Intech Investment Management LLC bought a new position in shares of Urban Edge Properties (NYSE:UE - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 29,298 shares of the real estate investment trust's stock, valued at approximately $627,000.
Several other hedge funds have also recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new stake in shares of Urban Edge Properties during the second quarter valued at approximately $50,000. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 563 shares during the last quarter. Signaturefd LLC raised its stake in shares of Urban Edge Properties by 91.6% during the 2nd quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 1,317 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Urban Edge Properties by 36.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust's stock worth $97,000 after buying an additional 1,221 shares during the last quarter. Finally, Quest Partners LLC bought a new position in Urban Edge Properties during the third quarter valued at about $101,000. Institutional investors own 94.94% of the company's stock.
Urban Edge Properties Stock Performance
NYSE:UE traded down $0.30 during trading hours on Friday, reaching $23.01. The stock had a trading volume of 587,024 shares, compared to its average volume of 964,694. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a 50 day simple moving average of $22.20 and a 200 day simple moving average of $20.23. The stock has a market cap of $2.87 billion, a P/E ratio of 10.32 and a beta of 1.54.
Urban Edge Properties (NYSE:UE - Get Free Report) last announced 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 return on equity of 20.89% and a net margin of 59.23%. On average, research analysts forecast that Urban Edge Properties will post 1.32 EPS for the current fiscal year.
Urban Edge Properties Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties's payout ratio is currently 30.49%.
Insider Buying and Selling
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 stock was sold at an average price of $23.57, for a total value of $2,214,684.34. Following the completion of the transaction, the chief financial officer now owns 35,816 shares in the company, valued at $844,183.12. This trade 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 this hyperlink. 3.10% of the stock is owned by insiders.
Analysts Set New Price Targets
Separately, Evercore ISI lifted 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 research report on Monday, September 16th.
Read Our Latest Analysis on Urban Edge Properties
About Urban Edge Properties
(
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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