Vert Asset Management LLC Acquires Shares of 54,200 Urban Edge Properties (NYSE:UE)

Vert Asset Management LLC bought a new stake in Urban Edge Properties (NYSE:UE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 54,200 shares of the real estate investment trust's stock, valued at approximately $1,030,000.

A number of other institutional investors and hedge funds have also made changes to their positions in UE. Vanguard Group Inc. boosted its stake in shares of Urban Edge Properties by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 19,962,196 shares of the real estate investment trust's stock worth $429,187,000 after purchasing an additional 213,478 shares during the last quarter. FMR LLC lifted its holdings in Urban Edge Properties by 6.0% in the fourth quarter. FMR LLC now owns 14,747,456 shares of the real estate investment trust's stock worth $317,070,000 after purchasing an additional 835,885 shares during the period. Geode Capital Management LLC lifted its holdings in Urban Edge Properties by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 3,191,932 shares of the real estate investment trust's stock valued at $68,640,000 after acquiring an additional 82,324 shares during the last quarter. Resolution Capital Ltd lifted its stake 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 valued at $62,295,000 after buying an additional 71,290 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Urban Edge Properties by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,346,699 shares of the real estate investment trust's stock worth $50,454,000 after buying an additional 75,498 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Urban Edge Properties

In other news, General Counsel Robert C. Milton sold 26,000 shares of the company'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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.40% of the company's stock.

Urban Edge Properties Stock Up 0.2%

Shares of NYSE UE traded up $0.04 during midday trading on Thursday, reaching $18.76. The company's stock had a trading volume of 665,627 shares, compared to its average volume of 933,175. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. The stock has a 50 day simple moving average of $18.12 and a 200-day simple moving average of $19.75. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $23.85. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 31.80 and a beta of 1.19.

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 firm 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%. Equities research analysts predict that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date is Friday, June 13th. Urban Edge Properties's dividend payout ratio is currently 118.75%.

Analyst Ratings Changes

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

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.