Mutual of America Capital Management LLC Has $4.95 Million Position in Urban Edge Properties (NYSE:UE)

Mutual of America Capital Management LLC boosted its holdings in Urban Edge Properties (NYSE:UE - Free Report) by 1,210.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 270,253 shares of the real estate investment trust's stock after buying an additional 249,635 shares during the quarter. Mutual of America Capital Management LLC owned 0.23% of Urban Edge Properties worth $4,946,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. grew its position in Urban Edge Properties by 13.9% during the 1st quarter. Citigroup Inc. now owns 186,801 shares of the real estate investment trust's stock worth $3,567,000 after purchasing an additional 22,725 shares in the last quarter. Natixis Advisors L.P. grew its position in Urban Edge Properties by 94.1% during the 1st quarter. Natixis Advisors L.P. now owns 24,825 shares of the real estate investment trust's stock worth $474,000 after purchasing an additional 12,032 shares in the last quarter. Bank of Montreal Can grew its position in Urban Edge Properties by 143.9% during the 1st quarter. Bank of Montreal Can now owns 34,601 shares of the real estate investment trust's stock worth $677,000 after purchasing an additional 20,413 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Urban Edge Properties by 160.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,925 shares of the real estate investment trust's stock worth $1,813,000 after purchasing an additional 58,419 shares in the last quarter. Finally, BlackRock Inc. grew its position in Urban Edge Properties by 29.0% during the 1st quarter. BlackRock Inc. now owns 20,450,479 shares of the real estate investment trust's stock worth $390,605,000 after purchasing an additional 4,602,331 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded shares of Urban Edge Properties from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $14.00 to $18.00 in a research report on Thursday, December 21st.

Urban Edge Properties Stock Down 0.4 %

Shares of Urban Edge Properties stock traded down $0.07 on Monday, hitting $16.21. 1,258,498 shares of the company traded hands, compared to its average volume of 895,300. The company has a 50-day moving average price of $16.95 and a 200 day moving average price of $16.88. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.29. Urban Edge Properties has a 12-month low of $13.13 and a 12-month high of $18.79. The company has a market cap of $1.92 billion, a PE ratio of 7.65 and a beta of 1.49.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $1.88 EPS for the quarter, beating the consensus estimate of $0.31 by $1.57. Urban Edge Properties had a net margin of 59.60% and a return on equity of 23.62%. The business had revenue of $106.25 million for the quarter. Sell-side analysts predict that Urban Edge Properties will post 1.27 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.19%. The ex-dividend date was Thursday, March 14th. This is a positive change from Urban Edge Properties's previous quarterly dividend of $0.16. Urban Edge Properties's payout ratio is presently 32.08%.

Insider Activity at Urban Edge Properties

In related news, General Counsel Robert C. Milton III sold 26,333 shares of Urban Edge Properties stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $17.02, for a total value of $448,187.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.30% of the stock is owned by company insiders.

About Urban Edge Properties

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.