Urban Edge Properties (NYSE:UE) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its position in Urban Edge Properties (NYSE:UE - Free Report) by 17.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,685,151 shares of the real estate investment trust's stock after purchasing an additional 253,278 shares during the period. Nuveen Asset Management LLC owned 1.35% of Urban Edge Properties worth $36,231,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Quarry LP acquired a new stake in shares of Urban Edge Properties during the fourth quarter worth $49,000. Smartleaf Asset Management LLC boosted its stake in Urban Edge Properties by 76.9% in the fourth 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 during the period. Sterling Capital Management LLC grew 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 valued at $85,000 after purchasing an additional 3,555 shares during 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 worth $111,000 after purchasing an additional 1,524 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Urban Edge Properties during the 4th quarter worth approximately $206,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Urban Edge Properties

In related news, General Counsel Robert C. Milton sold 26,000 shares of the company's stock in a transaction dated 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 is accessible through this hyperlink. 2.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Urban Edge Properties Stock Performance

Shares of UE traded down $0.06 during midday trading on Friday, hitting $17.63. 654,429 shares of the stock traded hands, compared to its average volume of 916,672. The business's 50 day moving average price is $18.23 and its two-hundred day moving average price is $20.18. The firm has a market capitalization of $2.22 billion, a PE ratio of 29.88 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted its 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. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. The firm had revenue of $118.17 million during the quarter, compared to analyst estimates of $119.05 million. Equities research analysts predict that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Friday, June 13th. Urban Edge Properties's dividend payout ratio (DPR) 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.