Urban Edge Properties (NYSE:UE) Shares Sold by Cerity Partners LLC

Cerity Partners LLC decreased its holdings in Urban Edge Properties (NYSE:UE - Free Report) by 46.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of UE. Massachusetts Financial Services Co. MA acquired a new position in shares of Urban Edge Properties during the fourth quarter valued at approximately $27,584,000. FMR LLC raised its holdings in shares of Urban Edge Properties by 6.0% during the fourth quarter. FMR LLC now owns 14,747,456 shares of the real estate investment trust's stock valued at $317,070,000 after acquiring an additional 835,885 shares during the last quarter. Hudson Bay Capital Management LP raised its holdings in shares of Urban Edge Properties by 56.1% during the fourth quarter. Hudson Bay Capital Management LP now owns 1,800,970 shares of the real estate investment trust's stock valued at $38,721,000 after acquiring an additional 646,960 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Urban Edge Properties by 101.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 922,517 shares of the real estate investment trust's stock valued at $19,834,000 after acquiring an additional 464,553 shares during the last quarter. Finally, APG Asset Management US Inc. raised its holdings in shares of Urban Edge Properties by 73.5% during the fourth quarter. APG Asset Management US Inc. now owns 1,076,955 shares of the real estate investment trust's stock valued at $23,155,000 after acquiring an additional 456,343 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

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 value of $488,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by company insiders.

Urban Edge Properties Price Performance

Shares of UE stock traded down $0.14 during trading hours on Friday, reaching $19.70. The company had a trading volume of 1,152,868 shares, compared to its average volume of 814,351. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a fifty day moving average of $18.69 and a 200-day moving average of $19.06. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 30.77 and a beta of 1.18. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted its quarterly 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. The business had revenue of $118.17 million during the quarter, compared to analyst estimates of $119.05 million. Urban Edge Properties had a return on equity of 5.88% and a net margin of 17.23%. On average, equities analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.19 dividend. 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 3.86%. Urban Edge Properties's dividend payout ratio (DPR) is presently 118.75%.

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.