GAMMA Investing LLC Has $1.12 Million Stock Position in Urban Edge Properties (NYSE:UE)

GAMMA Investing LLC lifted its position in Urban Edge Properties (NYSE:UE - Free Report) by 1,773.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 58,729 shares of the real estate investment trust's stock after purchasing an additional 55,595 shares during the quarter. GAMMA Investing LLC's holdings in Urban Edge Properties were worth $1,116,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. D. E. Shaw & Co. Inc. increased its position in 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 acquiring an additional 75,538 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Urban Edge Properties in the 4th quarter valued at about $486,000. Swiss National Bank increased its position in Urban Edge Properties by 2.9% in the 4th quarter. Swiss National Bank now owns 238,609 shares of the real estate investment trust's stock valued at $5,130,000 after acquiring an additional 6,700 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Urban Edge Properties in the 4th quarter valued at about $1,022,000. Finally, Van ECK Associates Corp increased its position in Urban Edge Properties by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 23,855 shares of the real estate investment trust's stock valued at $513,000 after acquiring an additional 2,824 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Insider Buying and Selling

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 shares were 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 accessible through this hyperlink. 2.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Urban Edge Properties Trading Up 1.6%

Shares of NYSE UE traded up $0.29 during mid-day trading on Wednesday, hitting $18.66. The company's stock had a trading volume of 786,878 shares, compared to its average volume of 920,902. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 29.15 and a beta of 1.19. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.29 and a quick ratio of 2.29. Urban Edge Properties has a one year low of $15.66 and a one year high of $23.85. The company's fifty day simple moving average is $18.27 and its 200-day simple moving average is $19.59.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $118.17 million for the quarter, compared to analyst estimates of $119.05 million. Urban Edge Properties had a net margin of 17.23% and a return on equity of 5.88%. On average, sell-side analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently disclosed 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. This represents a $0.76 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Friday, June 13th. Urban Edge Properties's payout ratio is 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.