Centersquare Investment Management LLC Acquires 296,324 Shares of Urban Edge Properties (NYSE:UE)

Centersquare Investment Management LLC grew its holdings in Urban Edge Properties (NYSE:UE) by 15.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,171,758 shares of the real estate investment trust’s stock after acquiring an additional 296,324 shares during the quarter. Centersquare Investment Management LLC owned 1.83% of Urban Edge Properties worth $36,334,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of UE. American Century Companies Inc. increased its holdings in shares of Urban Edge Properties by 52.2% in the third quarter. American Century Companies Inc. now owns 1,599,058 shares of the real estate investment trust’s stock worth $24,402,000 after acquiring an additional 548,193 shares in the last quarter. Raymond James & Associates bought a new position in shares of Urban Edge Properties during the fourth quarter worth about $365,000. Asset Management One Co. Ltd. grew its holdings in shares of Urban Edge Properties by 0.6% during 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 buying an additional 1,126 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Urban Edge Properties by 5.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 54,666 shares of the real estate investment trust’s stock worth $1,000,000 after buying an additional 2,841 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in shares of Urban Edge Properties by 1,210.8% during the fourth quarter. Mutual of America Capital Management LLC now owns 270,253 shares of the real estate investment trust’s stock worth $4,946,000 after buying an additional 249,635 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Thursday, July 4th.

Urban Edge Properties Stock Performance

Shares of UE traded down $0.12 during mid-day trading on Friday, reaching $19.57. The company’s stock had a trading volume of 625,836 shares, compared to its average volume of 1,093,699. Urban Edge Properties has a 1-year low of $14.36 and a 1-year high of $19.99. The stock has a market cap of $2.33 billion, a P/E ratio of 8.51 and a beta of 1.54. The business has a 50-day simple moving average of $17.99 and a two-hundred day simple moving average of $17.40. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.25.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.28). The firm had revenue of $109.63 million for the quarter, compared to analyst estimates of $106.38 million. Urban Edge Properties had a return on equity of 24.36% and a net margin of 63.27%. As a group, equities research analysts anticipate that Urban Edge Properties will post 1.27 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, June 14th. This represents a $0.68 annualized dividend and a yield of 3.47%. Urban Edge Properties’s payout ratio is currently 29.57%.

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.