47,518 Shares in Urban Edge Properties (NYSE:UE) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Urban Edge Properties (NYSE:UE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 47,518 shares of the real estate investment trust's stock, valued at approximately $1,022,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UE. Bank of Montreal Can increased its holdings in shares of Urban Edge Properties by 6.4% in the 4th quarter. Bank of Montreal Can now owns 17,911 shares of the real estate investment trust's stock worth $385,000 after buying an additional 1,078 shares during the last quarter. Cerity Partners LLC increased its stake in Urban Edge Properties by 87.6% in the fourth quarter. Cerity Partners LLC now owns 78,740 shares of the real estate investment trust's stock valued at $1,690,000 after acquiring an additional 36,757 shares during the last quarter. FMR LLC increased its stake in Urban Edge Properties by 6.0% in the fourth quarter. FMR LLC now owns 14,747,456 shares of the real estate investment trust's stock valued at $317,070,000 after acquiring an additional 835,885 shares during the last quarter. Federated Hermes Inc. raised its position in Urban Edge Properties by 67.4% during the fourth quarter. Federated Hermes Inc. now owns 21,389 shares of the real estate investment trust's stock valued at $460,000 after purchasing an additional 8,613 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Urban Edge Properties during the fourth quarter worth about $365,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties Trading Up 1.3 %

Shares of UE opened at $18.55 on Monday. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $23.85. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 31.44 and a beta of 1.16. The firm has a 50 day moving average price of $18.59 and a 200-day moving average price of $20.55. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. The business had revenue of $118.17 million during the quarter, compared to the consensus estimate of $119.05 million. As a group, equities research analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.10%. This is a positive change from Urban Edge Properties's previous quarterly dividend of $0.17. The ex-dividend date was Friday, March 14th. Urban Edge Properties's dividend payout ratio (DPR) is presently 118.75%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th.

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.

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