Edge Properties by 12.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 4,572,054 shares of the real estate investment trust’s stock worth $78,959,000 after acquiring an additional 516,317 shares during the period. Centersquare Investment Management LLC boosted its position in shares of Urban Edge Properties by 15.8% during the 1st quarter. Centersquare Investment Management LLC now owns 2,171,758 shares of the real estate investment trust’s stock worth $36,334,000 after acquiring an additional 296,324 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Urban Edge Properties by 1.0% in the first quarter. Vanguard Group Inc. now owns 18,546,753 shares of the real estate investment trust’s stock valued at $320,302,000 after acquiring an additional 191,258 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties Price Performance

UE stock opened at $20.71 on Thursday. Urban Edge Properties has a 1 year low of $14.36 and a 1 year high of $21.28. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.11 and a quick ratio of 2.11. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 9.00 and a beta of 1.55. The company has a 50 day simple moving average of $19.68 and a 200 day simple moving average of $17.99.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). Urban Edge Properties had a return on equity of 24.65% and a net margin of 66.89%. The company had revenue of $106.36 million for the quarter, compared to analyst estimates of $110.34 million. Research analysts anticipate that Urban Edge Properties will post 1.31 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 3.28%. Urban Edge Properties’s dividend payout ratio is presently 29.57%.

Analysts Set New Price Targets

UE has been the subject of several recent analyst reports. Evercore ISI upped their target price on Urban Edge Properties from $20.00 to $21.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. StockNews.com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd.

Urban Edge Properties Company 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.