Vanguard Group Inc. Sells 43,962 Shares of Urban Edge Properties (NYSE:UE)

Vanguard Group Inc. decreased its stake in shares of Urban Edge Properties (NYSE:UE) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,355,495 shares of the real estate investment trust’s stock after selling 43,962 shares during the period. Vanguard Group Inc. owned approximately 15.59% of Urban Edge Properties worth $335,906,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in UE. GAMMA Investing LLC bought a new position in Urban Edge Properties during the 4th quarter worth about $61,000. Quadrant Capital Group LLC grew its holdings in shares of Urban Edge Properties by 34.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,548 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 1,162 shares in the last quarter. Federated Hermes Inc. acquired a new stake in Urban Edge Properties in the 4th quarter valued at approximately $115,000. Vanguard Personalized Indexing Management LLC bought a new stake in Urban Edge Properties in the 4th quarter valued at approximately $183,000. Finally, M&T Bank Corp boosted its position in Urban Edge Properties by 8.3% during the 4th quarter. M&T Bank Corp now owns 11,723 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 901 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Tuesday.

Urban Edge Properties Stock Performance

Shares of NYSE UE opened at $18.47 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a 50 day moving average price of $17.41 and a 200 day moving average price of $17.36. The stock has a market capitalization of $2.19 billion, a PE ratio of 8.03 and a beta of 1.51. Urban Edge Properties has a 52 week low of $14.36 and a 52 week high of $18.79.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.28). The company had revenue of $109.63 million during the quarter, compared to analyst estimates of $106.38 million. Urban Edge Properties had a net margin of 63.27% and a return on equity of 24.36%. Analysts predict that Urban Edge Properties will post 1.27 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, June 14th. This represents a $0.68 annualized dividend and a dividend yield of 3.68%. Urban Edge Properties’s dividend payout ratio is presently 29.57%.

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.