Urban Edge Properties (NYSE:UE) Shares Purchased by Resolution Capital Ltd

Resolution Capital Ltd boosted its position in shares of Urban Edge Properties (NYSE:UE - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,897,436 shares of the real estate investment trust's stock after acquiring an additional 71,290 shares during the quarter. Urban Edge Properties accounts for 1.1% of Resolution Capital Ltd's portfolio, making the stock its 20th biggest holding. Resolution Capital Ltd owned 2.32% of Urban Edge Properties worth $62,295,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Urban Edge Properties by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 19,962,196 shares of the real estate investment trust's stock valued at $429,187,000 after buying an additional 213,478 shares during the last quarter. FMR LLC raised its stake in Urban Edge Properties by 6.0% during 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 purchasing an additional 835,885 shares in the last quarter. Geode Capital Management LLC lifted its position in Urban Edge Properties by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 3,191,932 shares of the real estate investment trust's stock valued at $68,640,000 after purchasing an additional 82,324 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Urban Edge Properties by 6.9% in the 4th quarter. Jennison Associates LLC now owns 3,169,598 shares of the real estate investment trust's stock worth $68,146,000 after buying an additional 203,569 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Urban Edge Properties by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,346,699 shares of the real estate investment trust's stock valued at $50,454,000 after acquiring an additional 75,498 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, General Counsel Robert C. Milton sold 26,000 shares of the 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 filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is currently owned by insiders.

Urban Edge Properties Stock Down 1.6%

Urban Edge Properties stock traded down $0.30 during midday trading on Tuesday, hitting $18.43. 168,733 shares of the company's stock were exchanged, compared to its average volume of 950,029. Urban Edge Properties has a 12 month low of $15.66 and a 12 month high of $23.85. The firm has a 50-day moving average of $18.28 and a two-hundred day moving average of $20.28. The company has a market cap of $2.32 billion, a PE ratio of 31.23 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 (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 analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $118.17 million during the quarter, compared to analyst estimates of $119.05 million. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. As a group, analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Friday, June 13th. Urban Edge Properties's dividend payout ratio (DPR) is presently 118.75%.

About Urban Edge Properties

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.