Ameriprise Financial Inc. Decreases Stock Holdings in Urban Edge Properties (NYSE:UE)

Ameriprise Financial Inc. reduced its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in UE. Quarry LP acquired a new stake in shares of Urban Edge Properties in the 4th quarter worth approximately $49,000. Smartleaf Asset Management LLC boosted 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 worth $50,000 after purchasing an additional 1,029 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Urban Edge Properties by 858.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 3,555 shares during the last quarter. KBC Group NV increased its position in shares of Urban Edge Properties by 42.1% in the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock valued at $111,000 after buying an additional 1,524 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Urban Edge Properties by 22.8% in the fourth quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust's stock valued at $209,000 after buying an additional 1,813 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Urban Edge Properties Trading Down 3.1%

Shares of UE opened at $17.72 on Thursday. 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 1-year low of $15.66 and a 1-year high of $23.85. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 30.03 and a beta of 1.16. The firm has a 50 day simple moving average of $18.27 and a 200-day simple moving average of $20.25.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. The firm had revenue of $118.17 million for the quarter, compared to analysts' expectations of $119.05 million. Equities analysts forecast that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Friday, June 13th. Urban Edge Properties's dividend payout ratio is presently 118.75%.

Insider Activity at Urban Edge Properties

In other Urban Edge Properties news, General Counsel Robert C. Milton sold 26,000 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $18.78, for a total value of $488,280.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is currently owned by corporate insiders.

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.

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