UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 30,687 Shares of Urban Edge Properties (NYSE:UE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 813,608 shares of the real estate investment trust's stock after purchasing an additional 30,687 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.65% of Urban Edge Properties worth $17,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Urban Edge Properties by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 19,962,196 shares of the real estate investment trust's stock worth $429,187,000 after acquiring an additional 213,478 shares in the last quarter. FMR LLC raised its position in Urban Edge Properties by 6.0% during the fourth quarter. FMR LLC now owns 14,747,456 shares of the real estate investment trust's stock worth $317,070,000 after acquiring an additional 835,885 shares in the last quarter. Geode Capital Management LLC raised its position in Urban Edge Properties by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 3,191,932 shares of the real estate investment trust's stock worth $68,640,000 after acquiring an additional 82,324 shares in the last quarter. Jennison Associates LLC raised its position in Urban Edge Properties by 6.9% during the fourth quarter. Jennison Associates LLC now owns 3,169,598 shares of the real estate investment trust's stock worth $68,146,000 after acquiring an additional 203,569 shares in the last quarter. Finally, Resolution Capital Ltd raised its position in Urban Edge Properties by 2.5% during the fourth quarter. Resolution Capital Ltd now owns 2,897,436 shares of the real estate investment trust's stock worth $62,295,000 after acquiring an additional 71,290 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Transactions at Urban Edge Properties

In other Urban Edge Properties news, General Counsel Robert C. Milton sold 26,000 shares of Urban Edge Properties 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Urban Edge Properties Stock Performance

Shares of NYSE UE traded down $0.14 during mid-day trading on Friday, reaching $18.13. 824,074 shares of the company were exchanged, compared to its average volume of 921,728. The company's 50-day simple moving average is $18.15 and its 200-day simple moving average is $20.00. 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 stock has a market capitalization of $2.28 billion, a P/E ratio of 30.73 and a beta of 1.16. Urban Edge Properties has a twelve month low of $15.66 and a twelve month 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, topping analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $118.17 million during the quarter, compared to analysts' expectations of $119.05 million. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. As a group, research analysts predict that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The business also recently announced 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. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Friday, June 13th. Urban Edge Properties's dividend payout ratio is presently 118.75%.

Wall Street Analysts Forecast Growth

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

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.