Nuveen Asset Management LLC increased its stake in Urban Edge Properties (NYSE:UE) by 942.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 133,611 shares of the real estate investment trust’s stock after buying an additional 120,800 shares during the period. Nuveen Asset Management LLC owned 0.12% of Urban Edge Properties worth $2,853,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Advisor Group Inc. boosted its stake in Urban Edge Properties by 415.5% during the 4th quarter. Advisor Group Inc. now owns 4,841 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 3,902 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Urban Edge Properties during the 4th quarter valued at $200,000. BB&T Securities LLC purchased a new position in shares of Urban Edge Properties in the 4th quarter worth $255,000. Elkfork Partners LLC purchased a new position in shares of Urban Edge Properties in the 4th quarter worth $263,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Urban Edge Properties in the 4th quarter worth $298,000. Institutional investors own 89.12% of the company’s stock.
A number of equities analysts have recently issued reports on the company. ValuEngine downgraded Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Friday, June 8th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $25.00.
Urban Edge Properties (NYSE:UE) last announced its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). Urban Edge Properties had a return on equity of 3.82% and a net margin of 9.78%. The company had revenue of $99.05 million during the quarter, compared to the consensus estimate of $97.75 million. analysts predict that Urban Edge Properties will post 1.35 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.84%. Urban Edge Properties’s dividend payout ratio is currently 65.67%.
Urban Edge Properties Profile
Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 90 properties totaling 16.7 million square feet of gross leasable area.
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