Carrera Capital Advisors Buys Shares of 54,024 Urban Edge Properties (NYSE:UE)

Carrera Capital Advisors bought a new stake in shares of Urban Edge Properties (NYSE:UE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 54,024 shares of the real estate investment trust’s stock, valued at approximately $1,156,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of Urban Edge Properties by 25.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 563 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Urban Edge Properties by 2.1% in the 3rd quarter. IFM Investors Pty Ltd now owns 28,231 shares of the real estate investment trust’s stock worth $604,000 after buying an additional 584 shares during the last quarter. Arizona State Retirement System lifted its stake in Urban Edge Properties by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 32,958 shares of the real estate investment trust’s stock worth $609,000 after purchasing an additional 627 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Urban Edge Properties by 7.4% in the 2nd quarter. Mackenzie Financial Corp now owns 11,978 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 822 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Urban Edge Properties by 36.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 1,221 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

UE has been the topic of several analyst reports. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Evercore ISI lifted their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research report on Monday, September 16th.

Urban Edge Properties Trading Down 0.2 %

NYSE UE traded down $0.05 on Tuesday, reaching $23.55. The stock had a trading volume of 94,880 shares, compared to its average volume of 880,836. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 10.58 and a beta of 1.54. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85. The stock has a fifty day moving average price of $21.61 and a two-hundred day moving average price of $19.65.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. The company had revenue of $112.26 million during the quarter. As a group, sell-side analysts forecast that Urban Edge Properties will post 1.32 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 2.89%. Urban Edge Properties’s payout ratio is currently 30.49%.

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.