Urban Edge Properties (NYSE:UE) Shares Purchased by Algert Global LLC

Algert Global LLC grew its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 302.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,725 shares of the real estate investment trust's stock after buying an additional 35,863 shares during the quarter. Algert Global LLC's holdings in Urban Edge Properties were worth $1,026,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of UE. Mercer Global Advisors Inc. ADV bought a new position in Urban Edge Properties during the 4th quarter valued at $261,000. Northern Trust Corp boosted its holdings in shares of Urban Edge Properties by 27.2% in the 4th quarter. Northern Trust Corp now owns 1,971,784 shares of the real estate investment trust's stock valued at $42,393,000 after buying an additional 421,513 shares during the period. Quarry LP acquired a new position in shares of Urban Edge Properties in the 4th quarter valued at about $49,000. Hsbc Holdings PLC boosted its holdings in shares of Urban Edge Properties by 13.6% in the 4th quarter. Hsbc Holdings PLC now owns 105,695 shares of the real estate investment trust's stock valued at $2,271,000 after buying an additional 12,693 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Urban Edge Properties by 7.0% in the 4th quarter. MetLife Investment Management LLC now owns 77,927 shares of the real estate investment trust's stock valued at $1,675,000 after buying an additional 5,117 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Urban Edge Properties from a "hold" rating to a "sell" rating in a report on Monday, May 5th.

Urban Edge Properties Stock Performance

Shares of UE stock traded up $0.15 during trading hours on Friday, reaching $18.89. The stock had a trading volume of 137,553 shares, compared to its average volume of 910,034. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92. Urban Edge Properties has a twelve month low of $15.66 and a twelve month high of $23.85. The firm has a 50-day simple moving average of $18.29 and a 200-day simple moving average of $20.35. The firm has a market capitalization of $2.38 billion, a PE ratio of 32.01 and a beta of 1.16.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $118.17 million for the quarter, compared to analysts' expectations of $119.05 million. As a group, equities analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.02%. Urban Edge Properties's dividend payout ratio (DPR) is presently 118.75%.

Insider Buying and Selling

In other Urban Edge Properties news, General Counsel Robert C. Milton sold 26,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $18.78, for a total transaction of $488,280.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company's stock.

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.