Great West Life Assurance Co. Can decreased its position in shares of Urban Edge Properties (NYSE:UE) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 134,830 shares of the real estate investment trust’s stock after selling 3,712 shares during the period. Great West Life Assurance Co. Can’s holdings in Urban Edge Properties were worth $3,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Urban Edge Properties during the second quarter worth approximately $299,000. Koch Industries Inc. acquired a new stake in shares of Urban Edge Properties during the first quarter worth approximately $303,000. Xact Kapitalforvaltning AB increased its holdings in shares of Urban Edge Properties by 42.8% during the first quarter. Xact Kapitalforvaltning AB now owns 16,690 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 5,000 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Urban Edge Properties during the first quarter worth approximately $427,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Urban Edge Properties during the second quarter worth approximately $447,000. 86.23% of the stock is owned by institutional investors.

Shares of Urban Edge Properties stock opened at $22.01 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 7.69 and a quick ratio of 7.69. The company has a market capitalization of $2.56 billion, a P/E ratio of 16.43 and a beta of 0.50. Urban Edge Properties has a fifty-two week low of $19.51 and a fifty-two week high of $26.19.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.13. The business had revenue of $101.97 million during the quarter, compared to analyst estimates of $98.47 million. Urban Edge Properties had a net margin of 19.70% and a return on equity of 7.67%. equities analysts predict that Urban Edge Properties will post 1.32 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Thursday, September 13th. Urban Edge Properties’s dividend payout ratio is currently 65.67%.

Separately, Zacks Investment Research raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Friday, June 8th.

Urban Edge Properties Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 88 properties totaling 16.3 million square feet of gross leasable area.

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Institutional Ownership by Quarter for Urban Edge Properties (NYSE:UE)

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