Citigroup Inc. Has $1.98 Million Stock Holdings in Urban Edge Properties (NYSE:UE)

Citigroup Inc. boosted its position in Urban Edge Properties (NYSE:UE – Get Rating) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 140,387 shares of the real estate investment trust’s stock after buying an additional 12,660 shares during the quarter. Citigroup Inc. owned approximately 0.12% of Urban Edge Properties worth $1,978,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. UBS Group AG raised its position in Urban Edge Properties by 16.0% in the 4th quarter. UBS Group AG now owns 61,279 shares of the real estate investment trust’s stock valued at $863,000 after buying an additional 8,431 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Urban Edge Properties by 79.9% during the 4th quarter. Van ECK Associates Corp now owns 11,865 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 5,269 shares during the last quarter. Swiss National Bank increased its position in shares of Urban Edge Properties by 1.8% during the 4th quarter. Swiss National Bank now owns 283,509 shares of the real estate investment trust’s stock worth $3,995,000 after purchasing an additional 5,100 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Urban Edge Properties by 0.9% during the 4th quarter. Russell Investments Group Ltd. now owns 117,058 shares of the real estate investment trust’s stock worth $1,649,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Arizona State Retirement System increased its position in shares of Urban Edge Properties by 3.8% during the 4th quarter. Arizona State Retirement System now owns 33,138 shares of the real estate investment trust’s stock worth $467,000 after purchasing an additional 1,227 shares during the last quarter. Institutional investors and hedge funds own 97.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Urban Edge Properties in a research report on Thursday, May 18th. They set a “sell” rating on the stock.

Urban Edge Properties Stock Performance

Shares of NYSE UE opened at $13.25 on Friday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.70. Urban Edge Properties has a 12 month low of $12.91 and a 12 month high of $18.91. The stock has a 50 day moving average of $14.27 and a 200-day moving average of $14.79. The company has a market capitalization of $1.56 billion, a P/E ratio of 82.82 and a beta of 1.54.

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

Urban Edge Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, June 14th. This represents a $0.64 annualized dividend and a dividend yield of 4.83%. Urban Edge Properties’s dividend payout ratio is currently 400.03%.

Urban Edge Properties Profile

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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.