ProShare Advisors LLC Makes New Investment in Urban Edge Properties (NYSE:UE)

ProShare Advisors LLC purchased a new position in Urban Edge Properties (NYSE:UE) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 37,936 shares of the real estate investment trust’s stock, valued at approximately $816,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of UE. Quantinno Capital Management LP raised its holdings in Urban Edge Properties by 11.0% during the 4th quarter. Quantinno Capital Management LP now owns 24,884 shares of the real estate investment trust’s stock valued at $535,000 after buying an additional 2,469 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in Urban Edge Properties by 14.3% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 17,792 shares of the real estate investment trust’s stock valued at $380,000 after buying an additional 2,232 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in Urban Edge Properties by 17.7% during the 4th quarter. Nuveen Asset Management LLC now owns 1,685,151 shares of the real estate investment trust’s stock valued at $36,231,000 after buying an additional 253,278 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Urban Edge Properties by 8.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,680 shares of the real estate investment trust’s stock valued at $1,541,000 after buying an additional 5,690 shares during the last quarter. Finally, Jefferies Financial Group Inc. raised its holdings in Urban Edge Properties by 21.3% during the 4th quarter. Jefferies Financial Group Inc. now owns 68,798 shares of the real estate investment trust’s stock valued at $1,479,000 after buying an additional 12,098 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Trading Down 0.3%

NYSE:UE opened at $17.63 on Friday. The company has a fifty day moving average of $18.23 and a 200 day moving average of $20.18. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $23.85. 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 market capitalization of $2.22 billion, a P/E ratio of 29.88 and a beta of 1.16.

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

Urban Edge Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.19 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.76 annualized dividend and a yield of 4.31%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 118.75%.

Insiders Place Their Bets

In other Urban Edge Properties news, General Counsel Robert C. Milton sold 26,000 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $18.78, for a total value of $488,280.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

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

About Urban Edge Properties

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.