Carrera Capital Advisors Has $1.82 Million Holdings in Urban Edge Properties (NYSE:UE)

Key Points

• Carrera Capital Advisors increased its stake in Urban Edge Properties by 18.1%, bringing its total ownership to approximately $1.8 million worth of shares.
• Analysts at Wall Street Zen have downgraded Urban Edge Properties from a "hold" to a "sell" rating, indicating a shift in market sentiment.
• The company recently paid a quarterly dividend of $0.19 per share, representing an annualized yield of 3.86%, despite a high payout ratio of 118.75%.

Carrera Capital Advisors lifted its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 18.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,939 shares of the real estate investment trust's stock after purchasing an additional 14,681 shares during the quarter. Carrera Capital Advisors owned approximately 0.08% of Urban Edge Properties worth $1,823,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GF Fund Management CO. LTD. acquired a new position in shares of Urban Edge Properties during the 4th quarter worth $47,000. Quarry LP acquired a new position in Urban Edge Properties in the 4th quarter valued at $49,000. Sterling Capital Management LLC grew 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 buying an additional 3,555 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in Urban Edge Properties in the 4th quarter valued at $206,000. Finally, Yoffe Investment Management LLC acquired a new position in Urban Edge Properties in the 4th quarter valued at $224,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Urban Edge Properties Stock Performance

Urban Edge Properties stock traded down $0.29 during mid-day trading on Thursday, reaching $19.75. The company had a trading volume of 843,208 shares, compared to its average volume of 957,985. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 1.16. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $23.85. The company has a 50 day moving average of $18.74 and a 200-day moving average of $19.04. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 30.86 and a beta of 1.18.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. Urban Edge Properties had a net margin of 17.23% and a return on equity of 5.88%. The firm had revenue of $113.91 million during the quarter, compared to the consensus estimate of $115.99 million. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, June 13th. Urban Edge Properties's dividend payout ratio (DPR) is presently 118.75%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Urban Edge Properties from a "hold" rating to a "sell" rating in a research note on Friday, July 18th.

Insider Activity at Urban Edge Properties

In related news, General Counsel Robert C. Milton sold 26,000 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.40% of the company's stock.

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.