Wolverine Asset Management LLC Has $1.02 Million Stake in Urban Edge Properties (NYSE:UE)

Wolverine Asset Management LLC grew its stake in Urban Edge Properties (NYSE:UE) by 241.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,426 shares of the real estate investment trust’s stock after purchasing an additional 31,428 shares during the period. Wolverine Asset Management LLC’s holdings in Urban Edge Properties were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. grew its position in Urban Edge Properties by 2.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 105,314 shares of the real estate investment trust’s stock worth $2,409,000 after acquiring an additional 2,344 shares during the last quarter. Guggenheim Capital LLC grew its position in Urban Edge Properties by 2.5% during the 1st quarter. Guggenheim Capital LLC now owns 106,408 shares of the real estate investment trust’s stock worth $2,273,000 after acquiring an additional 2,614 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Urban Edge Properties by 5.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 64,270 shares of the real estate investment trust’s stock worth $1,372,000 after acquiring an additional 3,230 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Urban Edge Properties by 23.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 21,536 shares of the real estate investment trust’s stock worth $460,000 after acquiring an additional 4,032 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in Urban Edge Properties by 4.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 91,105 shares of the real estate investment trust’s stock worth $2,084,000 after acquiring an additional 4,267 shares during the last quarter. Institutional investors own 86.22% of the company’s stock.

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

NYSE UE traded up $0.06 during trading hours on Friday, reaching $21.10. 809,062 shares of the company’s stock were exchanged, compared to its average volume of 696,126. The firm has a market cap of $2.52 billion, a PE ratio of 15.75 and a beta of 0.50. 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 current ratio of 7.69 and a quick ratio of 7.69.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.88 dividend on an annualized basis and a yield of 4.17%. Urban Edge Properties’s payout ratio is 65.67%.

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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