Daiwa Securities Group Inc. Grows Stake in Urban Edge Properties (NYSE:UE)

Daiwa Securities Group Inc. grew its position in Urban Edge Properties (NYSE:UE) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,057 shares of the real estate investment trust’s stock after purchasing an additional 659 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Urban Edge Properties were worth $883,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of Urban Edge Properties by 1,499.6% during the third quarter. Wellington Management Group LLP now owns 1,599,628 shares of the real estate investment trust’s stock valued at $34,216,000 after buying an additional 1,499,628 shares during the last quarter. FMR LLC grew its holdings in shares of Urban Edge Properties by 8.6% during the third quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock valued at $297,568,000 after buying an additional 1,096,560 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Urban Edge Properties by 438.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 782,921 shares of the real estate investment trust’s stock valued at $16,747,000 after buying an additional 637,587 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Urban Edge Properties by 718.6% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 447,487 shares of the real estate investment trust’s stock valued at $9,621,000 after buying an additional 392,820 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Urban Edge Properties by 7.8% during the third quarter. Jennison Associates LLC now owns 2,966,029 shares of the real estate investment trust’s stock valued at $63,443,000 after buying an additional 215,879 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UE. Evercore ISI dropped their price objective on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. StockNews.com lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Wednesday.

Urban Edge Properties Trading Up 0.7 %

NYSE UE opened at $18.47 on Friday. The company has a market capitalization of $2.32 billion, a PE ratio of 31.31 and a beta of 1.54. The company has a fifty day moving average of $20.22 and a 200 day moving average of $21.32. Urban Edge Properties has a 1 year low of $15.81 and a 1 year high of $23.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. Research analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 14th. 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 yield of 4.11%. Urban Edge Properties’s payout ratio is currently 128.81%.

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.