James Investment Research Inc. Acquires Shares of 13,811 Urban Edge Properties (NYSE:UE)

James Investment Research Inc. purchased 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 filing with the Securities & Exchange Commission. The firm purchased 13,811 shares of the real estate investment trust's stock, valued at approximately $262,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of UE. GF Fund Management CO. LTD. bought a new stake in shares of Urban Edge Properties during the fourth quarter worth approximately $47,000. Quarry LP bought a new stake in shares of Urban Edge Properties during the fourth quarter worth approximately $49,000. Sterling Capital Management LLC boosted its holdings in shares of Urban Edge Properties by 858.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust's stock worth $85,000 after acquiring an additional 3,555 shares during the period. Cary Street Partners Financial LLC bought a new stake in shares of Urban Edge Properties during the fourth quarter worth approximately $206,000. Finally, Yoffe Investment Management LLC bought a new stake in shares of Urban Edge Properties during the fourth quarter worth approximately $224,000. Institutional investors own 94.94% of the company's stock.

Urban Edge Properties Price Performance

Shares of NYSE UE traded up $0.02 during midday trading on Friday, reaching $19.27. The company's stock had a trading volume of 948,400 shares, compared to its average volume of 903,393. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.29 and a current ratio of 2.29. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $23.85. The business's 50 day moving average price is $18.59 and its two-hundred day moving average price is $19.12. The company has a market cap of $2.42 billion, a P/E ratio of 30.11 and a beta of 1.18.

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 for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Urban Edge Properties had a net margin of 17.23% and a return on equity of 5.88%. The company had revenue of $118.17 million during the quarter, compared to the consensus estimate of $119.05 million. On average, analysts forecast that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given 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 3.94%. Urban Edge Properties's payout ratio is 118.75%.

Insider Buying and Selling at Urban Edge Properties

In other 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 value of $488,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.40% of the company's stock.

Analyst Ratings Changes

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

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.