Virtus Investment Advisers Inc. purchased a new position in Urban Edge Properties (NYSE:UE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,000 shares of the real estate investment trust's stock, valued at approximately $301,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. lifted its stake in Urban Edge Properties by 307.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 100,095 shares of the real estate investment trust's stock worth $2,152,000 after acquiring an additional 75,538 shares during the period. Principal Financial Group Inc. lifted its position in Urban Edge Properties by 11.0% during the third quarter. Principal Financial Group Inc. now owns 650,407 shares of the real estate investment trust's stock valued at $13,912,000 after buying an additional 64,221 shares during the period. KBC Group NV lifted its position in Urban Edge Properties by 42.1% during the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock valued at $111,000 after buying an additional 1,524 shares during the period. Proficio Capital Partners LLC purchased a new position in Urban Edge Properties during the fourth quarter valued at $486,000. Finally, Swiss National Bank lifted its position in Urban Edge Properties by 2.9% during the fourth quarter. Swiss National Bank now owns 238,609 shares of the real estate investment trust's stock valued at $5,130,000 after buying an additional 6,700 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen lowered Urban Edge Properties from a "hold" rating to a "sell" rating in a research report on Monday, May 5th.
Check Out Our Latest Report on Urban Edge Properties
Insider Transactions at Urban Edge Properties
In related news, General Counsel Robert C. Milton sold 26,000 shares of Urban Edge Properties stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $18.78, for a total value of $488,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is owned by insiders.
Urban Edge Properties Stock Down 0.3%
Urban Edge Properties stock traded down $0.06 on Friday, hitting $17.63. 654,429 shares of the stock traded hands, compared to its average volume of 916,672. The business's fifty day simple moving average is $18.23 and its 200 day simple moving average is $20.18. 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 firm has a market cap of $2.22 billion, a P/E ratio of 29.88 and a beta of 1.16. Urban Edge Properties has a 1 year low of $15.66 and a 1 year high of $23.85.
Urban Edge Properties (NYSE:UE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $118.17 million during the quarter, compared to analyst estimates 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, sell-side analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current year.
Urban Edge Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, June 13th. Urban Edge Properties's dividend payout ratio is presently 118.75%.
Urban Edge Properties Company Profile
(
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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