SG Americas Securities LLC Acquires New Stake in Urban Edge Properties (NYSE:UE)

SG Americas Securities LLC acquired a new stake in shares of Urban Edge Properties (NYSE:UE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 23,526 shares of the real estate investment trust's stock, valued at approximately $447,000.

Other hedge funds also recently made changes to their positions in the company. GF Fund Management CO. LTD. purchased a new stake in Urban Edge Properties in the 4th quarter worth $47,000. Quarry LP bought a new position in shares of Urban Edge Properties in the fourth quarter worth about $49,000. Smartleaf Asset Management LLC grew its position in shares of Urban Edge Properties by 76.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 1,029 shares in the last quarter. Sterling Capital Management LLC grew its position 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 purchasing an additional 3,555 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in Urban Edge Properties during the 4th quarter valued at approximately $206,000. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Price Performance

UE traded down $0.11 during trading on Tuesday, hitting $18.85. 561,674 shares of the company traded hands, compared to its average volume of 916,982. The company has a market cap of $2.37 billion, a PE ratio of 29.45 and a beta of 1.19. The stock's 50-day simple moving average is $18.40 and its two-hundred day simple moving average is $19.46. 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 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 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $118.17 million for the quarter, compared to the consensus estimate of $119.05 million. Urban Edge Properties had a return on equity of 5.88% and a net margin of 17.23%. As a group, sell-side analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.03%. Urban Edge Properties's dividend payout ratio is currently 118.75%.

Analyst Upgrades and Downgrades

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

Insider Activity at Urban Edge Properties

In other news, General Counsel Robert C. Milton sold 26,000 shares of the firm's stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by insiders.

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.