Urban Edge Properties (NYSE:UE) Shares Acquired by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lifted its stake in Urban Edge Properties (NYSE:UE - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 261,635 shares of the real estate investment trust's stock after acquiring an additional 14,465 shares during the period. CANADA LIFE ASSURANCE Co owned 0.21% of Urban Edge Properties worth $5,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its position in Urban Edge Properties by 76.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 1,029 shares during the period. Sterling Capital Management LLC grew its holdings in Urban Edge Properties by 858.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust's stock worth $85,000 after acquiring an additional 3,555 shares during the period. USA Financial Formulas purchased a new position in shares of Urban Edge Properties during the 4th quarter valued at approximately $93,000. KBC Group NV boosted its holdings in Urban Edge Properties by 42.1% during the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock worth $111,000 after buying an additional 1,524 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Urban Edge Properties by 22.8% in the fourth quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust's stock worth $209,000 after acquiring an additional 1,813 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Urban Edge Properties Stock Down 2.4 %

UE stock traded down $0.44 during mid-day trading on Tuesday, reaching $18.09. The company had a trading volume of 251,522 shares, compared to its average volume of 917,159. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $23.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 30.76 and a beta of 1.28. The firm has a fifty day simple moving average of $18.75 and a 200 day simple moving average of $20.65.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. Analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.20%. This is an increase from Urban Edge Properties's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, March 14th. Urban Edge Properties's dividend payout ratio (DPR) is presently 128.81%.

Wall Street Analyst Weigh In

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

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.