Westwood Holdings Group Inc. Purchases Shares of 14,630 Urban Edge Properties (NYSE:UE)

Westwood Holdings Group Inc. purchased a new stake in Urban Edge Properties (NYSE:UE) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 14,630 shares of the real estate investment trust’s stock, valued at approximately $254,000.

Other institutional investors have also recently bought and sold shares of the company. NumerixS Investment Technologies Inc raised its holdings in Urban Edge Properties by 98.9% in the 1st quarter. NumerixS Investment Technologies Inc now owns 9,346 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 4,646 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Urban Edge Properties in the 2nd quarter valued at approximately $184,000. Pictet Asset Management Ltd. raised its holdings in Urban Edge Properties by 32.4% in the 1st quarter. Pictet Asset Management Ltd. now owns 19,200 shares of the real estate investment trust’s stock valued at $365,000 after acquiring an additional 4,700 shares in the last quarter. Profund Advisors LLC raised its holdings in Urban Edge Properties by 8.9% in the 2nd quarter. Profund Advisors LLC now owns 20,129 shares of the real estate investment trust’s stock valued at $349,000 after acquiring an additional 1,643 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its holdings in Urban Edge Properties by 5.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 21,930 shares of the real estate investment trust’s stock valued at $380,000 after acquiring an additional 1,090 shares in the last quarter. 86.93% of the stock is owned by hedge funds and other institutional investors.

Shares of UE traded down $0.14 during mid-day trading on Tuesday, reaching $19.29. The company had a trading volume of 41,007 shares, compared to its average volume of 1,015,729. Urban Edge Properties has a twelve month low of $15.96 and a twelve month high of $22.15. The company has a debt-to-equity ratio of 1.53, a current ratio of 6.74 and a quick ratio of 6.74. The company’s 50-day moving average is $17.93 and its 200-day moving average is $18.00. The company has a market capitalization of $2.36 billion, a P/E ratio of 14.73 and a beta of 0.85.



Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.08). Urban Edge Properties had a return on equity of 8.19% and a net margin of 20.02%. The company had revenue of $102.75 million during the quarter, compared to analyst estimates of $97.44 million. As a group, equities analysts expect that Urban Edge Properties will post 1.19 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.22 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.56%. Urban Edge Properties’s payout ratio is presently 67.18%.

Several equities analysts have commented on the company. ValuEngine raised Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Zacks Investment Research raised Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, Compass Point initiated coverage on Urban Edge Properties in a report on Thursday, August 15th. They issued a “buy” rating and a $20.00 target price for the company.

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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