Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 718.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 447,487 shares of the real estate investment trust's stock after acquiring an additional 392,820 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned 0.36% of Urban Edge Properties worth $9,621,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Carrera Capital Advisors grew its stake in shares of Urban Edge Properties by 50.4% during the fourth quarter. Carrera Capital Advisors now owns 81,258 shares of the real estate investment trust's stock worth $1,747,000 after purchasing an additional 27,234 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Urban Edge Properties by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,346,699 shares of the real estate investment trust's stock worth $50,454,000 after purchasing an additional 75,498 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Urban Edge Properties by 76.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 1,029 shares in the last quarter. Metis Global Partners LLC boosted its stake in Urban Edge Properties by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 13,916 shares of the real estate investment trust's stock valued at $299,000 after acquiring an additional 1,420 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Urban Edge Properties in the fourth quarter valued at $486,000. Hedge funds and other institutional investors own 94.94% of the company's stock.
Analyst Ratings Changes
Several research firms have issued reports on UE. StockNews.com upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Evercore ISI decreased their price objective on shares of Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th.
View Our Latest Stock Analysis on UE
Insider Buying and Selling
In related news, CEO Jeffrey S. Olson sold 240,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total transaction of $5,388,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,931 shares of the company's stock, valued at $43,350.95. This represents a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 4.30% of the stock is currently owned by corporate insiders.
Urban Edge Properties Stock Performance
Shares of UE traded down $0.17 during mid-day trading on Friday, hitting $19.89. 1,335,906 shares of the company's stock were exchanged, compared to its average volume of 812,841. Urban Edge Properties has a fifty-two week low of $15.81 and a fifty-two week high of $23.85. The firm has a market capitalization of $2.49 billion, a P/E ratio of 33.70 and a beta of 1.54. The business's 50 day moving average is $20.50 and its two-hundred day moving average is $21.37. 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 (NYSE:UE - Get Free Report) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. On average, equities analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current year.
Urban Edge Properties Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.19 per share. This is an increase from Urban Edge Properties's previous quarterly dividend of $0.17. The ex-dividend date is Friday, March 14th. This represents a $0.76 annualized dividend and a dividend yield of 3.82%. Urban Edge Properties's dividend payout ratio is 128.81%.
Urban Edge Properties Company Profile
(
Free Report)
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.
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