Westwood Holdings Group Inc. Has $74.96 Million Stock Holdings in Urban Edge Properties (NYSE:UE)

Key Points

• Westwood Holdings Group Inc. increased its stake in Urban Edge Properties by 35.4%, holding approximately 3.14% of the company worth $74.96 million after acquiring over 1 million shares.
• Urban Edge Properties recently announced a quarterly dividend of $0.19 per share, with an annualized yield of 3.8%, and a dividend payout ratio of 90.48%.
• Wall Street Zen upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in their latest research note.

Westwood Holdings Group Inc. raised its position in Urban Edge Properties (NYSE:UE - Free Report) by 35.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,945,310 shares of the real estate investment trust's stock after acquiring an additional 1,031,587 shares during the quarter. Westwood Holdings Group Inc. owned approximately 3.14% of Urban Edge Properties worth $74,961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC boosted its stake in shares of 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 valued at $317,070,000 after buying an additional 835,885 shares during the period. Hudson Bay Capital Management LP grew its position in Urban Edge Properties by 56.1% in the fourth quarter. Hudson Bay Capital Management LP now owns 1,800,970 shares of the real estate investment trust's stock valued at $38,721,000 after acquiring an additional 646,960 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in Urban Edge Properties by 101.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 922,517 shares of the real estate investment trust's stock worth $19,834,000 after acquiring an additional 464,553 shares in the last quarter. APG Asset Management US Inc. lifted its holdings in shares of Urban Edge Properties by 73.5% in the fourth quarter. APG Asset Management US Inc. now owns 1,076,955 shares of the real estate investment trust's stock worth $23,155,000 after acquiring an additional 456,343 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Urban Edge Properties by 27.2% in the 4th quarter. Northern Trust Corp now owns 1,971,784 shares of the real estate investment trust's stock valued at $42,393,000 after purchasing an additional 421,513 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Insider Transactions at Urban Edge Properties

In other 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 document filed with the SEC, which is available through this link. Insiders own 2.40% of the company's stock.

Urban Edge Properties Trading Down 1.3%

Shares of UE stock traded down $0.26 during trading hours on Thursday, hitting $19.59. 947,697 shares of the company's stock traded hands, compared to its average volume of 1,233,870. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 1.09. Urban Edge Properties has a 12 month low of $15.66 and a 12 month high of $23.85. The stock has a market cap of $2.46 billion, a PE ratio of 23.33 and a beta of 1.24. The stock's 50 day simple moving average is $18.99 and its 200 day simple moving average is $19.03.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued 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. Urban Edge Properties had a return on equity of 7.74% and a net margin of 22.86%. The company had revenue of $113.91 million during the quarter, compared to analysts' expectations of $115.99 million. On average, sell-side analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd.

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.