Russell Investments Group Ltd. Acquires 1,100 Shares of Urban Edge Properties (NYSE:UE)

Russell Investments Group Ltd. grew its holdings in Urban Edge Properties (NYSE:UE – Get Rating) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,058 shares of the real estate investment trust’s stock after acquiring an additional 1,100 shares during the quarter. Russell Investments Group Ltd.’s holdings in Urban Edge Properties were worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Arizona State Retirement System raised its stake in shares of Urban Edge Properties by 3.8% in the fourth quarter. Arizona State Retirement System now owns 33,138 shares of the real estate investment trust’s stock valued at $467,000 after purchasing an additional 1,227 shares in the last quarter. LDR Capital Management LLC raised its stake in shares of Urban Edge Properties by 1.8% in the fourth quarter. LDR Capital Management LLC now owns 232,838 shares of the real estate investment trust’s stock valued at $3,281,000 after purchasing an additional 4,014 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Urban Edge Properties by 9.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 61,182 shares of the real estate investment trust’s stock valued at $872,000 after purchasing an additional 5,067 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Urban Edge Properties by 15.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 228,290 shares of the real estate investment trust’s stock valued at $3,228,000 after purchasing an additional 30,391 shares in the last quarter. Finally, Fisher Asset Management LLC acquired a new position in Urban Edge Properties during the fourth quarter worth $22,298,000. 97.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Urban Edge Properties in a research note on Thursday, May 18th. They set a “sell” rating for the company.

Urban Edge Properties Stock Performance

Urban Edge Properties stock opened at $13.83 on Wednesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.03 and a quick ratio of 2.03. The stock has a fifty day moving average price of $14.30 and a two-hundred day moving average price of $14.81. Urban Edge Properties has a 52-week low of $12.91 and a 52-week high of $18.91. The firm has a market capitalization of $1.63 billion, a P/E ratio of 86.44 and a beta of 1.54.

Urban Edge Properties (NYSE:UE – Get Rating) last released its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.45). Urban Edge Properties had a return on equity of 1.72% and a net margin of 4.42%. The company had revenue of $99.35 million for the quarter, compared to analyst estimates of $97.25 million. As a group, analysts anticipate that Urban Edge Properties will post 1.16 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.16 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.63%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 400.03%.

Urban Edge Properties Profile

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Urban Edge Properties is a real estate investment trust, which engages in the acquisition, development, redevelopment, and management of retail real estate. Its portfolio includes shopping centers, malls, and industrial parks. The company was founded on June 18, 2014 and is headquartered in New York, NY.