May Hill Capital LLC Purchases New Holdings in Urban Edge Properties (NYSE:UE)

May Hill Capital LLC acquired a new position in shares of Urban Edge Properties (NYSE:UE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,357 shares of the real estate investment trust's stock, valued at approximately $481,000.

A number of other institutional investors have also recently bought and sold shares of UE. Charles Schwab Investment Management Inc. lifted its holdings in Urban Edge Properties by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,271,201 shares of the real estate investment trust's stock worth $48,581,000 after acquiring an additional 101,111 shares in the last quarter. Citigroup Inc. raised its position in shares of Urban Edge Properties by 47.6% during the third quarter. Citigroup Inc. now owns 187,934 shares of the real estate investment trust's stock worth $4,020,000 after purchasing an additional 60,634 shares during the period. Cerity Partners LLC lifted its holdings in shares of Urban Edge Properties by 92.1% during the 3rd quarter. Cerity Partners LLC now owns 41,983 shares of the real estate investment trust's stock valued at $898,000 after purchasing an additional 20,132 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Urban Edge Properties by 14.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 32,781 shares of the real estate investment trust's stock valued at $701,000 after purchasing an additional 4,019 shares in the last quarter. Finally, Glenmede Trust Co. NA acquired a new position in shares of Urban Edge Properties in the 3rd quarter valued at approximately $971,000. Institutional investors and hedge funds own 94.94% of the company's stock.

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Urban Edge Properties Stock Down 3.5 %

Shares of Urban Edge Properties stock traded down $0.64 during trading on Friday, reaching $17.40. The stock had a trading volume of 1,378,036 shares, compared to its average volume of 884,221. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 29.48 and a beta of 1.28. The stock has a fifty day moving average price of $19.79 and a two-hundred day moving average price of $21.09. Urban Edge Properties has a 52 week low of $15.81 and a 52 week high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. Sell-side analysts predict that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.19 per share. This is a boost from Urban Edge Properties's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.76 annualized dividend and a yield of 4.37%. Urban Edge Properties's dividend payout ratio is presently 128.81%.

Analysts Set New Price Targets

UE has been the topic of several research analyst reports. StockNews.com upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Thursday, March 20th. Evercore ISI dropped their price objective on shares of Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th.

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.