Cerity Partners LLC Buys 36,757 Shares of Urban Edge Properties (NYSE:UE)

Cerity Partners LLC grew its position in shares of Urban Edge Properties (NYSE:UE - Free Report) by 87.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,740 shares of the real estate investment trust's stock after buying an additional 36,757 shares during the quarter. Cerity Partners LLC owned 0.06% of Urban Edge Properties worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings 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 buying an additional 1,029 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Urban Edge Properties during the 4th quarter valued at $93,000. KBC Group NV increased its stake in shares of Urban Edge Properties by 42.1% in the 4th quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock worth $111,000 after purchasing an additional 1,524 shares in the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of Urban Edge Properties in the 3rd quarter worth $206,000. Finally, Blue Trust Inc. raised its holdings in Urban Edge Properties by 22.8% in the 4th quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust's stock worth $209,000 after purchasing an additional 1,813 shares during the period. 94.94% of the stock is owned by institutional investors.

Urban Edge Properties Price Performance

Shares of UE traded up $0.25 during trading hours on Tuesday, reaching $18.28. 756,602 shares of the stock traded hands, compared to its average volume of 912,392. Urban Edge Properties has a 52-week low of $15.66 and a 52-week high of $23.85. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. The company has a market cap of $2.30 billion, a P/E ratio of 30.99 and a beta of 1.28. The company's 50-day moving average price is $18.91 and its two-hundred day moving average price is $20.73.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings data 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 return on equity of 5.59% and a net margin of 16.31%. On average, analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.19 per share. This is a positive change from Urban Edge Properties's previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Friday, March 14th. Urban Edge Properties's dividend payout ratio (DPR) is 128.81%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UE. StockNews.com upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th. Evercore ISI reduced their target price on shares of Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th.

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.