Price T Rowe Associates Inc. MD Sells 31,849 Shares of Urban Edge Properties (NYSE:UE)

Price T Rowe Associates Inc. MD reduced its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 24.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 97,417 shares of the real estate investment trust's stock after selling 31,849 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.08% of Urban Edge Properties worth $2,095,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of UE. Barclays PLC grew its holdings in shares of Urban Edge Properties by 346.2% during the third quarter. Barclays PLC now owns 221,007 shares of the real estate investment trust's stock worth $4,727,000 after buying an additional 171,478 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Urban Edge Properties by 11.0% during the third quarter. Principal Financial Group Inc. now owns 650,407 shares of the real estate investment trust's stock worth $13,912,000 after purchasing an additional 64,221 shares during the last quarter. JPMorgan Chase & Co. grew its position in Urban Edge Properties by 30.5% in the third quarter. JPMorgan Chase & Co. now owns 671,934 shares of the real estate investment trust's stock valued at $14,373,000 after purchasing an additional 156,874 shares in the last quarter. USA Financial Formulas bought a new position in shares of Urban Edge Properties in the 4th quarter valued at about $93,000. Finally, Blue Trust Inc. increased its position in shares of Urban Edge Properties by 22.8% in the fourth quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust's stock valued at $209,000 after acquiring an additional 1,813 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Urban Edge Properties Stock Performance

Urban Edge Properties stock traded down $0.03 during midday trading on Friday, reaching $18.39. 951,759 shares of the company's stock were exchanged, compared to its average volume of 916,509. The stock's 50-day simple moving average is $18.39 and its 200 day simple moving average is $20.44. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 31.17 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 52 week low of $15.66 and a 52 week high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. The business had revenue of $118.17 million for the quarter, compared to analyst estimates of $119.05 million. On average, analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.76 dividend on an annualized basis and a yield of 4.13%. Urban Edge Properties's dividend payout ratio (DPR) is currently 118.75%.

Wall Street Analysts Forecast Growth

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 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.