Man Group plc trimmed its holdings in Urban Edge Properties (NYSE:UE - Free Report) by 27.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,263 shares of the real estate investment trust's stock after selling 23,136 shares during the period. Man Group plc's holdings in Urban Edge Properties were worth $1,296,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Urban Edge Properties during the 4th quarter valued at approximately $49,000. Smartleaf Asset Management LLC raised its position in shares of Urban Edge Properties by 76.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 1,029 shares in the last quarter. Sterling Capital Management LLC raised 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 valued at $85,000 after acquiring an additional 3,555 shares in the last quarter. KBC Group NV raised its position in shares of Urban Edge Properties by 42.1% during the 4th quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock valued at $111,000 after acquiring an additional 1,524 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Urban Edge Properties during the 4th quarter valued at approximately $206,000. 94.94% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Urban Edge Properties
In other news, General Counsel Robert C. Milton sold 26,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $18.78, for a total value of $488,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.40% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered Urban Edge Properties from a "hold" rating to a "sell" rating in a research report on Monday, May 5th.
View Our Latest Analysis on Urban Edge Properties
Urban Edge Properties Stock Performance
NYSE UE traded up $0.14 during trading hours on Thursday, hitting $18.13. The company had a trading volume of 131,956 shares, compared to its average volume of 916,555. 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 quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15. The business has a fifty day simple moving average of $18.18 and a 200-day simple moving average of $20.07. The firm has a market cap of $2.28 billion, a P/E ratio of 30.78 and a beta of 1.16.
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 for the quarter, topping the consensus estimate of $0.34 by $0.01. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. The firm had revenue of $118.17 million for the quarter, compared to analyst estimates of $119.05 million. Equities analysts predict that Urban Edge Properties will post 1.4 EPS for the current year.
Urban Edge Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.19 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.76 annualized dividend and a dividend yield of 4.19%. Urban Edge Properties's payout ratio is 118.75%.
Urban Edge Properties Profile
(
Free Report)
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.
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