Deutsche Bank AG Acquires 35,234 Shares of Urban Edge Properties (NYSE:UE)

Deutsche Bank AG lifted its position in Urban Edge Properties (NYSE:UE - Free Report) by 28.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,713 shares of the real estate investment trust's stock after acquiring an additional 35,234 shares during the period. Deutsche Bank AG owned approximately 0.13% of Urban Edge Properties worth $3,412,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of UE. Quarry LP acquired a new position in Urban Edge Properties in the fourth quarter valued at about $49,000. Smartleaf Asset Management LLC lifted its holdings in shares of Urban Edge Properties by 76.9% during 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 in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Urban Edge Properties by 858.7% during 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 in the last quarter. KBC Group NV grew its position in shares of 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 period. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Urban Edge Properties in the 4th quarter valued at approximately $206,000. Institutional investors own 94.94% of the company's stock.

Insider Activity

In related news, General Counsel Robert C. Milton sold 26,000 shares of the business's stock in a transaction on 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 filing with the SEC, which is available through this hyperlink. 2.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Urban Edge Properties from a "hold" rating to a "sell" rating in a research note on Monday, May 5th.

Urban Edge Properties Stock Down 0.3%

NYSE:UE traded down $0.06 during trading hours on Monday, reaching $17.63. 654,429 shares of the stock were exchanged, compared to its average volume of 918,680. Urban Edge Properties has a twelve month low of $15.66 and a twelve month high of $23.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a 50 day moving average of $18.20 and a 200 day moving average of $20.10. The stock has a market cap 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 announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.35 EPS for the quarter, topping 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 business had revenue of $118.17 million for the quarter, compared to analyst estimates of $119.05 million. On average, equities analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

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

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.