Charles Schwab Investment Management Inc. lifted its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,271,201 shares of the real estate investment trust's stock after acquiring an additional 101,111 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.82% of Urban Edge Properties worth $48,581,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in Urban Edge Properties by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 121,394 shares of the real estate investment trust's stock valued at $2,097,000 after acquiring an additional 6,479 shares during the period. Louisiana State Employees Retirement System boosted its stake in Urban Edge Properties by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 59,800 shares of the real estate investment trust's stock valued at $1,105,000 after acquiring an additional 1,500 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Urban Edge Properties by 29.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 32,843 shares of the real estate investment trust's stock valued at $607,000 after buying an additional 7,501 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Urban Edge Properties by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,466 shares of the real estate investment trust's stock valued at $951,000 after buying an additional 4,061 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Urban Edge Properties by 91.6% during the second quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 1,317 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.
Urban Edge Properties Stock Down 1.7 %
Shares of Urban Edge Properties stock traded down $0.40 on Monday, hitting $22.62. 1,123,283 shares of the company traded hands, compared to its average volume of 889,331. The company has a market cap of $2.82 billion, a PE ratio of 10.32 and a beta of 1.54. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85. The company has a 50-day moving average price of $22.20 and a 200 day moving average price of $20.25. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.13.
Urban Edge Properties (NYSE:UE - Get Free Report) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. The firm had revenue of $112.26 million during the quarter. Sell-side analysts predict that Urban Edge Properties will post 1.32 earnings per share for the current year.
Urban Edge Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Friday, December 13th. Urban Edge Properties's payout ratio is 30.49%.
Insider Activity at Urban Edge Properties
In other news, CFO Mark Langer sold 93,962 shares of Urban Edge Properties stock in a transaction on Monday, November 11th. The shares were sold at an average price of $23.57, for a total transaction of $2,214,684.34. Following the transaction, the chief financial officer now directly owns 35,816 shares of the company's stock, valued at $844,183.12. This trade represents a 72.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.10% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Separately, Evercore ISI lifted their price target on Urban Edge Properties from $21.00 to $22.00 and gave the company an "in-line" rating in a report on Monday, September 16th.
Check Out Our Latest Report on UE
Urban Edge Properties 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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