Thrivent Financial for Lutherans Raises Holdings in Urban Edge Properties (NYSE:UE)

Thrivent Financial for Lutherans increased its holdings in Urban Edge Properties (NYSE:UE) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 96,519 shares of the real estate investment trust’s stock after purchasing an additional 1,237 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Urban Edge Properties were worth $2,075,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of UE. Wellington Management Group LLP boosted its holdings in shares of Urban Edge Properties by 1,499.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,599,628 shares of the real estate investment trust’s stock valued at $34,216,000 after buying an additional 1,499,628 shares in the last quarter. FMR LLC boosted its stake in Urban Edge Properties by 8.6% in the third quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock valued at $297,568,000 after acquiring an additional 1,096,560 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Urban Edge Properties by 438.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 782,921 shares of the real estate investment trust’s stock valued at $16,747,000 after acquiring an additional 637,587 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in Urban Edge Properties by 718.6% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 447,487 shares of the real estate investment trust’s stock worth $9,621,000 after purchasing an additional 392,820 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Urban Edge Properties by 6.9% during the fourth quarter. Jennison Associates LLC now owns 3,169,598 shares of the real estate investment trust’s stock worth $68,146,000 after purchasing an additional 203,569 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Trading Up 0.1 %

Shares of Urban Edge Properties stock opened at $18.88 on Friday. The firm’s 50 day simple moving average is $19.95 and its two-hundred day simple moving average is $21.18. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 32.00 and a beta of 1.54. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. Analysts predict that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.03%. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, March 14th. Urban Edge Properties’s dividend payout ratio (DPR) is presently 128.81%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UE. Evercore ISI lowered their price objective on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. StockNews.com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th.

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.