Urban Edge Properties (NYSE:UE) Stake Raised by Sei Investments Co.

Sei Investments Co. lifted its holdings in shares of Urban Edge Properties (NYSE:UE) by 32.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 909,459 shares of the real estate investment trust’s stock after buying an additional 220,715 shares during the period. Sei Investments Co.’s holdings in Urban Edge Properties were worth $16,798,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UE. Vanguard Personalized Indexing Management LLC acquired a new position in Urban Edge Properties during the 4th quarter worth $183,000. Norges Bank acquired a new stake in Urban Edge Properties in the fourth quarter worth about $14,894,000. Hsbc Holdings PLC grew its position in Urban Edge Properties by 11.4% in the 4th quarter. Hsbc Holdings PLC now owns 65,060 shares of the real estate investment trust’s stock valued at $1,191,000 after buying an additional 6,672 shares in the last quarter. Evoke Wealth LLC acquired a new position in Urban Edge Properties during the 4th quarter valued at about $1,106,000. Finally, Campbell & CO Investment Adviser LLC raised its position in shares of Urban Edge Properties by 146.8% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 43,597 shares of the real estate investment trust’s stock worth $798,000 after buying an additional 25,929 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UE. StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Evercore ISI increased their price target on Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research note on Monday, September 16th.

Urban Edge Properties Price Performance

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

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

Urban Edge Properties Dividend Announcement

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

Urban Edge Properties 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.