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

Nuveen Asset Management LLC grew its position in Urban Edge Properties (NYSE:UE - Free Report) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,685,151 shares of the real estate investment trust's stock after acquiring an additional 253,278 shares during the quarter. Nuveen Asset Management LLC owned about 1.35% of Urban Edge Properties worth $36,231,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. grew 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 during the last quarter. KBC Group NV boosted its stake in shares of Urban Edge Properties by 42.1% during the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock valued at $111,000 after purchasing an additional 1,524 shares during the period. Proficio Capital Partners LLC purchased a new position in Urban Edge Properties in the 4th quarter worth about $486,000. Swiss National Bank lifted its holdings in 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 valued at $5,130,000 after buying an additional 6,700 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Urban Edge Properties in the 4th quarter valued at about $1,022,000. Institutional investors own 94.94% of the company's stock.

Urban Edge Properties Stock Down 0.3%

Shares of UE stock traded down $0.06 during mid-day trading on Monday, hitting $17.63. The stock had a trading volume of 654,429 shares, compared to its average volume of 918,680. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $23.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92. The firm's 50-day moving average is $18.23 and its two-hundred day moving average is $20.14. The firm has a market capitalization of $2.22 billion, a P/E ratio of 29.88 and a beta of 1.16.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $118.17 million during the quarter, compared to the consensus estimate of $119.05 million. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. On average, analysts predict that Urban Edge Properties will post 1.4 earnings per share 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. Stockholders of record on Friday, June 13th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, June 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.31%. Urban Edge Properties's dividend payout ratio is presently 118.75%.

Insider Activity at Urban Edge Properties

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

Wall Street Analyst Weigh In

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

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.