Universal Beteiligungs und Servicegesellschaft mbH Invests $1.37 Million 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 purchased a new position in Urban Edge Properties (NYSE:UE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 72,007 shares of the real estate investment trust's stock, valued at approximately $1,368,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Urban Edge Properties at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its position in shares of Urban Edge Properties by 1.7% during the first quarter. Arizona State Retirement System now owns 35,818 shares of the real estate investment trust's stock valued at $681,000 after buying an additional 605 shares during the period. Contravisory Investment Management Inc. boosted its position in shares of Urban Edge Properties by 6.6% during the first quarter. Contravisory Investment Management Inc. now owns 12,175 shares of the real estate investment trust's stock valued at $231,000 after buying an additional 758 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of 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 buying an additional 778 shares during the period. Bank of Montreal Can boosted its position in shares of Urban Edge Properties by 6.4% during the fourth quarter. Bank of Montreal Can now owns 17,911 shares of the real estate investment trust's stock valued at $385,000 after buying an additional 1,078 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Urban Edge Properties by 1.0% during the fourth quarter. California State Teachers Retirement System now owns 113,836 shares of the real estate investment trust's stock valued at $2,447,000 after buying an additional 1,158 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Urban Edge Properties from a "hold" rating to a "sell" rating in a research report on Friday, July 18th.

Urban Edge Properties Trading Down 3.3%

Shares of Urban Edge Properties stock traded down $0.66 on Friday, hitting $19.07. 1,994,494 shares of the company traded hands, compared to its average volume of 1,011,753. The stock's 50 day moving average price is $18.86 and its 200-day moving average price is $19.04. The company has a current ratio of 2.39, a quick ratio of 2.29 and a debt-to-equity ratio of 1.09. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $23.85. The company has a market cap of $2.40 billion, a PE ratio of 22.70 and a beta of 1.24.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $113.91 million during the quarter, compared to the consensus estimate of $115.99 million. Urban Edge Properties had a net margin of 22.86% and a return on equity of 7.74%. Equities research analysts predict that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.76 dividend on an annualized basis and a yield of 4.0%. Urban Edge Properties's payout ratio is 90.48%.

Insider Buying and Selling

In related news, General Counsel Robert C. Milton sold 26,000 shares of the business's stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is owned by company insiders.

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.