Russell Investments Group Ltd. Trims Stock Position in Urban Edge Properties (NYSE:UE)

Russell Investments Group Ltd. trimmed its position in shares of Urban Edge Properties (NYSE:UE - Free Report) by 18.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,145 shares of the real estate investment trust's stock after selling 22,906 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Urban Edge Properties worth $2,175,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in Urban Edge Properties by 23.4% during the 4th quarter. Wells Fargo & Company MN now owns 93,381 shares of the real estate investment trust's stock worth $2,008,000 after buying an additional 17,717 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Urban Edge Properties during the 4th quarter worth about $1,060,000. Yoffe Investment Management LLC purchased a new stake in Urban Edge Properties during the fourth quarter worth approximately $224,000. Massachusetts Financial Services Co. MA acquired a new position in Urban Edge Properties in the fourth quarter valued at approximately $27,584,000. Finally, May Hill Capital LLC purchased a new position in Urban Edge Properties in the fourth quarter valued at approximately $481,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Urban Edge Properties Stock Performance

Shares of Urban Edge Properties stock traded up $0.03 on Thursday, hitting $18.45. The stock had a trading volume of 66,241 shares, compared to its average volume of 911,017. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 31.25 and a beta of 1.28. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. Urban Edge Properties has a 52-week low of $15.66 and a 52-week high of $23.85. The company's 50 day moving average price is $18.87 and its 200 day moving average price is $20.71.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. On average, research analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.76 dividend on an annualized basis and a yield of 4.12%. This is a boost from Urban Edge Properties's previous quarterly dividend of $0.17. Urban Edge Properties's dividend payout ratio is currently 128.81%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Thursday, March 20th.

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.