Proficio Capital Partners LLC Takes Position in Urban Edge Properties (NYSE:UE)

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

Several other institutional investors also recently added to or reduced their stakes in UE. Wellington Management Group LLP lifted its holdings in shares of Urban Edge Properties by 1,499.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,599,628 shares of the real estate investment trust's stock worth $34,216,000 after buying an additional 1,499,628 shares during the period. FMR LLC raised its holdings in shares of Urban Edge Properties by 8.6% in the third quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust's stock valued at $297,568,000 after acquiring an additional 1,096,560 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Urban Edge Properties by 438.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 782,921 shares of the real estate investment trust's stock worth $16,747,000 after acquiring an additional 637,587 shares during the period. Jennison Associates LLC lifted its stake in Urban Edge Properties by 7.8% in the third quarter. Jennison Associates LLC now owns 2,966,029 shares of the real estate investment trust's stock worth $63,443,000 after acquiring an additional 215,879 shares during the period. Finally, State Street Corp grew its holdings in Urban Edge Properties by 2.6% during the 3rd quarter. State Street Corp now owns 6,990,363 shares of the real estate investment trust's stock worth $149,524,000 after acquiring an additional 177,745 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

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Urban Edge Properties Stock Down 2.8 %

UE stock traded down $0.52 during trading on Thursday, reaching $18.33. 584,531 shares of the company traded hands, compared to its average volume of 822,203. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 31.06 and a beta of 1.54. 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 $20.33 and a 200 day simple moving average of $21.36. Urban Edge Properties has a 12 month low of $15.81 and a 12 month high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last released 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%. On average, equities research analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The company 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 is a positive change from Urban Edge Properties's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 4.15%. The ex-dividend date is Friday, March 14th. Urban Edge Properties's payout ratio is currently 128.81%.

Wall Street Analyst Weigh In

Several research firms have recently commented on UE. StockNews.com lowered shares of Urban Edge Properties from a "hold" rating to a "sell" rating in a report on Wednesday. Evercore ISI lowered their target price on 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.

Urban Edge Properties Company 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.