Urban Edge Properties (NYSE:UE) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in Urban Edge Properties (NYSE:UE) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,057 shares of the real estate investment trust’s stock after acquiring an additional 659 shares during the period. Daiwa Securities Group Inc.’s holdings in Urban Edge Properties were worth $883,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of UE. Principal Financial Group Inc. raised its position 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 worth $13,912,000 after acquiring an additional 64,221 shares during the period. Assetmark Inc. raised its position in shares of Urban Edge Properties by 5.0% during the 3rd quarter. Assetmark Inc. now owns 41,523 shares of the real estate investment trust’s stock worth $888,000 after purchasing an additional 1,965 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Urban Edge Properties during the 3rd quarter worth about $206,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Urban Edge Properties by 3.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,676 shares of the real estate investment trust’s stock worth $2,838,000 after purchasing an additional 4,080 shares during the last quarter. Finally, Metis Global Partners LLC acquired a new position in shares of Urban Edge Properties during the 3rd quarter worth about $267,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Stock Up 0.7 %

Shares of NYSE UE opened at $18.47 on Friday. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85. The stock has a market cap of $2.32 billion, a PE ratio of 31.31 and a beta of 1.54. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average of $20.22 and a 200 day moving average of $21.32.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating 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, sell-side analysts predict that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.17. Urban Edge Properties’s dividend payout ratio is currently 128.81%.

Analyst Ratings Changes

UE has been the subject of several research analyst reports. StockNews.com downgraded shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Wednesday. Evercore ISI reduced their price target on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th.

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.