Universal Beteiligungs und Servicegesellschaft mbH Makes New $1.37 Million Investment in Urban Edge Properties (NYSE:UE)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 72,007 shares of Urban Edge Properties, valued at approximately $1.37 million, during the first quarter, representing about 0.06% of the company's stock.
• Urban Edge Properties recently announced a quarterly dividend of $0.19 per share, resulting in a 3.9% yield, with a high dividend payout ratio of 90.48%.
• Analyst ratings have changed, with Wall Street Zen downgrading Urban Edge Properties from a "hold" to a "sell" rating as of July 18th.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Urban Edge Properties (NYSE:UE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 72,007 shares of the real estate investment trust's stock, valued at approximately $1,368,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Urban Edge Properties at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UE. Y Intercept Hong Kong Ltd lifted its holdings in Urban Edge Properties by 112.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 43,665 shares of the real estate investment trust's stock worth $830,000 after buying an additional 23,103 shares during the last quarter. GW&K Investment Management LLC bought a new position in Urban Edge Properties during the 1st quarter worth approximately $5,511,000. Allianz Asset Management GmbH bought a new position in Urban Edge Properties during the 1st quarter worth approximately $2,373,000. Jennison Associates LLC lifted its holdings in Urban Edge Properties by 0.7% during the 1st quarter. Jennison Associates LLC now owns 3,193,048 shares of the real estate investment trust's stock worth $60,668,000 after buying an additional 23,450 shares during the last quarter. Finally, Bailard Inc. lifted its holdings in Urban Edge Properties by 90.6% during the 1st quarter. Bailard Inc. now owns 38,700 shares of the real estate investment trust's stock worth $735,000 after buying an additional 18,400 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insiders Place Their Bets

In other Urban Edge Properties 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 document filed with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Saturday.

Urban Edge Properties Price Performance

Shares of UE traded up $0.25 during trading hours on Monday, hitting $19.28. 714,017 shares of the company were exchanged, compared to its average volume of 967,395. The company has a market capitalization of $2.42 billion, a PE ratio of 22.95 and a beta of 1.24. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.39 and a quick ratio of 2.39. The firm has a fifty day simple moving average of $18.86 and a 200-day simple moving average of $19.03. Urban Edge Properties has a one year low of $15.66 and a one year high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. Urban Edge Properties had a return on equity of 7.74% and a net margin of 22.86%. The business had revenue of $113.91 million during the quarter, compared to analysts' expectations of $115.99 million. As a group, sell-side 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 was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, June 13th. Urban Edge Properties's dividend payout ratio (DPR) is 90.48%.

Urban Edge Properties Company 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.