Invesco Ltd. Sells 1,299,214 Shares of Urban Edge Properties (NYSE:UE)

Invesco Ltd. reduced its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 61.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 831,467 shares of the real estate investment trust's stock after selling 1,299,214 shares during the period. Invesco Ltd. owned 0.67% of Urban Edge Properties worth $17,877,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of UE. Smartleaf Asset Management LLC lifted its holdings 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 valued at $50,000 after purchasing an additional 1,029 shares during the last quarter. USA Financial Formulas bought a new position in Urban Edge Properties during the 4th quarter valued at approximately $93,000. KBC Group NV raised its stake 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 valued at $111,000 after buying an additional 1,524 shares during the last quarter. Blue Trust Inc. boosted its holdings 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. Finally, Custom Index Systems LLC purchased a new stake in shares of Urban Edge Properties in the fourth quarter worth $213,000. Institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

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

Urban Edge Properties Stock Up 0.1 %

Shares of UE traded up $0.02 on Thursday, hitting $18.44. 66,241 shares of the stock traded hands, compared to its average volume of 911,014. The company has a market capitalization of $2.32 billion, a PE ratio of 31.25 and a beta of 1.28. Urban Edge Properties has a one year low of $15.66 and a one year 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 business has a 50 day simple moving average of $18.87 and a 200 day simple moving average of $20.71.

Urban Edge Properties (NYSE:UE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping 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%. As a group, equities analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.12%. This is a boost from Urban Edge Properties's previous quarterly dividend of $0.17. The ex-dividend date was Friday, March 14th. Urban Edge Properties's payout ratio is presently 128.81%.

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.