Deutsche Bank AG Boosts Stake in Urban Edge Properties (NYSE:UE)

Deutsche Bank AG lifted its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 28.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 0.13% of Urban Edge Properties worth $3,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new position in Urban Edge Properties during the fourth quarter worth approximately $27,584,000. FMR LLC increased its position in 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 worth $317,070,000 after buying an additional 835,885 shares during the period. Balyasny Asset Management L.P. increased its position in 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 worth $19,834,000 after buying an additional 464,553 shares during the period. APG Asset Management US Inc. increased its position in 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 worth $23,155,000 after buying an additional 456,343 shares during the period. Finally, Northern Trust Corp increased its position in Urban Edge Properties by 27.2% during the fourth quarter. Northern Trust Corp now owns 1,971,784 shares of the real estate investment trust's stock worth $42,393,000 after buying an additional 421,513 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Urban Edge Properties Stock Performance

Shares of NYSE:UE traded down $0.06 during trading on Friday, reaching $17.63. The company had a trading volume of 654,429 shares, compared to its average volume of 916,672. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 29.88 and a beta of 1.16. 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 stock's fifty day moving average price is $18.25 and its 200 day moving average price is $20.22. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $23.85.

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. The business had revenue of $118.17 million for the quarter, compared to analyst estimates of $119.05 million. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. As a group, equities research analysts predict that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Announces Dividend

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

Insider Activity

In related news, General Counsel Robert C. Milton sold 26,000 shares of Urban Edge Properties 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 filing with the SEC, which is available through the SEC website. Corporate insiders own 2.40% of the company's stock.

Analyst Upgrades and Downgrades

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