Exchange Traded Concepts LLC Takes Position in Urban Edge Properties (NYSE:UE)

Exchange Traded Concepts LLC bought a new position in shares of Urban Edge Properties (NYSE:UE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 39,488 shares of the real estate investment trust's stock, valued at approximately $750,000.

Several other institutional investors and hedge funds also recently made changes to their positions in UE. GF Fund Management CO. LTD. bought a new position in shares of Urban Edge Properties in the 4th quarter worth $47,000. Quarry LP bought a new position in Urban Edge Properties during the fourth quarter worth about $49,000. Smartleaf Asset Management LLC boosted its holdings in Urban Edge Properties by 76.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust's stock worth $50,000 after buying an additional 1,029 shares during the last quarter. Sterling Capital Management LLC grew its position 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 worth $85,000 after buying an additional 3,555 shares during the period. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Urban Edge Properties in the 4th quarter valued at about $206,000. Institutional investors own 94.94% of the company's stock.

Urban Edge Properties Trading Down 0.6%

Shares of UE traded down $0.11 during trading hours on Tuesday, reaching $18.85. The stock had a trading volume of 561,674 shares, compared to its average volume of 918,310. 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 firm has a 50-day moving average of $18.37 and a 200 day moving average of $19.46. The company has a market cap of $2.37 billion, a P/E ratio of 29.45 and a beta of 1.19.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted 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. Urban Edge Properties had a return on equity of 5.88% and a net margin of 17.23%. The firm had revenue of $118.17 million during the quarter, compared to analysts' expectations of $119.05 million. On average, sell-side analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 yield of 4.03%. Urban Edge Properties's payout ratio is 118.75%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Urban Edge Properties news, General Counsel Robert C. Milton sold 26,000 shares of the 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.40% of the company's stock.

About Urban Edge Properties

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.