GW&K Investment Management LLC Acquires Shares of 290,077 Urban Edge Properties (NYSE:UE)

GW&K Investment Management LLC acquired a new stake in Urban Edge Properties (NYSE:UE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 290,077 shares of the real estate investment trust's stock, valued at approximately $5,511,000. GW&K Investment Management LLC owned 0.23% of Urban Edge Properties as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UE. Wealth Enhancement Advisory Services LLC boosted its holdings in Urban Edge Properties by 9.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,300 shares of the real estate investment trust's stock worth $671,000 after buying an additional 3,031 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Urban Edge Properties by 307.6% during 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 during the last quarter. GAMMA Investing LLC boosted its stake in shares of Urban Edge Properties by 1,773.9% during the 1st quarter. GAMMA Investing LLC now owns 58,729 shares of the real estate investment trust's stock worth $1,116,000 after acquiring an additional 55,595 shares in the last quarter. Swiss National Bank boosted its stake 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. Finally, Raymond James Financial Inc. acquired a new position in shares of Urban Edge Properties in the 4th quarter worth $1,022,000. Institutional investors own 94.94% of the company's stock.

Insider Activity at Urban Edge Properties

In other news, General Counsel Robert C. Milton sold 26,000 shares of Urban Edge Properties stock in a transaction on Tuesday, May 13th. The stock was 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 at this link. 2.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Urban Edge Properties from a "hold" rating to a "sell" rating in a report on Friday, July 18th.

Urban Edge Properties Trading Down 0.7%

UE stock traded down $0.14 during mid-day trading on Friday, reaching $19.70. 1,152,868 shares of the stock traded hands, compared to its average volume of 814,351. Urban Edge Properties has a 52-week low of $15.66 and a 52-week high of $23.85. The stock's fifty day moving average is $18.69 and its 200-day moving average is $19.05. The company has a market cap of $2.48 billion, a P/E ratio of 30.77 and a beta of 1.18. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 1.16.

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, 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 net margin of 17.23% and a return on equity of 5.88%. As a group, sell-side 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 announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.19 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.86%. Urban Edge Properties's payout ratio is currently 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.