Natixis Takes $2.31 Million Position in Urban Edge Properties (NYSE:UE)

Natixis purchased a new stake in shares of Urban Edge Properties (NYSE:UE) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 134,000 shares of the real estate investment trust’s stock, valued at approximately $2,314,000. Natixis owned approximately 0.11% of Urban Edge Properties at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC bought a new position in Urban Edge Properties in the fourth quarter valued at about $61,000. Quadrant Capital Group LLC lifted its holdings in 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 valued at $83,000 after acquiring an additional 1,162 shares during the period. Federated Hermes Inc. bought a new position in Urban Edge Properties in the fourth quarter valued at about $115,000. Vanguard Personalized Indexing Management LLC bought a new position in Urban Edge Properties in the fourth quarter valued at about $183,000. Finally, M&T Bank Corp lifted its holdings in Urban Edge Properties by 8.3% in 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 acquiring an additional 901 shares during the period. 94.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Urban Edge Properties Price Performance

NYSE:UE traded down $0.14 during trading hours on Thursday, reaching $19.42. The stock had a trading volume of 1,040,581 shares, compared to its average volume of 915,877. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.76 and a current ratio of 1.76. Urban Edge Properties has a 52 week low of $14.36 and a 52 week high of $20.16. The company has a 50 day moving average price of $18.17 and a two-hundred day moving average price of $17.45. The stock has a market capitalization of $2.31 billion, a PE ratio of 8.44 and a beta of 1.54.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $109.63 million during the quarter, compared to the consensus estimate of $106.38 million. As a group, sell-side analysts anticipate that Urban Edge Properties will post 1.31 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Friday, June 14th. Urban Edge Properties’s dividend payout ratio (DPR) is 29.57%.

Urban Edge Properties Profile

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.