Daiwa Securities Group Inc. Has $674,000 Stake in Urban Edge Properties (UE)
Daiwa Securities Group Inc. lifted its holdings in shares of Urban Edge Properties (NYSE:UE) by 119.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,543 shares of the real estate investment trust’s stock after purchasing an additional 16,600 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Urban Edge Properties were worth $674,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Urban Edge Properties by 8.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,392,989 shares of the real estate investment trust’s stock worth $31,858,000 after purchasing an additional 103,446 shares during the last quarter. Green Street Investors LLC acquired a new position in Urban Edge Properties in the third quarter valued at $2,009,000. Dimensional Fund Advisors LP boosted its holdings in Urban Edge Properties by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,693,560 shares of the real estate investment trust’s stock valued at $38,732,000 after acquiring an additional 46,051 shares during the last quarter. Rhumbline Advisers boosted its holdings in Urban Edge Properties by 7.3% in the second quarter. Rhumbline Advisers now owns 229,547 shares of the real estate investment trust’s stock valued at $5,250,000 after acquiring an additional 15,520 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in Urban Edge Properties in the second quarter valued at $565,000. Institutional investors and hedge funds own 85.65% of the company’s stock.
A number of research analysts recently weighed in on UE shares. Zacks Investment Research cut Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. ValuEngine upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st.
Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.21 earnings per share for the quarter, beating 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 firm had revenue of $112.21 million for the quarter, compared to analysts’ expectations of $94.49 million. As a group, equities research analysts predict that Urban Edge Properties will post 1.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Thursday, December 13th. Urban Edge Properties’s payout ratio is currently 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.
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