State Street Corp Has $149.52 Million Holdings in Urban Edge Properties (NYSE:UE)

State Street Corp lifted its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 2.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,990,363 shares of the real estate investment trust's stock after acquiring an additional 177,745 shares during the period. State Street Corp owned approximately 5.60% of Urban Edge Properties worth $149,524,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new position in Urban Edge Properties in the second quarter worth about $50,000. Signaturefd LLC raised its holdings in shares of Urban Edge Properties by 91.6% in the 2nd quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust's stock worth $51,000 after buying an additional 1,317 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Urban Edge Properties by 36.0% during 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 acquired a new stake in Urban Edge Properties in the 3rd quarter valued at $101,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Urban Edge Properties news, CFO Mark Langer sold 93,962 shares of the business's stock in a transaction dated 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 directly owns 35,816 shares of the company's stock, valued at approximately $844,183.12. The trade was a 72.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey S. Olson sold 240,000 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total transaction of $5,388,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,931 shares in the company, valued at $43,350.95. This trade represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.10% of the company's stock.

Wall Street Analyst Weigh In

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

Urban Edge Properties Price Performance

Shares of NYSE UE traded up $0.04 during mid-day trading on Friday, hitting $22.33. 1,237,914 shares of the stock were exchanged, compared to its average volume of 890,581. Urban Edge Properties has a twelve month low of $15.81 and a twelve month high of $23.85. The stock's fifty day simple moving average is $22.49 and its two-hundred day simple moving average is $20.58. 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 company has a market cap of $2.79 billion, a P/E ratio of 10.02 and a beta of 1.53.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter. The firm 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%. As a group, analysts forecast that Urban Edge Properties will post 1.32 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 3.05%. Urban Edge Properties's dividend payout ratio (DPR) is 30.49%.

Urban Edge Properties Company 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.