Urban Edge Properties (UE) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in shares of Urban Edge Properties (NYSE:UE) by 18.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,822 shares of the real estate investment trust’s stock after acquiring an additional 39,710 shares during the quarter. Asset Management One Co. Ltd. owned about 0.22% of Urban Edge Properties worth $6,099,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacad Investment Ltd. bought a new position in shares of Urban Edge Properties during the 2nd quarter worth about $149,000. Riverhead Capital Management LLC boosted its position in shares of Urban Edge Properties by 108.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,351 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 4,351 shares in the last quarter. GAM Holding AG boosted its position in shares of Urban Edge Properties by 10.5% during the 2nd quarter. GAM Holding AG now owns 8,399 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 800 shares in the last quarter. Madden Advisory Services Inc. bought a new position in shares of Urban Edge Properties during the 3rd quarter worth about $202,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Urban Edge Properties by 59.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,536 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 3,177 shares in the last quarter. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties (UE) opened at $26.09 on Tuesday. The stock has a market cap of $2,935.35, a PE ratio of 19.39 and a beta of 0.61. The company has a current ratio of 7.58, a quick ratio of 7.58 and a debt-to-equity ratio of 1.36. Urban Edge Properties has a 1 year low of $23.13 and a 1 year high of $28.90.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.37%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 90.72%.

A number of research firms have recently issued reports on UE. TheStreet raised shares of Urban Edge Properties from a “d” rating to a “c-” rating in a research report on Monday, November 6th. Capital One Financial reissued an “equal weight” rating on shares of Urban Edge Properties in a research report on Wednesday, November 1st. Finally, Zacks Investment Research cut shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.00.

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Urban Edge Properties Profile

Urban Edge Properties is a real estate investment trust. The Company is focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. Urban Edge Properties LP (UELP or the Operating Partnership) serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets.

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

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