Urban Edge Properties (NYSE:UE) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in shares of Urban Edge Properties (NYSE:UE) by 12.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 35,790 shares of the real estate investment trust’s stock after buying an additional 4,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Urban Edge Properties were worth $766,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Arizona State Retirement System raised its position in shares of Urban Edge Properties by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 32,958 shares of the real estate investment trust’s stock worth $609,000 after purchasing an additional 627 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Urban Edge Properties by 7.4% in the 2nd quarter. Mackenzie Financial Corp now owns 11,978 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 822 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in Urban Edge Properties by 1.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 67,442 shares of the real estate investment trust’s stock valued at $1,165,000 after acquiring an additional 1,264 shares during the last quarter. Signaturefd LLC raised its holdings in Urban Edge Properties by 91.6% in the 2nd quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,317 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its holdings in Urban Edge Properties by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 102,959 shares of the real estate investment trust’s stock valued at $1,778,000 after acquiring an additional 1,377 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties Stock Up 0.8 %

Shares of NYSE UE opened at $21.24 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 fifty day moving average of $20.71 and a 200-day moving average of $18.78. The stock has a market capitalization of $2.58 billion, a PE ratio of 8.60 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 announced its quarterly 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 for the quarter, compared to analysts’ expectations of $110.34 million. On average, analysts anticipate that Urban Edge Properties will post 1.31 EPS for the current year.

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 3.20%. Urban Edge Properties’s dividend payout ratio (DPR) is 27.53%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Evercore ISI boosted 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.

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.