Urban Edge Properties (NYSE:UE) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its holdings in shares of Urban Edge Properties (NYSE:UE) by 30.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 404,709 shares of the real estate investment trust’s stock after selling 177,051 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Urban Edge Properties were worth $8,701,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Smartleaf Asset Management LLC boosted its stake 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 worth $50,000 after buying an additional 1,029 shares during the last quarter. USA Financial Formulas purchased a new position in shares of Urban Edge Properties during the 4th quarter worth about $93,000. KBC Group NV boosted its position in shares of Urban Edge Properties by 42.1% in the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 1,524 shares during the last quarter. Coldstream Capital Management Inc. purchased a new stake in Urban Edge Properties in the third quarter valued at approximately $206,000. Finally, Blue Trust Inc. increased its position in Urban Edge Properties by 22.8% during the fourth quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 1,813 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on UE shares. StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 20th. Evercore ISI reduced their target price on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th.

Urban Edge Properties Stock Down 3.5 %

Shares of NYSE:UE opened at $17.40 on Monday. The stock has a 50-day simple moving average of $19.79 and a 200-day simple moving average of $21.09. The stock has a market capitalization of $2.19 billion, a P/E ratio of 29.48 and a beta of 1.28. Urban Edge Properties has a 1 year low of $15.81 and a 1 year high of $23.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share (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%. Equities analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.19 dividend. 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 4.37%. The ex-dividend date of this dividend was Friday, March 14th. Urban Edge Properties’s dividend payout ratio is currently 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.