Urban Edge Properties (NYSE:UE) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Urban Edge Properties (NYSE:UE) from a sell rating to a hold rating in a report issued on Tuesday.

Urban Edge Properties Price Performance

Shares of NYSE UE opened at $18.22 on Tuesday. Urban Edge Properties has a 1 year low of $14.36 and a 1 year high of $18.79. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.76 and a quick ratio of 1.76. The company’s 50-day moving average is $17.37 and its 200 day moving average is $17.35. The stock has a market capitalization of $2.16 billion, a P/E ratio of 7.92 and a beta of 1.51.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.28). Urban Edge Properties had a return on equity of 24.36% and a net margin of 63.27%. The business had revenue of $109.63 million for the quarter, compared to the consensus estimate of $106.38 million. On average, sell-side analysts expect that Urban Edge Properties will post 1.27 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Friday, June 14th. Urban Edge Properties’s payout ratio is currently 29.57%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. M&T Bank Corp raised its holdings in shares of Urban Edge Properties by 8.3% during the fourth quarter. M&T Bank Corp now owns 11,723 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 901 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Urban Edge Properties by 0.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 183,314 shares of the real estate investment trust’s stock worth $3,421,000 after purchasing an additional 1,126 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Urban Edge Properties by 34.3% in the fourth quarter. Quadrant Capital Group LLC now owns 4,548 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 1,162 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of Urban Edge Properties by 1.9% in the first quarter. Illinois Municipal Retirement Fund now owns 67,442 shares of the real estate investment trust’s stock worth $1,165,000 after purchasing an additional 1,264 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in shares of Urban Edge Properties by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 102,959 shares of the real estate investment trust’s stock worth $1,778,000 after purchasing an additional 1,377 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

About Urban Edge Properties

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.