Ameriprise Financial Inc. Sells 19,414 Shares of Urban Edge Properties (NYSE:UE)

Ameriprise Financial Inc. reduced its position in shares of Urban Edge Properties (NYSE:UE - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 338,559 shares of the real estate investment trust's stock after selling 19,414 shares during the quarter. Ameriprise Financial Inc. owned 0.27% of Urban Edge Properties worth $7,279,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Urban Edge Properties by 346.2% during the 3rd quarter. Barclays PLC now owns 221,007 shares of the real estate investment trust's stock valued at $4,727,000 after acquiring an additional 171,478 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Urban Edge Properties by 22.8% during the 4th quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust's stock valued at $209,000 after acquiring an additional 1,813 shares during the last quarter. KBC Group NV boosted its holdings in shares of 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 last quarter. Custom Index Systems LLC purchased a new stake in shares of Urban Edge Properties during the 4th quarter valued at about $213,000. Finally, Jennison Associates LLC boosted its holdings in shares of Urban Edge Properties by 6.9% during the 4th quarter. Jennison Associates LLC now owns 3,169,598 shares of the real estate investment trust's stock valued at $68,146,000 after acquiring an additional 203,569 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Activity

In related news, General Counsel Robert C. Milton sold 26,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $18.78, for a total value of $488,280.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.40% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded 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 traded up $0.48 on Tuesday, reaching $18.12. The company's stock had a trading volume of 1,248,416 shares, compared to its average volume of 919,999. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $2.28 billion, a P/E ratio of 30.72 and a beta of 1.16. The stock's 50 day simple moving average is $18.19 and its two-hundred day simple moving average is $20.09. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.35 EPS 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 company had revenue of $118.17 million for the quarter, compared to analysts' expectations of $119.05 million. Research analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Friday, June 13th. Urban Edge Properties's payout ratio is 118.75%.

Urban Edge Properties 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.