Mackenzie Financial Corp Has $903,000 Position in Urban Edge Properties (NYSE:UE)

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

Several other hedge funds have also recently modified their holdings of UE. GF Fund Management CO. LTD. purchased a new stake in Urban Edge Properties in the 4th quarter worth approximately $47,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Urban Edge Properties by 3.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 813,608 shares of the real estate investment trust's stock valued at $17,493,000 after purchasing an additional 30,687 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new stake in shares of Urban Edge Properties in the 4th quarter worth $301,000. Resolution Capital Ltd increased its stake in shares of Urban Edge Properties by 2.5% in the 4th quarter. Resolution Capital Ltd now owns 2,897,436 shares of the real estate investment trust's stock worth $62,295,000 after acquiring an additional 71,290 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of Urban Edge Properties in the 4th quarter worth $816,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Urban Edge Properties Stock Up 0.3%

UE stock traded up $0.06 during trading on Thursday, hitting $18.42. 2,257,821 shares of the company's stock were exchanged, compared to its average volume of 929,430. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. Urban Edge Properties has a 52-week low of $15.66 and a 52-week high of $23.85. The business has a 50-day moving average price of $18.09 and a two-hundred day moving average price of $19.87. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 31.22 and a beta of 1.16.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its 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. The firm had revenue of $118.17 million for the quarter, compared to the consensus estimate of $119.05 million. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. As a group, equities research analysts expect that Urban Edge Properties will post 1.4 EPS 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. Shareholders of record on Friday, June 13th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.13%. The ex-dividend date is Friday, June 13th. Urban Edge Properties's dividend payout ratio is presently 118.75%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Urban Edge Properties news, General Counsel Robert C. Milton sold 26,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $18.78, for a total transaction of $488,280.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is owned by corporate insiders.

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.