Yoffe Investment Management LLC Makes New $224,000 Investment in Urban Edge Properties (NYSE:UE)

Yoffe Investment Management LLC acquired a new stake in Urban Edge Properties (NYSE:UE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,436 shares of the real estate investment trust’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its stake in shares of Urban Edge Properties by 1.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 41,057 shares of the real estate investment trust’s stock valued at $883,000 after buying an additional 659 shares during the period. Amalgamated Bank grew its holdings in Urban Edge Properties by 2.0% during the 4th quarter. Amalgamated Bank now owns 36,272 shares of the real estate investment trust’s stock worth $780,000 after acquiring an additional 724 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Urban Edge Properties by 2.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 29,384 shares of the real estate investment trust’s stock valued at $632,000 after purchasing an additional 800 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Urban Edge Properties by 2.9% in the 4th quarter. Arizona State Retirement System now owns 35,213 shares of the real estate investment trust’s stock valued at $757,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Urban Edge Properties by 76.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,029 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties Trading Down 7.1 %

Shares of Urban Edge Properties stock opened at $18.04 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. The company has a fifty day simple moving average of $19.85 and a 200-day simple moving average of $21.12. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 30.57 and a beta of 1.28. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. On average, equities analysts forecast that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.76 dividend on an annualized basis and a yield of 4.21%. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.17. Urban Edge Properties’s payout ratio is currently 128.81%.

Analysts Set New Price Targets

Several equities analysts recently commented on UE shares. StockNews.com raised Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 20th. Evercore ISI cut their target price on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th.

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.