Urban Edge Properties (NYSE:UE) Stock Position Boosted by Citigroup Inc.

Citigroup Inc. increased its holdings in Urban Edge Properties (NYSE:UE - Free Report) by 47.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,934 shares of the real estate investment trust's stock after purchasing an additional 60,634 shares during the quarter. Citigroup Inc. owned approximately 0.15% of Urban Edge Properties worth $4,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of UE. GAMMA Investing LLC boosted its position in Urban Edge Properties by 25.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust's stock valued at $59,000 after acquiring an additional 563 shares in the last quarter. IFM Investors Pty Ltd boosted its position in Urban Edge Properties by 2.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 28,231 shares of the real estate investment trust's stock valued at $604,000 after acquiring an additional 584 shares in the last quarter. Arizona State Retirement System boosted its position in Urban Edge Properties by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 32,958 shares of the real estate investment trust's stock valued at $609,000 after acquiring an additional 627 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Urban Edge Properties by 7.4% during the second quarter. Mackenzie Financial Corp now owns 11,978 shares of the real estate investment trust's stock valued at $221,000 after purchasing an additional 822 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Urban Edge Properties by 36.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust's stock valued at $97,000 after purchasing an additional 1,221 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Evercore ISI boosted their price objective on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an "in-line" rating in a report on Monday, September 16th.

Urban Edge Properties Stock Performance

Shares of NYSE UE traded up $0.06 during midday trading on Wednesday, reaching $22.80. The company had a trading volume of 767,120 shares, compared to its average volume of 892,774. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The business's 50-day simple moving average is $22.26 and its 200 day simple moving average is $20.32. Urban Edge Properties has a 1 year low of $15.81 and a 1 year high of $23.85. The stock has a market cap of $2.85 billion, a P/E ratio of 10.20 and a beta of 1.53.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter. The company had revenue of $112.26 million during the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. On average, analysts forecast that Urban Edge Properties will post 1.32 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Friday, December 13th. Urban Edge Properties's payout ratio is 30.49%.

Insider Activity

In other Urban Edge Properties news, CFO Mark Langer sold 93,962 shares of the firm's stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.30% of the company's stock.

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.