BNP Paribas Financial Markets Sells 24,841 Shares of Urban Edge Properties (NYSE:UE)

BNP Paribas Financial Markets decreased its holdings in shares of Urban Edge Properties (NYSE:UEFree Report) by 35.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,716 shares of the real estate investment trust’s stock after selling 24,841 shares during the period. BNP Paribas Financial Markets’ holdings in Urban Edge Properties were worth $818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Teacher Retirement System of Texas raised its position in Urban Edge Properties by 51.2% during the 4th quarter. Teacher Retirement System of Texas now owns 77,308 shares of the real estate investment trust’s stock valued at $1,415,000 after purchasing an additional 26,171 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Urban Edge Properties by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,132,349 shares of the real estate investment trust’s stock valued at $39,022,000 after purchasing an additional 41,478 shares during the last quarter. M&T Bank Corp raised 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 valued at $215,000 after purchasing an additional 901 shares during the last quarter. Natixis Advisors L.P. raised its position in Urban Edge Properties by 9.7% during the 4th quarter. Natixis Advisors L.P. now owns 49,538 shares of the real estate investment trust’s stock valued at $906,000 after purchasing an additional 4,399 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Urban Edge Properties by 273.8% during the 4th quarter. Victory Capital Management Inc. now owns 77,131 shares of the real estate investment trust’s stock worth $1,411,000 after acquiring an additional 56,499 shares during the period. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Stock Up 1.7 %

UE stock opened at $17.19 on Friday. Urban Edge Properties has a fifty-two week low of $13.13 and a fifty-two week high of $18.79. The business’s 50 day moving average price is $16.84 and its two-hundred day moving average price is $17.22. 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 company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 7.47 and a beta of 1.49.

Urban Edge Properties (NYSE:UEGet Free Report) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.28). The firm had revenue of $109.63 million for the quarter, compared to analysts’ expectations of $106.38 million. Urban Edge Properties had a return on equity of 24.36% and a net margin of 63.27%. As a group, analysts forecast that Urban Edge Properties will post 1.27 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.17 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.68 annualized dividend and a dividend yield of 3.96%. Urban Edge Properties’s payout ratio is currently 29.57%.

Insider Buying and Selling

In related news, General Counsel Robert C. Milton III sold 26,333 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $17.02, for a total value of $448,187.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Thursday, May 9th.

Get Our Latest Research Report on UE

Urban Edge Properties Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding UE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban Edge Properties (NYSE:UEFree Report).

Institutional Ownership by Quarter for Urban Edge Properties (NYSE:UE)

Receive News & Ratings for Urban Edge Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Edge Properties and related companies with MarketBeat.com's FREE daily email newsletter.