ProShare Advisors LLC Purchases New Shares in Urban Edge Properties (NYSE:UE)

ProShare Advisors LLC purchased a new stake in shares of Urban Edge Properties (NYSE:UE) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 37,936 shares of the real estate investment trust’s stock, valued at approximately $816,000.

Other large investors also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. lifted its position in shares of Urban Edge Properties by 307.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 100,095 shares of the real estate investment trust’s stock valued at $2,152,000 after purchasing an additional 75,538 shares in the last quarter. KBC Group NV increased its holdings in Urban Edge Properties by 42.1% during the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,524 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Urban Edge Properties during the fourth quarter worth about $486,000. Swiss National Bank increased its holdings in Urban Edge Properties by 2.9% during the fourth quarter. Swiss National Bank now owns 238,609 shares of the real estate investment trust’s stock worth $5,130,000 after buying an additional 6,700 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Urban Edge Properties during the fourth quarter worth about $1,022,000. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Monday, May 5th.

Insider Activity at Urban Edge Properties

In related news, General Counsel Robert C. Milton sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $18.78, for a total transaction of $488,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is owned by corporate insiders.

Urban Edge Properties Price Performance

UE opened at $17.63 on Friday. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 29.88 and a beta of 1.16. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $18.23 and a 200-day moving average price of $20.18. Urban Edge Properties has a twelve month low of $15.66 and a twelve month high of $23.85.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $118.17 million during the quarter, compared to the consensus estimate of $119.05 million. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. Equities analysts expect that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.76 annualized dividend and a yield of 4.31%. Urban Edge Properties’s dividend payout ratio is currently 118.75%.

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.