Proficio Capital Partners LLC Invests $486,000 in Urban Edge Properties (NYSE:UE)

Proficio Capital Partners LLC bought a new position in shares of Urban Edge Properties (NYSE:UE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,597 shares of the real estate investment trust's stock, valued at approximately $486,000.

Several other institutional investors have also added to or reduced their stakes in UE. Cbre Investment Management Listed Real Assets LLC boosted its stake in Urban Edge Properties by 718.6% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 447,487 shares of the real estate investment trust's stock valued at $9,621,000 after purchasing an additional 392,820 shares during the last quarter. Carrera Capital Advisors increased its position in shares of Urban Edge Properties by 50.4% in the fourth quarter. Carrera Capital Advisors now owns 81,258 shares of the real estate investment trust's stock worth $1,747,000 after purchasing an additional 27,234 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Urban Edge Properties by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,346,699 shares of the real estate investment trust's stock valued at $50,454,000 after purchasing an additional 75,498 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Urban Edge Properties by 76.9% during the 4th 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. Finally, Metis Global Partners LLC lifted its position in Urban Edge Properties by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 13,916 shares of the real estate investment trust's stock valued at $299,000 after purchasing an additional 1,420 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

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Urban Edge Properties Stock Performance

Shares of Urban Edge Properties stock traded down $0.16 during trading on Tuesday, hitting $18.96. 1,244,310 shares of the company's stock were exchanged, compared to its average volume of 815,592. 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 $15.81 and a 52-week high of $23.85. The business has a 50-day simple moving average of $20.04 and a 200-day simple moving average of $21.23. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 32.14 and a beta of 1.54.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. On average, research analysts forecast that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Urban Edge Properties's previous quarterly dividend of $0.17. Urban Edge Properties's payout ratio is 128.81%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UE. StockNews.com upgraded Urban Edge Properties from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th. Evercore ISI dropped their target price on shares of Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th.

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.