Arrowstreet Capital Limited Partnership Sells 177,051 Shares of Urban Edge Properties (NYSE:UE)

Arrowstreet Capital Limited Partnership trimmed its position in Urban Edge Properties (NYSE:UE - Free Report) by 30.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 404,709 shares of the real estate investment trust's stock after selling 177,051 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.32% of Urban Edge Properties worth $8,701,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in shares of 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 worth $50,000 after acquiring an additional 1,029 shares during the last quarter. USA Financial Formulas acquired a new position in Urban Edge Properties during the 4th quarter worth approximately $93,000. KBC Group NV increased its position in Urban Edge Properties by 42.1% during the 4th quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock worth $111,000 after purchasing an additional 1,524 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in Urban Edge Properties in the 3rd quarter valued at approximately $206,000. Finally, Blue Trust Inc. boosted its position in Urban Edge Properties by 22.8% in the fourth quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust's stock valued at $209,000 after buying an additional 1,813 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

Several brokerages have recently issued reports on UE. Evercore ISI lowered their price target 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. StockNews.com raised Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Thursday, March 20th.

Urban Edge Properties Trading Down 0.1 %

NYSE UE traded down $0.02 during trading hours on Friday, reaching $16.94. The company's stock had a trading volume of 2,065,687 shares, compared to its average volume of 903,953. The firm has a fifty day simple moving average of $19.31 and a 200-day simple moving average of $20.88. 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 has a 52 week low of $15.66 and a 52 week high of $23.85. The stock has a market cap of $2.13 billion, a P/E ratio of 28.71 and a beta of 1.28.

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 (EPS) for the quarter, beating 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%. Equities analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Urban Edge Properties's previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 4.49%. Urban Edge Properties's payout ratio is presently 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.