Urban Edge Properties (NYSE:UE) Holdings Lowered by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in Urban Edge Properties (NYSE:UE - Free Report) by 18.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 101,145 shares of the real estate investment trust's stock after selling 22,906 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of Urban Edge Properties worth $2,175,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in Urban Edge Properties by 76.9% in 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. USA Financial Formulas acquired a new position in shares of Urban Edge Properties during the fourth quarter worth approximately $93,000. KBC Group NV grew its holdings in Urban Edge Properties by 42.1% in the 4th quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock worth $111,000 after buying an additional 1,524 shares in the last quarter. Blue Trust Inc. increased its position in Urban Edge Properties by 22.8% in the 4th quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust's stock valued at $209,000 after acquiring an additional 1,813 shares during the period. Finally, Custom Index Systems LLC bought a new stake in Urban Edge Properties during the 4th quarter valued at $213,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Analysts Set New Price Targets

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

Urban Edge Properties Price Performance

UE traded up $0.07 during trading on Wednesday, reaching $18.31. The stock had a trading volume of 375,507 shares, compared to its average volume of 910,310. The stock has a 50 day moving average of $18.91 and a two-hundred day moving average of $20.73. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 31.01 and a beta of 1.28. Urban Edge Properties has a 1-year low of $15.66 and a 1-year high of $23.85.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share 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%. As a group, equities analysts anticipate 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 paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, March 14th. 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%. Urban Edge Properties's dividend payout ratio is currently 128.81%.

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.