Universal Beteiligungs und Servicegesellschaft mbH Increases Position in Urban Edge Properties $UE

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Urban Edge Properties (NYSE:UE) by 37.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,012 shares of the real estate investment trust’s stock after purchasing an additional 27,640 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Urban Edge Properties worth $2,068,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of UE. Hudson Bay Capital Management LP raised its position in shares of Urban Edge Properties by 47.2% in the 2nd quarter. Hudson Bay Capital Management LP now owns 1,949,069 shares of the real estate investment trust’s stock valued at $36,370,000 after purchasing an additional 624,645 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Urban Edge Properties in the first quarter worth $5,076,000. Resolution Capital Ltd raised its holdings in Urban Edge Properties by 11.8% in the second quarter. Resolution Capital Ltd now owns 2,475,155 shares of the real estate investment trust’s stock valued at $46,186,000 after acquiring an additional 262,167 shares in the last quarter. Bank of America Corp DE raised its holdings in Urban Edge Properties by 46.6% in the second quarter. Bank of America Corp DE now owns 657,241 shares of the real estate investment trust’s stock valued at $12,264,000 after acquiring an additional 208,815 shares in the last quarter. Finally, Norges Bank bought a new position in Urban Edge Properties during the 2nd quarter valued at $2,199,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Stock Up 2.3%

Shares of Urban Edge Properties stock opened at $19.20 on Friday. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 21.57 and a beta of 1.04. Urban Edge Properties has a twelve month low of $15.66 and a twelve month high of $21.73. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 1.18. The business’s 50 day simple moving average is $19.17 and its 200-day simple moving average is $19.63.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Urban Edge Properties had a return on equity of 8.10% and a net margin of 23.73%.The firm had revenue of $120.13 million during the quarter, compared to the consensus estimate of $117.85 million. Equities research analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $0.19 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.76 annualized dividend and a yield of 4.0%. Urban Edge Properties’s dividend payout ratio (DPR) is currently 85.39%.

Analyst Ratings Changes

Several equities analysts have recently commented on UE shares. Morgan Stanley increased their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. UBS Group lowered their price target on Urban Edge Properties from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, Weiss Ratings raised Urban Edge Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Urban Edge Properties Profile

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that specializes in owning, operating and developing grocery-anchored shopping centers. The company was formed in January 2017 as a spin-off from Regency Centers Corporation, establishing an independent platform focused on urban and densely populated markets. As a fully integrated REIT, Urban Edge oversees the acquisition, financing, leasing, redevelopment and management of its retail properties.

The company’s portfolio comprises predominantly open-air shopping centers anchored by national and regional supermarket operators.