Westwood Holdings Group Inc. Sells 156,425 Shares of Urban Edge Properties (NYSE:UE)

Westwood Holdings Group Inc. reduced its position in Urban Edge Properties (NYSE:UE - Free Report) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,913,723 shares of the real estate investment trust's stock after selling 156,425 shares during the period. Westwood Holdings Group Inc. owned 2.33% of Urban Edge Properties worth $62,645,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new position in Urban Edge Properties during the 4th quarter valued at about $49,000. Smartleaf Asset Management LLC grew its holdings in Urban Edge Properties by 76.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 1,029 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Urban Edge Properties by 858.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust's stock valued at $85,000 after buying an additional 3,555 shares in the last quarter. KBC Group NV grew its holdings in Urban Edge Properties by 42.1% during the 4th 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 in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in Urban Edge Properties during the 4th quarter valued at about $206,000. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Urban Edge Properties Price Performance

Shares of NYSE UE traded down $0.03 during midday trading on Thursday, hitting $17.67. 669,160 shares of the company's stock were exchanged, compared to its average volume of 916,274. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $23.85. 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 company has a market cap of $2.22 billion, a price-to-earnings ratio of 29.95 and a beta of 1.16. The business's fifty day moving average price is $18.27 and its two-hundred day moving average price is $20.25.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. The company had revenue of $118.17 million during the quarter, compared to analyst estimates of $119.05 million. As a group, research analysts forecast that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.30%. The ex-dividend date is Friday, June 13th. Urban Edge Properties's dividend payout ratio is currently 118.75%.

Insiders Place Their Bets

In other Urban Edge Properties news, General Counsel Robert C. Milton sold 26,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $18.78, for a total value of $488,280.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by insiders.

Urban Edge Properties 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.