Van ECK Associates Corp Has $339,000 Stake in Urban Edge Properties (NYSE:UE)

Van ECK Associates Corp boosted its holdings in shares of Urban Edge Properties (NYSE:UE) by 11.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,330 shares of the real estate investment trust’s stock after buying an additional 1,849 shares during the period. Van ECK Associates Corp’s holdings in Urban Edge Properties were worth $339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC boosted its position in shares of Urban Edge Properties by 91.6% during the 2nd quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,317 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Urban Edge Properties by 34.3% in the 4th quarter. Quadrant Capital Group LLC now owns 4,548 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 1,162 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Urban Edge Properties in the 1st quarter worth approximately $171,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Urban Edge Properties during the 4th quarter worth approximately $183,000. Finally, M&T Bank Corp boosted its stake in 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 valued at $215,000 after buying an additional 901 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

UE has been the subject of several analyst reports. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Evercore ISI boosted their target price on Urban Edge Properties from $20.00 to $21.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th.

Urban Edge Properties Price Performance

UE opened at $20.58 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.11 and a quick ratio of 2.11. The stock has a market capitalization of $2.50 billion, a P/E ratio of 8.95 and a beta of 1.55. The company’s 50 day simple moving average is $19.77 and its 200-day simple moving average is $18.04. Urban Edge Properties has a one year low of $14.36 and a one year high of $21.28.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The firm had revenue of $106.36 million during the quarter, compared to the consensus estimate of $110.34 million. Urban Edge Properties had a net margin of 66.89% and a return on equity of 24.65%. Sell-side analysts anticipate that Urban Edge Properties will post 1.31 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 3.30%. Urban Edge Properties’s dividend payout ratio is currently 29.57%.

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.