Amica Pension Fund Board of Trustees 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 SEC. The fund bought 117,862 shares of the real estate investment trust’s stock, valued at approximately $2,602,000. Amica Pension Fund Board of Trustees owned approximately 0.10% of Urban Edge Properties at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in UE. Cubist Systematic Strategies LLC bought a new stake in shares of Urban Edge Properties in the 2nd quarter worth $233,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Urban Edge Properties in the 2nd quarter worth $299,000. Nisa Investment Advisors LLC bought a new stake in shares of Urban Edge Properties in the 2nd quarter worth $447,000. First Trust Advisors LP raised its stake in shares of Urban Edge Properties by 26.6% in the 3rd quarter. First Trust Advisors LP now owns 20,553 shares of the real estate investment trust’s stock worth $454,000 after buying an additional 4,320 shares in the last quarter. Finally, Standard Life Aberdeen plc bought a new stake in shares of Urban Edge Properties in the 2nd quarter worth $527,000. 89.75% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. ValuEngine raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st.

UE opened at $19.73 on Thursday. Urban Edge Properties has a one year low of $19.51 and a one year high of $26.19. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.25 and a current ratio of 8.25. The firm has a market capitalization of $2.29 billion, a PE ratio of 14.72 and a beta of 0.57.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.08. Urban Edge Properties had a return on equity of 8.39% and a net margin of 20.55%. The company had revenue of $112.21 million for the quarter, compared to the consensus estimate of $94.49 million. On average, research analysts forecast that Urban Edge Properties will post 1.28 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Thursday, December 13th. Urban Edge Properties’s dividend payout ratio (DPR) is presently 65.67%.

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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.

Further Reading: What is a closed-end mutual fund (CEF)?

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

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