Algert Global LLC Acquires 35,863 Shares of Urban Edge Properties (NYSE:UE)

Algert Global LLC boosted its stake in Urban Edge Properties (NYSE:UE - Free Report) by 302.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,725 shares of the real estate investment trust's stock after purchasing an additional 35,863 shares during the period. Algert Global LLC's holdings in Urban Edge Properties were worth $1,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP bought a new position in Urban Edge Properties in the fourth quarter worth about $49,000. Smartleaf Asset Management LLC lifted its position in Urban Edge Properties by 76.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 1,029 shares during the period. Sterling Capital Management LLC grew its position in shares of Urban Edge Properties by 858.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust's stock worth $85,000 after buying an additional 3,555 shares during the period. USA Financial Formulas purchased a new position in Urban Edge Properties during the 4th quarter valued at about $93,000. Finally, KBC Group NV lifted its position in Urban Edge Properties by 42.1% during the 4th quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock valued at $111,000 after acquiring an additional 1,524 shares during the period. Institutional investors own 94.94% of the company's stock.

Insider Transactions at Urban Edge Properties

In related news, General Counsel Robert C. Milton sold 26,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $18.78, for a total transaction of $488,280.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.40% of the company's stock.

Urban Edge Properties Stock Performance

UE stock traded down $0.32 on Wednesday, hitting $18.44. The company had a trading volume of 592,173 shares, compared to its average volume of 914,002. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $23.85. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 31.25 and a beta of 1.16. The stock's 50-day simple moving average is $18.33 and its 200 day simple moving average is $20.39.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. The firm had revenue of $118.17 million during the quarter, compared to analyst estimates of $119.05 million. As a group, equities research analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Friday, June 13th. Urban Edge Properties's dividend payout ratio is 118.75%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Urban Edge Properties from a "hold" rating to a "sell" rating in a research note on Monday, May 5th.

Urban Edge Properties Company Profile

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.