Fisher Asset Management LLC purchased a new stake in shares of Urban Edge Properties (NYSE:UE – Get Rating ) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,582,570 shares of the real estate investment trust’s stock, valued at approximately $22,298,000. Fisher Asset Management LLC owned 1.35% of Urban Edge Properties as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Point72 Hong Kong Ltd bought a new position in shares of Urban Edge Properties in the first quarter worth about $39,000. Guardian Wealth Advisors LLC bought a new position in Urban Edge Properties in the third quarter valued at approximately $42,000. Quantbot Technologies LP bought a new position in Urban Edge Properties during the first quarter valued at approximately $47,000. Wipfli Financial Advisors LLC bought a new stake in Urban Edge Properties during the third quarter valued at approximately $76,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Urban Edge Properties by 66.6% in the third quarter. Tower Research Capital LLC TRC now owns 8,574 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 3,426 shares during the last quarter. 97.35% of the shares are currently owned by hedge funds and other institutional investors.
Promote and demote an analyst
Separately, StockNews.com began coverage on shares of Urban Edge Properties in a research report on Thursday, March 16th. They assign a sell rating to the company.
Urban Edge Properties traded down 0.1%
Shares of NYSE UE opened at $14.73 on Monday. Urban Edge Properties has a fifty-two week low of $12.91 and a fifty-two week high of $19.71. The company has a debt-to-equity ratio of 1.64, a quick earnings ratio of 2.06, and a current ratio of 2.06. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 36.83 and a beta of 1.54. The business’s 50-day moving average is $14.76 and its 200-day moving average is $14.73.
Urban Edge Properties (NYSE:UE – Get Rating ) last announced its quarterly earnings data on Tuesday, February 14th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.18). Urban Edge Properties had a net margin of 11.60% and a return on equity of 4.46%. The business had revenue of $101.33 million during the quarter, compared to the consensus estimate of $101.36 million. On average, sell-side analysts expect that Urban Edge Properties will post 1.16 earnings per share for the current year.
Urban Edge Properties announces dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Wednesday, March 15th were given a $0.16 dividend. The ex-dividend date was Tuesday, March 14th. This represents a $0.64 annual dividend and a yield of 4.34%. Urban Edge Properties’s dividend payout ratio (DPR) is currently 160.00%.
Internal activity
In other news, General Counsel Robert S. Milton III sold 20,000 shares of Urban Edge Properties stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $15.83, for a total value of $316,600.00. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. Insiders own 3.10% of the company’s stock.
About Urban Edge Properties
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Urban Edge Properties is a real estate investment trust engaged in the acquisition, development, redevelopment and management of retail real estate. Its portfolio includes shopping centers, malls and industrial parks. The company was founded on June 18, 2014 and is headquartered in New York, New York.
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