Northern Trust Corp boosted its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 27.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,971,784 shares of the real estate investment trust's stock after purchasing an additional 421,513 shares during the quarter. Northern Trust Corp owned approximately 1.58% of Urban Edge Properties worth $42,393,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Barclays PLC boosted its position in shares of Urban Edge Properties by 346.2% in the 3rd quarter. Barclays PLC now owns 221,007 shares of the real estate investment trust's stock valued at $4,727,000 after purchasing an additional 171,478 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Urban Edge Properties by 11.0% in the third quarter. Principal Financial Group Inc. now owns 650,407 shares of the real estate investment trust's stock valued at $13,912,000 after buying an additional 64,221 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Urban Edge Properties by 30.5% in the third quarter. JPMorgan Chase & Co. now owns 671,934 shares of the real estate investment trust's stock valued at $14,373,000 after buying an additional 156,874 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Urban Edge Properties in the fourth quarter valued at approximately $93,000. Finally, Blue Trust Inc. boosted its stake 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 valued at $209,000 after buying an additional 1,813 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Urban Edge Properties from a "hold" rating to a "sell" rating in a research note on Monday, May 5th.
Read Our Latest Stock Report on Urban Edge Properties
Urban Edge Properties Price Performance
UE traded down $0.26 during trading on Wednesday, reaching $18.50. 116,448 shares of the stock were exchanged, compared to its average volume of 912,927. The business's 50 day moving average price is $18.33 and its two-hundred day moving average price is $20.39. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 31.35 and a beta of 1.16. Urban Edge Properties has a 1 year low of $15.66 and a 1 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 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. The business had revenue of $118.17 million during the quarter, compared to the consensus estimate of $119.05 million. As a group, equities research analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current year.
Urban Edge Properties Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.76 annualized dividend and a yield of 4.11%. Urban Edge Properties's dividend payout ratio (DPR) is presently 118.75%.
Urban Edge Properties Profile
(
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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