MQS Management LLC acquired a new position in Urban Edge Properties (NYSE:UE - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 32,439 shares of the real estate investment trust's stock, valued at approximately $694,000.
Other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. raised its position in shares of Urban Edge Properties by 33.1% in the 1st quarter. Sei Investments Co. now owns 688,744 shares of the real estate investment trust's stock worth $11,895,000 after acquiring an additional 171,246 shares in the last quarter. Marshall Wace LLP bought a new position in Urban Edge Properties during the 2nd quarter valued at approximately $19,326,000. Centersquare Investment Management LLC increased its position in Urban Edge Properties by 15.8% during the 1st quarter. Centersquare Investment Management LLC now owns 2,171,758 shares of the real estate investment trust's stock valued at $36,334,000 after buying an additional 296,324 shares in the last quarter. Russell Investments Group Ltd. increased its position in Urban Edge Properties by 16.2% during the 1st quarter. Russell Investments Group Ltd. now owns 191,555 shares of the real estate investment trust's stock valued at $3,308,000 after buying an additional 26,650 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Urban Edge Properties by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 18,546,753 shares of the real estate investment trust's stock valued at $320,302,000 after buying an additional 191,258 shares in the last quarter. Institutional investors own 94.94% of the company's stock.
Wall Street Analyst Weigh In
UE has been the subject of a number of analyst reports. StockNews.com raised Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Friday, August 2nd. Evercore ISI raised their price objective on Urban Edge Properties from $21.00 to $22.00 and gave the company an "in-line" rating in a research report on Monday, September 16th.
Read Our Latest Report on UE
Urban Edge Properties Stock Down 1.1 %
Shares of Urban Edge Properties stock traded down $0.25 on Wednesday, reaching $23.07. The company's stock had a trading volume of 890,625 shares, compared to its average volume of 883,451. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 10.46 and a beta of 1.54. Urban Edge Properties has a 52 week low of $15.81 and a 52 week high of $23.85. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. The firm's fifty day simple moving average is $21.66 and its two-hundred day simple moving average is $19.70.
Urban Edge Properties (NYSE:UE - Get Free Report) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter. The business 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%. Equities analysts anticipate that Urban Edge Properties will post 1.32 earnings per share for the current year.
Urban Edge Properties Announces Dividend
The business also recently announced 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 2.95%. Urban Edge Properties's dividend payout ratio is currently 30.49%.
Insiders Place Their Bets
In other Urban Edge Properties news, CFO Mark Langer sold 93,962 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $23.57, for a total transaction of $2,214,684.34. Following the completion of the sale, the chief financial officer now owns 35,816 shares in the company, valued at $844,183.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is owned by company insiders.
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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