Vanguard Personalized Indexing Management LLC Sells 961 Shares of Urban Edge Properties (NYSE:UE)

Vanguard Personalized Indexing Management LLC reduced its position in shares of Urban Edge Properties (NYSE:UE) by 8.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 10,530 shares of the real estate investment trust’s stock after selling 961 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Urban Edge Properties were worth $194,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in 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 valued at $320,302,000 after buying an additional 191,258 shares during the period. Westwood Holdings Group Inc. raised its holdings in 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 valued at $78,959,000 after buying an additional 516,317 shares during the period. Centersquare Investment Management LLC raised its holdings in 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 valued at $36,334,000 after buying an additional 296,324 shares during the period. Jennison Associates LLC raised its holdings in Urban Edge Properties by 98.6% during 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 buying an additional 996,287 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in 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 valued at $32,452,000 after buying an additional 117,152 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Stock Performance

UE stock opened at $21.40 on Tuesday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.19. The business’s fifty day simple moving average is $20.50 and its two-hundred day simple moving average is $18.51. Urban Edge Properties has a twelve month low of $14.36 and a twelve month high of $21.66. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 9.30 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 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $106.36 million during the quarter, compared to analysts’ expectations of $110.34 million. Analysts predict that Urban Edge Properties will post 1.31 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 3.18%. Urban Edge Properties’s dividend payout ratio is currently 29.57%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on UE shares. 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 report on Monday, September 16th. StockNews.com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Friday, August 2nd.

About Urban Edge Properties

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.