Urban Edge Properties (UE) Stake Increased by Mason Street Advisors LLC

Mason Street Advisors LLC boosted its position in shares of Urban Edge Properties (NYSE:UE) by 1.2% during the first quarter, Holdings Channel reports. The fund owned 43,353 shares of the real estate investment trust’s stock after buying an additional 525 shares during the period. Mason Street Advisors LLC’s holdings in Urban Edge Properties were worth $1,140,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of UE. FMR LLC raised its position in shares of Urban Edge Properties by 1.2% in the fourth quarter. FMR LLC now owns 14,538,837 shares of the real estate investment trust’s stock worth $399,963,000 after buying an additional 169,167 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Urban Edge Properties by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,305,016 shares of the real estate investment trust’s stock worth $35,900,000 after buying an additional 9,569 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Urban Edge Properties by 5.8% in the first quarter. Bank of New York Mellon Corp now owns 1,299,753 shares of the real estate investment trust’s stock worth $34,184,000 after buying an additional 71,751 shares during the last quarter. Norges Bank purchased a new position in shares of Urban Edge Properties during the fourth quarter worth $31,865,000. Finally, Russell Investments Group Ltd. raised its position in shares of Urban Edge Properties by 76.0% in the first quarter. Russell Investments Group Ltd. now owns 744,031 shares of the real estate investment trust’s stock worth $19,566,000 after buying an additional 321,386 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Institutional Ownership by Quarter for Urban Edge Properties (NYSE:UE)

Urban Edge Properties (NYSE UE) opened at 24.01 on Friday. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 19.68 and a beta of 0.62. Urban Edge Properties has a 52-week low of $23.33 and a 52-week high of $30.29. The company has a 50-day moving average price of $25.12 and a 200 day moving average price of $26.67.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.33 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.33. The company had revenue of $126.06 million during the quarter, compared to the consensus estimate of $86.54 million. Urban Edge Properties had a net margin of 26.92% and a return on equity of 18.08%. On average, analysts expect that Urban Edge Properties will post $1.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.67%. Urban Edge Properties’s payout ratio is 101.15%.

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UE has been the subject of a number of research analyst reports. Zacks Investment Research lowered Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Evercore ISI lowered Urban Edge Properties from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd.

About Urban Edge Properties

Urban Edge Properties is a real estate investment trust. The Company is focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. Urban Edge Properties LP (UELP or the Operating Partnership) serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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