Balasa Dinverno & Foltz LLC Purchases 1,300 Shares of Urban Edge Properties (NYSE:UE)

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Balasa Dinverno & Foltz LLC lifted its position in Urban Edge Properties (NYSE:UE) by 5.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,800 shares of the real estate investment trust’s stock after buying an additional 1,300 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in Urban Edge Properties were worth $25,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cohen & Steers Inc. lifted its position in Urban Edge Properties by 23.5% during the second quarter. Cohen & Steers Inc. now owns 12,762,920 shares of the real estate investment trust’s stock valued at $221,181,000 after purchasing an additional 2,432,263 shares during the period. Long Pond Capital LP bought a new position in Urban Edge Properties during the second quarter valued at approximately $34,713,000. Invesco Ltd. lifted its position in Urban Edge Properties by 37.5% during the second quarter. Invesco Ltd. now owns 2,078,646 shares of the real estate investment trust’s stock valued at $36,023,000 after purchasing an additional 567,090 shares during the period. Carlson Capital L P lifted its position in Urban Edge Properties by 54.6% during the second quarter. Carlson Capital L P now owns 1,315,458 shares of the real estate investment trust’s stock valued at $22,797,000 after purchasing an additional 464,678 shares during the period. Finally, BlackRock Inc. lifted its position in Urban Edge Properties by 2.0% during the second quarter. BlackRock Inc. now owns 16,530,870 shares of the real estate investment trust’s stock valued at $286,481,000 after purchasing an additional 320,334 shares during the period. Hedge funds and other institutional investors own 86.93% of the company’s stock.

Shares of Urban Edge Properties stock opened at $20.62 on Thursday. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 15.74 and a beta of 0.88. The company’s 50 day moving average is $20.39 and its 200 day moving average is $18.38. Urban Edge Properties has a twelve month low of $15.96 and a twelve month high of $21.74. The company has a quick ratio of 7.97, a current ratio of 7.97 and a debt-to-equity ratio of 1.49.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.15. The company had revenue of $91.24 million for the quarter, compared to the consensus estimate of $94.02 million. Urban Edge Properties had a net margin of 28.69% and a return on equity of 11.11%. Sell-side analysts expect that Urban Edge Properties will post 1.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.88 annualized dividend and a yield of 4.27%. Urban Edge Properties’s payout ratio is presently 67.18%.

UE has been the topic of a number of research analyst reports. Compass Point initiated coverage on shares of Urban Edge Properties in a research report on Thursday, August 15th. They set a “buy” rating and a $20.00 price objective on the stock. Zacks Investment Research upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, ValuEngine upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 6th.

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 87 properties totaling 16.1 million square feet of gross leasable area.

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

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