SG Americas Securities LLC purchased a new position in Urban Edge Properties (NYSE:UE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,526 shares of the real estate investment trust's stock, valued at approximately $447,000.
A number of other hedge funds also recently bought and sold shares of UE. Daiwa Securities Group Inc. boosted its stake in Urban Edge Properties by 1.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 41,057 shares of the real estate investment trust's stock worth $883,000 after purchasing an additional 659 shares in the last quarter. Amalgamated Bank increased its position in shares of Urban Edge Properties by 2.0% during the 4th quarter. Amalgamated Bank now owns 36,272 shares of the real estate investment trust's stock valued at $780,000 after purchasing an additional 724 shares during the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of Urban Edge Properties by 6.6% during the 1st quarter. Contravisory Investment Management Inc. now owns 12,175 shares of the real estate investment trust's stock worth $231,000 after acquiring an additional 758 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in Urban Edge Properties by 6.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 13,176 shares of the real estate investment trust's stock valued at $283,000 after purchasing an additional 778 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its holdings in Urban Edge Properties by 2.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 29,384 shares of the real estate investment trust's stock worth $632,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Urban Edge Properties from a "hold" rating to a "sell" rating in a report on Monday, May 5th.
View Our Latest Stock Analysis on Urban Edge Properties
Urban Edge Properties Price Performance
Urban Edge Properties stock traded up $0.03 during mid-day trading on Friday, reaching $18.91. 1,085,751 shares of the company's stock traded hands, compared to its average volume of 954,001. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $23.85. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 29.54 and a beta of 1.19. The stock has a 50 day moving average of $18.42 and a two-hundred day moving average of $19.42. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 1.16.
Urban Edge Properties (NYSE:UE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Urban Edge Properties had a return on equity of 5.88% and a net margin of 17.23%. The company had revenue of $118.17 million during the quarter, compared to the consensus estimate of $119.05 million. Equities analysts forecast that Urban Edge Properties will post 1.4 earnings per share 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 given a $0.19 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.76 annualized dividend and a dividend yield of 4.02%. Urban Edge Properties's payout ratio is presently 118.75%.
Insider Buying and Selling at Urban Edge Properties
In other 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is owned by insiders.
About Urban Edge Properties
(
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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