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

Proficio Capital Partners LLC bought a new stake in Urban Edge Properties (NYSE:UE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 22,597 shares of the real estate investment trust's stock, valued at approximately $486,000.

Several other institutional investors have also made changes to their positions in UE. Smartleaf Asset Management LLC grew its stake in Urban Edge Properties by 76.9% in 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 in the last quarter. USA Financial Formulas bought a new stake in shares of Urban Edge Properties in the 4th quarter valued at approximately $93,000. Quest Partners LLC acquired a new position in Urban Edge Properties in the third quarter worth approximately $101,000. KBC Group NV raised its position 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 acquiring an additional 1,524 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new position in Urban Edge Properties during the third quarter valued at approximately $206,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. StockNews.com upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th. Evercore ISI decreased their price objective on shares of Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th.

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Urban Edge Properties Stock Performance

Shares of UE stock traded up $0.01 during trading on Friday, reaching $18.88. The company had a trading volume of 529,300 shares, compared to its average volume of 877,405. The company has a market capitalization of $2.37 billion, a PE ratio of 32.00 and a beta of 1.54. The firm's 50 day simple moving average is $19.97 and its two-hundred day simple moving average is $21.19. Urban Edge Properties has a one year low of $15.81 and a one year high of $23.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92.

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

Urban Edge Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Urban Edge Properties's previous quarterly dividend of $0.17. Urban Edge Properties's payout ratio is 128.81%.

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.