According to Zacks, “Urban Edge Properties is a real estate investment trust that acquires, develops, owns, manages and improves shopping centers in and on the edge of urban communities. It operates within the United States. Urban Edge Properties is based in United States. “
Other equities research analysts have also issued reports about the company. ValuEngine upgraded Urban Edge Properties from a sell rating to a hold rating in a research note on Friday, January 25th. Evercore ISI lowered Urban Edge Properties from an in-line rating to an underperform rating in a research note on Tuesday, February 19th.
Urban Edge Properties (NYSE:UE) last released its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.27). Urban Edge Properties had a net margin of 25.39% and a return on equity of 10.41%. The company had revenue of $100.92 million during the quarter, compared to the consensus estimate of $95.91 million. Analysts forecast that Urban Edge Properties will post 1.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.22 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.88 annualized dividend and a dividend yield of 4.70%. Urban Edge Properties’s dividend payout ratio is currently 67.18%.
In other news, Director Steven Roth sold 5,717,184 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $18.98, for a total value of $108,512,152.32. Following the sale, the director now directly owns 1,327,326 shares in the company, valued at approximately $25,192,647.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its holdings in Urban Edge Properties by 6.6% during the 4th quarter. Advisor Group Inc. now owns 8,344 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 515 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Urban Edge Properties by 1.9% during the 4th quarter. State of Alaska Department of Revenue now owns 35,691 shares of the real estate investment trust’s stock worth $592,000 after buying an additional 653 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in Urban Edge Properties by 0.5% during the 1st quarter. Retirement Systems of Alabama now owns 148,832 shares of the real estate investment trust’s stock worth $2,828,000 after buying an additional 700 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Urban Edge Properties by 2.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 28,523 shares of the real estate investment trust’s stock worth $474,000 after buying an additional 800 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Urban Edge Properties by 4.1% during the 4th quarter. Hsbc Holdings PLC now owns 21,311 shares of the real estate investment trust’s stock worth $355,000 after buying an additional 840 shares in the last quarter. Institutional investors and hedge funds own 83.59% of the company’s stock.
Urban Edge Properties Company 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 88 properties totaling 16.3 million square feet of gross leasable area.
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