Mackenzie Financial Corp Raises Stock Holdings in Urban Edge Properties (NYSE:UE)

Mackenzie Financial Corp boosted its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 115.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,980 shares of the real estate investment trust's stock after buying an additional 22,512 shares during the period. Mackenzie Financial Corp's holdings in Urban Edge Properties were worth $903,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UE. GF Fund Management CO. LTD. bought a new stake in shares of Urban Edge Properties during the 4th quarter valued at about $47,000. Quarry LP purchased a new stake in Urban Edge Properties in the fourth quarter valued at approximately $49,000. 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 last quarter. Sterling Capital Management LLC grew its stake in 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 in the last quarter. Finally, KBC Group NV increased its holdings 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 buying an additional 1,524 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties Price Performance

NYSE:UE traded down $0.03 during mid-day trading on Tuesday, reaching $18.17. The stock had a trading volume of 1,032,409 shares, compared to its average volume of 920,545. The stock has a market capitalization of $2.28 billion, a P/E ratio of 30.79 and a beta of 1.16. The firm has a 50 day moving average price of $18.13 and a two-hundred day moving average price of $19.92. 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 has a one year low of $15.66 and a one year high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $118.17 million during the quarter, compared to analysts' expectations of $119.05 million. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. As a group, analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, June 13th. Urban Edge Properties's dividend payout ratio (DPR) is presently 118.75%.

Insider Activity at Urban Edge Properties

In other news, General Counsel Robert C. Milton sold 26,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $18.78, for a total transaction of $488,280.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Urban Edge Properties from a "hold" rating to a "sell" rating in a research report on Monday, May 5th.

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.