ZWJ Investment Counsel Inc. Buys Shares of 10,276 Urban Edge Properties (NYSE:UE)

ZWJ Investment Counsel Inc. bought a new stake in Urban Edge Properties (NYSE:UE) in the 3rd quarter, Holdings Channel.com reports. The fund bought 10,276 shares of the real estate investment trust’s stock, valued at approximately $220,000.

Other large investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new stake in shares of Urban Edge Properties during the second quarter worth $50,000. Signaturefd LLC increased its position in shares of Urban Edge Properties by 91.6% during the second quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,317 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Urban Edge Properties by 25.9% during the third quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 563 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Urban Edge Properties during the first quarter worth $171,000. Finally, Mackenzie Financial Corp increased its position in shares of Urban Edge Properties by 7.4% during the second quarter. Mackenzie Financial Corp now owns 11,978 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 822 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on UE shares. Evercore ISI increased their price objective on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd.

Urban Edge Properties Stock Down 0.4 %

Urban Edge Properties stock opened at $22.00 on Friday. The company has a market cap of $2.61 billion, a P/E ratio of 9.56 and a beta of 1.55. Urban Edge Properties has a 1-year low of $14.36 and a 1-year high of $22.29. The company has a fifty day simple moving average of $20.89 and a 200 day simple moving average of $18.90. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.19.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The business had revenue of $106.36 million during the quarter, compared to the consensus estimate of $110.34 million. Urban Edge Properties had a net margin of 66.89% and a return on equity of 24.65%. Research analysts anticipate that Urban Edge Properties will post 1.31 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Friday, September 13th. Urban Edge Properties’s dividend payout ratio is currently 29.57%.

About Urban Edge Properties

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.