FMR LLC grew its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 8.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,911,571 shares of the real estate investment trust's stock after purchasing an additional 1,096,560 shares during the period. FMR LLC owned about 11.14% of Urban Edge Properties worth $297,568,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the business. Daiwa Securities Group Inc. increased its position in shares of Urban Edge Properties by 8.4% during the third quarter. Daiwa Securities Group Inc. now owns 40,398 shares of the real estate investment trust's stock worth $864,000 after acquiring an additional 3,136 shares during the period. Cerity Partners LLC increased its holdings in Urban Edge Properties by 92.1% during the 3rd quarter. Cerity Partners LLC now owns 41,983 shares of the real estate investment trust's stock worth $898,000 after purchasing an additional 20,132 shares during the period. Citigroup Inc. raised its position in Urban Edge Properties by 47.6% in the 3rd quarter. Citigroup Inc. now owns 187,934 shares of the real estate investment trust's stock valued at $4,020,000 after purchasing an additional 60,634 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Urban Edge Properties by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,271,201 shares of the real estate investment trust's stock valued at $48,581,000 after buying an additional 101,111 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Urban Edge Properties in the 3rd quarter valued at about $627,000. Institutional investors and hedge funds own 94.94% of the company's stock.
Urban Edge Properties Stock Down 1.3 %
NYSE:UE traded down $0.30 during trading hours on Friday, hitting $23.01. The company's stock had a trading volume of 587,024 shares, compared to its average volume of 964,694. Urban Edge Properties has a 52-week low of $15.81 and a 52-week high of $23.85. 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 stock has a market capitalization of $2.87 billion, a P/E ratio of 10.32 and a beta of 1.54. The stock has a fifty day moving average of $22.20 and a 200-day moving average of $20.23.
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 EPS for the quarter. The business had revenue of $112.26 million for the quarter. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. On average, equities analysts forecast that Urban Edge Properties will post 1.32 earnings per share for the current year.
Urban Edge Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 2.96%. Urban Edge Properties's payout ratio is currently 30.49%.
Insider Transactions at Urban Edge Properties
In related news, CFO Mark Langer sold 93,962 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $23.57, for a total value of $2,214,684.34. Following the completion of the sale, the chief financial officer now directly owns 35,816 shares of the company's stock, valued at $844,183.12. This represents a 72.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.10% of the company's stock.
Wall Street Analyst Weigh In
Separately, Evercore ISI raised their target price on shares of 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 Analysis on Urban Edge Properties
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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