Fox Run Management L.L.C. Purchases 7,627 Shares of Urban Edge Properties (NYSE:UE)

Fox Run Management L.L.C. boosted its holdings in Urban Edge Properties (NYSE:UE) by 52.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,307 shares of the real estate investment trust’s stock after acquiring an additional 7,627 shares during the quarter. Fox Run Management L.L.C.’s holdings in Urban Edge Properties were worth $480,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Urban Edge Properties by 76.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,029 shares in the last quarter. USA Financial Formulas bought a new position in Urban Edge Properties during the 4th quarter valued at about $93,000. Quest Partners LLC purchased a new stake in shares of Urban Edge Properties during the 3rd quarter valued at about $101,000. KBC Group NV grew its stake in shares of Urban Edge Properties by 42.1% in the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 1,524 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new position in shares of Urban Edge Properties during the third quarter valued at approximately $206,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties Price Performance

Shares of NYSE:UE opened at $18.96 on Wednesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $2.38 billion, a PE ratio of 32.14 and a beta of 1.54. The firm’s 50 day moving average price is $20.02 and its 200-day moving average price is $21.22. Urban Edge Properties has a twelve month low of $15.81 and a twelve month high of $23.85.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share 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%. Equities research analysts expect that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.19 dividend. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.76 dividend on an annualized basis and a yield of 4.01%. Urban Edge Properties’s dividend payout ratio is presently 128.81%.

Analyst Upgrades and Downgrades

A number of research firms have commented on UE. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th. Evercore ISI cut their price objective on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a 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.