Cerity Partners LLC Sells 36,858 Shares of Urban Edge Properties (NYSE:UE)

Cerity Partners LLC cut its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 46.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,882 shares of the real estate investment trust's stock after selling 36,858 shares during the quarter. Cerity Partners LLC's holdings in Urban Edge Properties were worth $796,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of UE. Raymond James Financial Inc. bought a new position in shares of Urban Edge Properties during the fourth quarter valued at $1,022,000. Natixis Advisors LLC increased its holdings in Urban Edge Properties by 7.6% in the 4th quarter. Natixis Advisors LLC now owns 68,064 shares of the real estate investment trust's stock worth $1,463,000 after buying an additional 4,822 shares in the last quarter. Cibc World Markets Corp bought a new stake in Urban Edge Properties in the 4th quarter worth about $253,000. Thrivent Financial for Lutherans increased its holdings in Urban Edge Properties by 1.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 96,519 shares of the real estate investment trust's stock worth $2,075,000 after buying an additional 1,237 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Urban Edge Properties by 6.2% in the 4th quarter. Teacher Retirement System of Texas now owns 123,056 shares of the real estate investment trust's stock worth $2,646,000 after buying an additional 7,217 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Urban Edge Properties

In other news, General Counsel Robert C. Milton sold 26,000 shares of Urban Edge Properties stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $18.78, for a total transaction of $488,280.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by insiders.

Urban Edge Properties Stock Performance

NYSE:UE traded down $0.14 on Friday, hitting $19.70. The stock had a trading volume of 1,152,868 shares, compared to its average volume of 814,351. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 30.77 and a beta of 1.18. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 1.16. The business's 50-day simple moving average is $18.69 and its two-hundred day simple moving average is $19.05. Urban Edge Properties has a 52-week low of $15.66 and a 52-week high of $23.85.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Urban Edge Properties had a return on equity of 5.88% and a net margin of 17.23%. The business had revenue of $118.17 million for the quarter, compared to analysts' expectations of $119.05 million. As a group, research analysts predict that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.19 per share. The ex-dividend date was Friday, June 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.86%. Urban Edge Properties's payout ratio is currently 118.75%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Urban Edge Properties from a "hold" rating to a "sell" rating in a report on Friday, July 18th.

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.