Bailard Inc. Increases Stock Holdings in Urban Edge Properties (NYSE:UE)

Bailard Inc. increased its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 90.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,700 shares of the real estate investment trust's stock after buying an additional 18,400 shares during the period. Bailard Inc.'s holdings in Urban Edge Properties were worth $735,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UE. GF Fund Management CO. LTD. bought a new position in shares of Urban Edge Properties in the fourth quarter valued at approximately $47,000. Quarry LP bought a new stake in Urban Edge Properties during the fourth quarter valued at approximately $49,000. Sterling Capital Management LLC lifted its position in Urban Edge Properties by 858.7% during 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. Cary Street Partners Financial LLC bought a new stake in Urban Edge Properties during the fourth quarter valued at approximately $206,000. Finally, Yoffe Investment Management LLC bought a new stake in Urban Edge Properties during the fourth quarter valued at approximately $224,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Urban Edge Properties Stock Up 0.1%

Urban Edge Properties stock traded up $0.02 during mid-day trading on Friday, reaching $19.27. The stock had a trading volume of 948,400 shares, compared to its average volume of 904,867. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 30.11 and a beta of 1.18. The company has a 50-day moving average price of $18.60 and a two-hundred day moving average price of $19.09. Urban Edge Properties has a one year low of $15.66 and a one year high of $23.85. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.29 and a quick ratio of 2.29.

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 17.23% and a return on equity of 5.88%. The firm had revenue of $118.17 million during the quarter, compared to analyst estimates of $119.05 million. On average, analysts expect that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.94%. Urban Edge Properties's payout ratio is 118.75%.

Insider Activity at Urban Edge Properties

In other news, General Counsel Robert C. Milton sold 26,000 shares of the company's 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Urban Edge Properties from a "hold" rating to a "sell" rating in a research note on Friday.

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.