Victory Capital Management Inc. Has $469,000 Stake in Urban Edge Properties (NYSE:UE)

Victory Capital Management Inc. trimmed its stake in Urban Edge Properties (NYSE:UE) by 68.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,384 shares of the real estate investment trust’s stock after selling 54,453 shares during the period. Victory Capital Management Inc.’s holdings in Urban Edge Properties were worth $469,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Urban Edge Properties by 1.0% during 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 purchasing an additional 191,258 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in Urban Edge Properties by 12.7% in the 1st 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 purchasing an additional 516,317 shares during the period. Centersquare Investment Management LLC boosted its holdings in Urban Edge Properties by 15.8% in the 1st 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 purchasing an additional 296,324 shares during the period. Jennison Associates LLC boosted its holdings in Urban Edge Properties by 98.6% in the 1st quarter. Jennison Associates LLC now owns 2,006,915 shares of the real estate investment trust’s stock valued at $34,659,000 after purchasing an additional 996,287 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Urban Edge Properties by 20.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 939,179 shares of the real estate investment trust’s stock valued at $17,187,000 after purchasing an additional 157,792 shares during the period. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Price Performance

Shares of NYSE:UE opened at $21.17 on Monday. The company’s fifty day moving average is $20.31 and its 200 day moving average is $18.33. Urban Edge Properties has a 52 week low of $14.36 and a 52 week high of $21.66. The stock has a market cap of $2.57 billion, a PE ratio of 9.20 and a beta of 1.55. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.19.

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

Urban Edge Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 yield of 3.21%. The ex-dividend date of this dividend is Friday, September 13th. Urban Edge Properties’s payout ratio is currently 29.57%.

Analysts Set New Price Targets

UE has been the subject of a number of research analyst reports. Evercore ISI lifted their price objective 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. StockNews.com upgraded shares of 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.