Fox Run Management L.L.C. boosted its stake in Urban Edge Properties (NYSE:UE - Free Report) by 107.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,176 shares of the real estate investment trust's stock after purchasing an additional 23,869 shares during the quarter. Fox Run Management L.L.C.'s holdings in Urban Edge Properties were worth $877,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. GF Fund Management CO. LTD. bought a new stake in shares of Urban Edge Properties in the 4th quarter worth about $47,000. Quarry LP bought a new stake in shares of Urban Edge Properties in the 4th quarter worth about $49,000. Sterling Capital Management LLC increased its holdings in shares of Urban Edge Properties by 858.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust's stock worth $85,000 after buying an additional 3,555 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Urban Edge Properties in the 1st quarter worth about $118,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Urban Edge Properties in the 4th quarter worth about $206,000. Hedge funds and other institutional investors own 94.94% of the company's stock.
Wall Street Analyst Weigh In
UE has been the topic of a number of research reports. BTIG Research initiated coverage on shares of Urban Edge Properties in a report on Monday. They issued a "buy" rating and a $23.00 target price on the stock. Wall Street Zen upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd.
Read Our Latest Analysis on UE
Urban Edge Properties Stock Performance
Shares of NYSE:UE opened at $19.50 on Friday. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 23.21 and a beta of 1.24. Urban Edge Properties has a 12 month low of $15.66 and a 12 month high of $23.85. The firm's 50-day moving average is $19.13 and its 200 day moving average is $18.99. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 1.09.
Urban Edge Properties (NYSE:UE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The company had revenue of $113.91 million for the quarter, compared to the consensus estimate of $115.99 million. Urban Edge Properties had a net margin of 22.86% and a return on equity of 7.74%. Research analysts predict that Urban Edge Properties will post 1.4 EPS for the current year.
Urban Edge Properties Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, September 15th. Urban Edge Properties's dividend payout ratio is presently 90.48%.
About Urban Edge Properties
(
Free Report)
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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