Vert Asset Management LLC purchased a new stake in Urban Edge Properties (NYSE:UE - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 54,200 shares of the real estate investment trust's stock, valued at approximately $1,030,000.
Other institutional investors have also made changes to their positions in the company. GF Fund Management CO. LTD. bought a new position in Urban Edge Properties in the 4th quarter valued at $47,000. Quarry LP bought a new position in Urban Edge Properties in the fourth quarter valued at about $49,000. Smartleaf Asset Management LLC boosted its holdings in Urban Edge Properties by 76.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 1,029 shares during the last quarter. Sterling Capital Management LLC increased its position in Urban Edge Properties by 858.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 3,555 shares during the period. Finally, Cary Street Partners Financial LLC bought a new stake in Urban Edge Properties during the 4th quarter worth about $206,000. 94.94% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, General Counsel Robert C. Milton sold 26,000 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $18.78, for a total value of $488,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of Urban Edge Properties from a "hold" rating to a "sell" rating in a research report on Monday, May 5th.
Read Our Latest Stock Report on Urban Edge Properties
Urban Edge Properties Price Performance
UE opened at $18.66 on Monday. The company has a fifty day moving average price of $18.08 and a two-hundred day moving average price of $19.79. The firm has a market capitalization of $2.35 billion, a PE ratio of 31.63 and a beta of 1.19. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $23.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92.
Urban Edge Properties (NYSE:UE - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $118.17 million during the quarter, compared to analysts' expectations of $119.05 million. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. As a group, analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current year.
Urban Edge Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.07%. The ex-dividend date is Friday, June 13th. Urban Edge Properties's payout ratio is 118.75%.
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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