UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Position in Urban Edge Properties (NYSE:UE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Urban Edge Properties (NYSE:UE - Free Report) by 438.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 782,921 shares of the real estate investment trust's stock after acquiring an additional 637,587 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.63% of Urban Edge Properties worth $16,747,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UE. Point72 Hong Kong Ltd purchased a new stake in shares of Urban Edge Properties in the second quarter valued at $50,000. Signaturefd LLC raised its stake in shares of Urban Edge Properties by 91.6% in the second quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 1,317 shares during the period. GAMMA Investing LLC increased its stake in Urban Edge Properties by 25.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust's stock worth $59,000 after buying an additional 563 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in 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 period. Finally, Quest Partners LLC purchased a new position in Urban Edge Properties in the 3rd quarter worth about $101,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insiders Place Their Bets

In other 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 value of $2,214,684.34. Following the sale, the chief financial officer now directly owns 35,816 shares in the company, valued at approximately $844,183.12. This trade represents a 72.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Urban Edge Properties Trading Up 0.2 %

UE stock traded up $0.04 during trading on Friday, hitting $22.79. The company had a trading volume of 592,123 shares, compared to its average volume of 939,126. The firm has a market capitalization of $2.85 billion, a P/E ratio of 10.22 and a beta of 1.53. Urban Edge Properties has a 52-week low of $15.81 and a 52-week high of $23.85. The company has a 50 day simple moving average of $22.36 and a 200-day simple moving average of $20.39. 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 issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. The company had revenue of $112.26 million for the quarter. As a group, research analysts forecast that Urban Edge Properties will post 1.32 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The firm 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. This represents a $0.68 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties's payout ratio is 30.49%.

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.