Hsbc Holdings PLC Buys 15,415 Shares of Urban Edge Properties (NYSE:UE)

Hsbc Holdings PLC increased its stake in Urban Edge Properties (NYSE:UE) by 19.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,857 shares of the real estate investment trust’s stock after buying an additional 15,415 shares during the quarter. Hsbc Holdings PLC owned about 0.08% of Urban Edge Properties worth $1,732,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Urban Edge Properties by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 18,546,753 shares of the real estate investment trust’s stock worth $320,302,000 after acquiring an additional 191,258 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in shares of Urban Edge Properties by 12.7% during the first quarter. Westwood Holdings Group Inc. now owns 4,572,054 shares of the real estate investment trust’s stock valued at $78,959,000 after buying an additional 516,317 shares during the period. Centersquare Investment Management LLC grew its stake in shares of Urban Edge Properties by 15.8% during the first quarter. Centersquare Investment Management LLC now owns 2,171,758 shares of the real estate investment trust’s stock valued at $36,334,000 after buying an additional 296,324 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Urban Edge Properties by 98.6% in 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 buying an additional 996,287 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Urban Edge Properties by 7.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,757,044 shares of the real estate investment trust’s stock worth $32,452,000 after acquiring an additional 117,152 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Urban Edge Properties Stock Down 0.7 %

Shares of NYSE UE opened at $20.99 on Friday. Urban Edge Properties has a 52-week low of $14.36 and a 52-week high of $21.66. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 9.13 and a beta of 1.55. The stock has a 50 day moving average price of $20.43 and a 200 day moving average price of $18.43. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.11 and a current ratio of 2.11.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.26 earnings per share 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 firm had revenue of $106.36 million during the quarter, compared to analysts’ expectations of $110.34 million. Sell-side analysts expect that Urban Edge Properties will post 1.31 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Friday, September 13th. Urban Edge Properties’s payout ratio is 29.57%.

Analyst Ratings Changes

Several equities analysts have commented on UE shares. StockNews.com raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Evercore ISI upped their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a report on Monday, September 16th.

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.