GAMMA Investing LLC Raises Holdings in Urban Edge Properties (NYSE:UE)

GAMMA Investing LLC increased its stake in Urban Edge Properties (NYSE:UE - Free Report) by 1,773.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,729 shares of the real estate investment trust's stock after acquiring an additional 55,595 shares during the period. GAMMA Investing LLC's holdings in Urban Edge Properties were worth $1,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UE. D. E. Shaw & Co. Inc. increased its position in shares of Urban Edge Properties by 307.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 100,095 shares of the real estate investment trust's stock valued at $2,152,000 after purchasing an additional 75,538 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Urban Edge Properties in the 4th quarter valued at about $486,000. Swiss National Bank raised its position in shares of Urban Edge Properties by 2.9% during the 4th quarter. Swiss National Bank now owns 238,609 shares of the real estate investment trust's stock worth $5,130,000 after acquiring an additional 6,700 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Urban Edge Properties during the fourth quarter worth approximately $1,022,000. Finally, Van ECK Associates Corp boosted its holdings in Urban Edge Properties by 13.4% in the fourth quarter. Van ECK Associates Corp now owns 23,855 shares of the real estate investment trust's stock valued at $513,000 after purchasing an additional 2,824 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, General Counsel Robert C. Milton sold 26,000 shares of the firm's 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 document filed with the SEC, which is available at this link. Corporate insiders own 2.40% of the company's stock.

Urban Edge Properties Stock Up 1.6%

NYSE:UE traded up $0.29 during midday trading on Thursday, hitting $18.66. 786,878 shares of the company were exchanged, compared to its average volume of 920,902. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $23.85. The company has a market capitalization of $2.35 billion, a PE ratio of 29.15 and a beta of 1.19. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 1.16. The company has a fifty day simple moving average of $18.27 and a 200 day simple moving average of $19.59.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $119.05 million. As a group, equities analysts anticipate 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. Stockholders of record on Friday, June 13th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.07%. Urban Edge Properties's payout ratio is 118.75%.

Wall Street Analyst Weigh In

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

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.