Urban Edge Properties (NYSE:UE) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 24.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,417 shares of the real estate investment trust's stock after selling 31,849 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.08% of Urban Edge Properties worth $2,095,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in shares of 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 acquiring an additional 1,029 shares during the period. Sterling Capital Management LLC raised its stake in shares of Urban Edge Properties by 858.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust's stock worth $85,000 after buying an additional 3,555 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Urban Edge Properties in the 4th quarter valued at approximately $93,000. KBC Group NV grew its holdings in Urban Edge Properties by 42.1% during the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock worth $111,000 after acquiring an additional 1,524 shares during the period. Finally, Blue Trust Inc. raised its position in 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 worth $209,000 after acquiring an additional 1,813 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Ratings Changes

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

Urban Edge Properties Price Performance

UE traded down $0.20 on Tuesday, hitting $18.89. 110,313 shares of the company were exchanged, compared to its average volume of 912,606. 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 debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market capitalization of $2.38 billion, a P/E ratio of 32.02 and a beta of 1.16. The business's fifty day moving average is $18.36 and its 200 day moving average is $20.40.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $118.17 million during the quarter, compared to the consensus estimate of $119.05 million. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. As a group, sell-side analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.19 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.76 annualized dividend and a dividend yield of 4.02%. Urban Edge Properties's dividend payout ratio is presently 118.75%.

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.