Urban Edge Properties (NYSE:UE) Short Interest Update

Urban Edge Properties (NYSE:UE - Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 3,050,000 shares, a drop of 16.7% from the February 13th total of 3,660,000 shares. Currently, 2.5% of the shares of the company are short sold. Based on an average trading volume of 847,000 shares, the short-interest ratio is presently 3.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. bought a new stake in shares of Urban Edge Properties during the fourth quarter worth $47,000. Quarry LP bought a new stake in shares of Urban Edge Properties during the fourth quarter worth $49,000. 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 worth $50,000 after purchasing an additional 1,029 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Urban Edge Properties by 858.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 3,555 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of Urban Edge Properties during the fourth quarter worth $93,000. 94.94% of the stock is owned by institutional investors.

Urban Edge Properties Stock Performance

Shares of UE traded down $0.13 during mid-day trading on Friday, hitting $18.63. 1,734,823 shares of the company's stock were exchanged, compared to its average volume of 817,022. Urban Edge Properties has a 52 week low of $15.81 and a 52 week high of $23.85. The stock's 50-day simple moving average is $20.06 and its 200-day simple moving average is $21.24. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 31.58 and a beta of 1.54. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15.

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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 EPS for the quarter, topping the consensus estimate 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 expect that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.08%. This is a boost from Urban Edge Properties's previous quarterly dividend of $0.17. The ex-dividend date is Friday, March 14th. Urban Edge Properties's dividend payout ratio (DPR) is 128.81%.

Analyst Ratings Changes

Several equities research analysts have issued reports on UE shares. StockNews.com upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Thursday. Evercore ISI cut 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 research 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.