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

Westwood Holdings Group Inc. trimmed its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,913,723 shares of the real estate investment trust's stock after selling 156,425 shares during the quarter. Westwood Holdings Group Inc. owned approximately 2.33% of Urban Edge Properties worth $62,645,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Urban Edge Properties during the fourth quarter valued at $49,000. Smartleaf Asset Management LLC raised its stake in Urban Edge Properties by 76.9% during 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 purchasing an additional 1,029 shares in the last quarter. Sterling Capital Management LLC raised its stake in Urban Edge Properties by 858.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 3,555 shares in the last quarter. KBC Group NV raised its stake 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 purchasing an additional 1,524 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new stake in Urban Edge Properties during the fourth quarter valued at $206,000. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Trading Down 0.3%

UE stock traded down $0.06 during mid-day trading on Friday, reaching $17.63. 654,429 shares of the stock traded hands, compared to its average volume of 916,672. 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 has a one year low of $15.66 and a one year high of $23.85. The stock has a market capitalization of $2.22 billion, a PE ratio of 29.88 and a beta of 1.16. The business has a 50-day moving average price of $18.23 and a two-hundred day moving average price of $20.18.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. The business had revenue of $118.17 million for the quarter, compared to analysts' expectations of $119.05 million. Equities research analysts expect that Urban Edge Properties will post 1.4 EPS 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. Shareholders of record on Friday, June 13th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Friday, June 13th. Urban Edge Properties's dividend payout ratio (DPR) is 118.75%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Urban Edge Properties from a "hold" rating to a "sell" rating in a research note on Monday, May 5th.

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 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 SEC, which can be accessed through this hyperlink. Company insiders own 2.40% of the company's stock.

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.