Balyasny Asset Management L.P. Grows Position in Urban Edge Properties (NYSE:UE)

Balyasny Asset Management L.P. raised its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 101.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 922,517 shares of the real estate investment trust's stock after purchasing an additional 464,553 shares during the quarter. Balyasny Asset Management L.P. owned 0.74% of Urban Edge Properties worth $19,834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in UE. Daiwa Securities Group Inc. increased its holdings in shares of Urban Edge Properties by 1.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 41,057 shares of the real estate investment trust's stock worth $883,000 after purchasing an additional 659 shares during the period. Amalgamated Bank increased its stake in Urban Edge Properties by 2.0% in the fourth quarter. Amalgamated Bank now owns 36,272 shares of the real estate investment trust's stock valued at $780,000 after acquiring an additional 724 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in Urban Edge Properties by 6.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 13,176 shares of the real estate investment trust's stock valued at $283,000 after acquiring an additional 778 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Urban Edge Properties by 2.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 29,384 shares of the real estate investment trust's stock worth $632,000 after buying an additional 800 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Urban Edge Properties by 2.9% during the fourth quarter. Arizona State Retirement System now owns 35,213 shares of the real estate investment trust's stock worth $757,000 after buying an additional 1,000 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Urban Edge Properties Stock Down 1.3%

UE stock traded down $0.25 during trading on Tuesday, reaching $18.84. The stock had a trading volume of 149,470 shares, compared to its average volume of 912,713. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 31.93 and a beta of 1.16. Urban Edge Properties has a one year low of $15.66 and a one year high of $23.85. The company's 50 day moving average is $18.36 and its two-hundred day moving average is $20.40.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its earnings results 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 firm had revenue of $118.17 million for the quarter, compared to analysts' expectations of $119.05 million. Equities research analysts forecast that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Friday, June 13th. Urban Edge Properties's dividend payout ratio is currently 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.