Deutsche Bank AG increased its stake in Urban Edge Properties (NYSE:UE) by 60.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 492,355 shares of the real estate investment trust’s stock after acquiring an additional 185,533 shares during the period. Deutsche Bank AG owned approximately 0.41% of Urban Edge Properties worth $8,181,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in shares of Urban Edge Properties by 13.3% during the fourth quarter. Geode Capital Management LLC now owns 1,565,125 shares of the real estate investment trust’s stock valued at $26,012,000 after buying an additional 183,268 shares during the last quarter. Norges Bank purchased a new stake in shares of Urban Edge Properties during the fourth quarter valued at $25,185,000. Dimensional Fund Advisors LP grew its holdings in shares of Urban Edge Properties by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,765,178 shares of the real estate investment trust’s stock valued at $29,338,000 after buying an additional 25,519 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Urban Edge Properties by 9.8% during the fourth quarter. Amalgamated Bank now owns 15,856 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 1,415 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Urban Edge Properties by 78.5% during the fourth quarter. Millennium Management LLC now owns 669,480 shares of the real estate investment trust’s stock valued at $11,127,000 after buying an additional 294,346 shares during the last quarter. Institutional investors own 83.59% of the company’s stock.

In other Urban Edge Properties news, Director Steven Roth sold 5,717,184 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $18.98, for a total value of $108,512,152.32. Following the sale, the director now directly owns 1,327,326 shares of the company’s stock, valued at $25,192,647.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.90% of the stock is currently owned by corporate insiders.

Shares of UE opened at $18.72 on Friday. The firm has a market cap of $2.25 billion, a PE ratio of 14.29 and a beta of 0.94. The company has a debt-to-equity ratio of 1.54, a quick ratio of 5.80 and a current ratio of 5.80. Urban Edge Properties has a 1-year low of $16.13 and a 1-year high of $23.37.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.27). Urban Edge Properties had a net margin of 25.39% and a return on equity of 10.41%. The business had revenue of $100.92 million during the quarter, compared to analysts’ expectations of $95.91 million. Sell-side analysts anticipate that Urban Edge Properties will post 1.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend was Thursday, March 14th. Urban Edge Properties’s payout ratio is 67.18%.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Friday, April 12th. ValuEngine lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Monday, February 25th. Finally, Evercore ISI lowered shares of Urban Edge Properties from an “in-line” rating to an “underperform” rating in a report on Tuesday, February 19th.

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Urban Edge Properties Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 88 properties totaling 16.3 million square feet of gross leasable area.

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

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