Thrivent Financial for Lutherans Trims Position in Urban Edge Properties (NYSE:UE)

Thrivent Financial for Lutherans reduced its stake in Urban Edge Properties (NYSE:UE – Get Rating) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 158,062 shares of the real estate investment trust’s stock after selling 5,141 shares during the period. Thrivent Financial for Lutherans owned approximately 0.13% of Urban Edge Properties worth $2,227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in Urban Edge Properties in the 1st quarter valued at about $39,000. Quantbot Technologies LP acquired a new position in shares of Urban Edge Properties during the first quarter worth about $47,000. Guardian Wealth Advisors LLC acquired a new position in shares of Urban Edge Properties during the third quarter worth about $42,000. Tower Research Capital LLC TRC grew its position in shares of Urban Edge Properties by 66.6% during the third quarter. Tower Research Capital LLC TRC now owns 8,574 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 3,426 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Urban Edge Properties during the third quarter worth about $145,000. 97.35% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties Stock Performance

Shares of UE opened at $13.83 on Friday. The stock has a 50 day moving average price of $14.31 and a 200 day moving average price of $14.80. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 86.44 and a beta of 1.54. Urban Edge Properties has a 52-week low of $12.91 and a 52-week high of $19.03.

Urban Edge Properties (NYSE:UE – Get Rating) last announced its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.45). The business had revenue of $99.35 million during the quarter, compared to analyst estimates of $97.25 million. Urban Edge Properties had a net margin of 4.42% and a return on equity of 1.72%. Research analysts predict that Urban Edge Properties will post 1.16 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date was Tuesday, March 14th. Urban Edge Properties’s dividend payout ratio is currently 400.03%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Urban Edge Properties in a research report on Thursday. They set a “sell” rating for the company.

About Urban Edge Properties

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Urban Edge Properties is a real estate investment trust, which engages in the acquisition, development, redevelopment, and management of retail real estate. Its portfolio includes shopping centers, malls, and industrial parks. The company was founded on June 18, 2014 and is headquartered in New York, NY.