Urban Edge Properties (NYSE:UE) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in shares of Urban Edge Properties (NYSE:UE - Free Report) by 27.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,772 shares of the real estate investment trust's stock after selling 16,964 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Urban Edge Properties were worth $963,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. grew its position in 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 valued at $883,000 after buying an additional 659 shares during the period. Amalgamated Bank grew its position in shares of Urban Edge Properties by 2.0% during the 4th 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 period. Oregon Public Employees Retirement Fund grew its position in shares of Urban Edge Properties by 2.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 29,384 shares of the real estate investment trust's stock valued at $632,000 after acquiring an additional 800 shares during the period. Arizona State Retirement System raised its holdings in Urban Edge Properties by 2.9% in the 4th quarter. Arizona State Retirement System now owns 35,213 shares of the real estate investment trust's stock worth $757,000 after purchasing an additional 1,000 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position 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 worth $50,000 after purchasing an additional 1,029 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Urban Edge Properties Stock Performance

NYSE:UE opened at $18.36 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market capitalization of $2.31 billion, a PE ratio of 31.12 and a beta of 1.28. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $23.85. The company has a fifty day moving average of $18.63 and a two-hundred day moving average of $20.59.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $119.05 million. As a group, research analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Friday, March 14th. This is an increase from Urban Edge Properties's previous quarterly dividend of $0.17. Urban Edge Properties's dividend payout ratio (DPR) is 128.81%.

Analysts Set New Price Targets

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

Urban Edge Properties 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.