Farther Finance Advisors LLC Lowers Holdings in Urban Edge Properties (NYSE:UE)

Farther Finance Advisors LLC trimmed its position in shares of Urban Edge Properties (NYSE:UE) by 20.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,825 shares of the real estate investment trust’s stock after selling 4,338 shares during the period. Farther Finance Advisors LLC’s holdings in Urban Edge Properties were worth $362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of UE. Entropy Technologies LP purchased a new stake in shares of Urban Edge Properties during the third quarter valued at approximately $206,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Urban Edge Properties by 3.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,676 shares of the real estate investment trust’s stock valued at $2,838,000 after purchasing an additional 4,080 shares during the last quarter. Metis Global Partners LLC purchased a new stake in Urban Edge Properties during the 3rd quarter valued at $267,000. Quest Partners LLC bought a new stake in shares of Urban Edge Properties in the 3rd quarter worth $101,000. Finally, Jennison Associates LLC lifted its holdings in shares of Urban Edge Properties by 7.8% during the third quarter. Jennison Associates LLC now owns 2,966,029 shares of the real estate investment trust’s stock valued at $63,443,000 after purchasing an additional 215,879 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Price Performance

Shares of UE opened at $18.65 on Tuesday. The firm has a fifty day simple moving average of $20.17 and a two-hundred day simple moving average of $21.31. The firm has a market cap of $2.34 billion, a PE ratio of 31.60 and a beta of 1.54. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. Urban Edge Properties has a 1-year low of $15.81 and a 1-year high of $23.85.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. On average, equities analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Friday, March 14th. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.17. Urban Edge Properties’s dividend payout ratio is 128.81%.

Analyst Ratings Changes

Several equities research analysts recently commented on UE shares. Evercore ISI reduced their price objective on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. StockNews.com lowered shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, March 12th.

Urban Edge Properties 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.