1 week Ago By Defense World Staff
Wells Fargo & Company MN raised its holdings in Urban Edge Properties (NYSE:UE – Free Report) by 23.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 93,381 shares of the real estate investment trust’s stock after buying an additional 17,717 shares during the quarter.
Wells Fargo & Company MN owned about 0.07% of Urban Edge Properties worth $2,008,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business.
Smartleaf Asset Management LLC raised its position in shares of Urban Edge Properties by 76.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,029 shares in the last quarter.
USA Financial Formulas bought a new position in Urban Edge Properties in the fourth quarter worth $93,000. KBC Group NV lifted its position in Urban Edge Properties by 42.1% during the fourth quarter.
KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 1,524 shares during the period. Blue Trust Inc. grew its position in shares of Urban Edge Properties by 22.
8% in the 4th quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 1,813 shares during the period.
Finally, Custom Index Systems LLC bought a new position in shares of Urban Edge Properties in the 4th quarter worth about $213,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.
Urban Edge Properties Trading Up 0.7 %Urban Edge Properties stock opened at $18.49 on Friday.
Urban Edge Properties has a 12 month low of $15.66 and a 12 month high of $23.85.
The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 31.34 and a beta of 1.
28. The business’s fifty day simple moving average is $18.78 and its two-hundred day simple moving average is $20.
67. 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 (NYSE:UE – Get Free Report) last issued its earnings results on Wednesday, February 12th.
The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.
25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.
59%. As a group, equities analysts predict that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.
Urban Edge Properties Increases DividendThe firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.19 per share.
This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.17. This represents a $0.
76 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Friday, March 14th.
Urban Edge Properties’s dividend payout ratio is presently 128.81%. Wall Street Analyst Weigh InSeparately, StockNews.
com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 20th.View Our Latest Stock Analysis on Urban Edge PropertiesAbout 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.Featured ArticlesFive stocks we like better than Urban Edge PropertiesHow to Calculate Return on Investment (ROI)Short Sellers Gave Up on These 3 Names RecentlyWhat is a buyback in stocks? A comprehensive guide for investors3 Boring Stocks Outperforming the Market This YearHow to Know Which Cryptocurrency to Buy: A Guide for InvestorsIf You Wanted To Buy AbbVie and Didn’t, There’s Still Time To BuyWant to see what other hedge funds are holding UE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban Edge Properties (NYSE:UE – Free Report).
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