Sei Investments Co. reduced its position in Urban Edge Properties (NYSE:UE – Get Rating) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm held 451,724 shares in the real estate investment trust after selling 92,635 shares during the period. Sei Investments Co. owned approximately 0.38% of Urban Edge Properties worth $6,365,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently increased or reduced their holdings in the company. Point72 Hong Kong Ltd acquired a new shareholding in Urban Edge Properties in the first quarter valued at approximately $39,000. Guardian Wealth Advisors LLC purchased a new position in Urban Edge Properties in the third quarter for $42,000. Quantbot Technologies LP acquired a new interest in Urban Edge Properties in the first quarter valued at $47,000. Tower Research Capital LLC TRC boosted its position in Urban Edge Properties shares by 66.6% during the third quarter. Tower Research Capital LLC TRC now owns 8,574 shares of the real estate investment trust worth $114,000 after purchasing an additional 3,426 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in Urban Edge Properties shares during the third quarter for $145,000. Institutional investors and hedge funds own 97.35% of the company’s shares.
Analyst promotions and demotions
Separately, StockNews.com began coverage of Urban Edge Properties shares in a report on Thursday, May 18. They set a “sell” rating on the stock.
Urban Edge Properties Stock Performance
UE shares opened at $13.90 on Monday. The firm has a debt to equity ratio of 1.70, a quick ratio of 2.03, and a current ratio of 2.03. The stock has a market capitalization of $1.63 billion, a PE ratio of 86.88, and a beta of 1.54. Urban Edge Properties has a 1 year minimum of $12.91 and a 1 year maximum of $18.51. The stock has a fifty-day moving average price of $14.22 and a 200-day moving average price of $14.73.
Urban Edge Properties (NYSE:UE – Get Rating) last released its quarterly earnings data on Tuesday, May 9. The Real Estate Investment Trust reported ($0.16) EPS for the quarter, missing analyst consensus estimates of $0.29 per ($0.45). The business had revenue of $99.35 million during the quarter, compared with analyst estimates of $97.25 million. Urban Edge Properties had a net margin of 4.42% and a return on equity of 1.72%. Sell-side analysts forecast Urban Edge Properties to post 1.16 earnings per share for the current fiscal year.
Urban Edge Properties Dividend Announcement
The company also recently revealed a quarterly dividend, to be paid on Friday, June 30. Investors registered on Thursday June 15 will receive a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, June 14. This represents an annualized dividend of $0.64 and a dividend yield of 4.60%. Urban Edge Properties’ dividend payout ratio is currently 400.03%.
Urban edge properties profile
Urban Edge Properties is a real estate investment trust, engaged in the acquisition, development, redevelopment and management of retail real estate. Its portfolio includes shopping malls, malls, and industrial parks. The company was founded on June 18, 2014 and is headquartered in New York, NY.
Want to see what other hedge funds have UE? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Urban Edge Properties (NYSE: EU – Get Rated).
This instant news alert was generated by MarketBeat’s financial data and storytelling science technology to provide readers with the fastest and most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Urban Edge Properties, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-performing and top-rated research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks top analysts are quietly whispering to their clients to buy now before the broader market takes notice… and Urban Edge Properties wasn’t on the list.
While Urban Edge Properties currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here