Hudson Bay Capital Management LP Buys 646,960 Shares of Urban Edge Properties (NYSE:UE)

Hudson Bay Capital Management LP lifted its position in shares of Urban Edge Properties (NYSE:UE - Free Report) by 56.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,800,970 shares of the real estate investment trust's stock after buying an additional 646,960 shares during the quarter. Hudson Bay Capital Management LP owned about 1.44% of Urban Edge Properties worth $38,721,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Urban Edge Properties during the 4th quarter worth approximately $27,584,000. FMR LLC raised its position 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 in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Urban Edge Properties by 101.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 922,517 shares of the real estate investment trust's stock valued at $19,834,000 after buying an additional 464,553 shares during the period. APG Asset Management US Inc. grew its position in Urban Edge Properties by 73.5% during 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 buying an additional 456,343 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in 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 acquiring an additional 421,513 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Insider Buying and Selling at Urban Edge Properties

In other Urban Edge Properties news, General Counsel Robert C. Milton sold 26,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $18.78, for a total transaction of $488,280.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.40% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Urban Edge Properties from a "hold" rating to a "sell" rating in a research note on Monday, May 5th.

Urban Edge Properties Price Performance

Shares of NYSE UE traded up $0.16 during trading hours on Friday, hitting $18.90. 166,744 shares of the stock were exchanged, compared to its average volume of 910,176. The company's fifty day simple moving average is $18.29 and its two-hundred day simple moving average is $20.35. The company has a market cap of $2.38 billion, a PE ratio of 32.03 and a beta of 1.16. 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 1-year low of $15.66 and a 1-year high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $118.17 million for 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%. On average, sell-side analysts predict that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Dividend Announcement

The firm also recently disclosed 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 4.02%. The ex-dividend date of this dividend is Friday, June 13th. Urban Edge Properties's dividend payout ratio (DPR) is presently 118.75%.

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.