Urban Edge Properties (NYSE:UE) Reaches New 52-Week High at $18.79

Urban Edge Properties (NYSE:UE)’s stock price hit a new 52-week high on Thursday . The company traded as high as $18.79 and last traded at $18.74, with a volume of 42074 shares traded. The stock had previously closed at $18.40.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Thursday, July 4th.

Urban Edge Properties Trading Up 2.2 %

The business’s 50 day moving average price is $17.75 and its two-hundred day moving average price is $17.37. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 8.42 and a beta of 1.54. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.76 and a current ratio of 1.76.

Urban Edge Properties (NYSE:UE) last released its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.28). Urban Edge Properties had a return on equity of 24.36% and a net margin of 63.27%. The business had revenue of $109.63 million during the quarter, compared to the consensus estimate of $106.38 million. Equities analysts forecast that Urban Edge Properties will post 1.27 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.51%. Urban Edge Properties’s payout ratio is currently 29.57%.

Institutional Trading of Urban Edge Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. M&T Bank Corp raised its holdings in shares of Urban Edge Properties by 8.3% in the 4th quarter. M&T Bank Corp now owns 11,723 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 901 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Urban Edge Properties by 0.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 183,314 shares of the real estate investment trust’s stock valued at $3,421,000 after acquiring an additional 1,126 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Urban Edge Properties by 34.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,548 shares of the real estate investment trust’s stock valued at $83,000 after acquiring an additional 1,162 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of Urban Edge Properties by 1.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 67,442 shares of the real estate investment trust’s stock valued at $1,165,000 after acquiring an additional 1,264 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in shares of Urban Edge Properties by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 102,959 shares of the real estate investment trust’s stock valued at $1,778,000 after acquiring an additional 1,377 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Company Profile

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.