BNP Paribas Financial Markets Purchases 40,689 Shares of Urban Edge Properties (NYSE:UE)

BNP Paribas Financial Markets raised its position in Urban Edge Properties (NYSE:UE - Free Report) by 124.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,470 shares of the real estate investment trust's stock after buying an additional 40,689 shares during the quarter. BNP Paribas Financial Markets owned about 0.06% of Urban Edge Properties worth $1,580,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Urban Edge Properties during the 4th quarter valued at approximately $49,000. Smartleaf Asset Management LLC lifted its stake in Urban Edge Properties by 76.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 1,029 shares during the last quarter. Sterling Capital Management LLC lifted its stake in 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 valued at $85,000 after purchasing an additional 3,555 shares during the last quarter. KBC Group NV lifted its stake in Urban Edge Properties by 42.1% in the 4th quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock valued at $111,000 after purchasing an additional 1,524 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Urban Edge Properties by 22.8% in the 4th quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust's stock valued at $209,000 after purchasing an additional 1,813 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, General Counsel Robert C. Milton sold 26,000 shares of the company'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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.40% of the company's stock.

Urban Edge Properties Stock Down 0.3%

Shares of Urban Edge Properties stock traded down $0.06 during trading on Friday, reaching $17.63. 654,429 shares of the company traded hands, compared to its average volume of 918,680. 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 company has a 50 day moving average price of $18.23 and a 200-day moving average price of $20.16. The firm has a market capitalization of $2.22 billion, a PE ratio of 29.88 and a beta of 1.16.

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 earnings per share (EPS) for the quarter, beating 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 the consensus estimate 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.76 annualized dividend and a yield of 4.31%. Urban Edge Properties's payout ratio is 118.75%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Urban Edge Properties from a "hold" rating to a "sell" rating in a report 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.