Wellington Management Group LLP Has $34.22 Million Holdings in Urban Edge Properties (NYSE:UE)

Wellington Management Group LLP grew its position in Urban Edge Properties (NYSE:UE - Free Report) by 1,499.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,599,628 shares of the real estate investment trust's stock after acquiring an additional 1,499,628 shares during the period. Wellington Management Group LLP owned 1.28% of Urban Edge Properties worth $34,216,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in Urban Edge Properties during the 2nd quarter worth $50,000. Signaturefd LLC grew its holdings in 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 acquiring an additional 1,317 shares during the period. GAMMA Investing LLC grew 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 valued at $59,000 after buying an additional 563 shares during the period. Mirae Asset Global Investments Co. Ltd. grew 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 valued at $97,000 after buying an additional 1,221 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Urban Edge Properties in the 3rd quarter valued at $101,000. Institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

Separately, Evercore ISI boosted their price objective on shares of 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.

Insider Transactions at Urban Edge Properties

In related news, CFO Mark Langer sold 93,962 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now 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 at this link. Also, CEO Jeffrey S. Olson sold 240,000 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $43,350.95. The trade was a 99.20 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Urban Edge Properties Stock Performance

UE traded down $0.17 on Friday, reaching $22.12. The company had a trading volume of 430,185 shares, compared to its average volume of 887,917. The company's fifty day moving average is $22.46 and its 200 day moving average is $20.54. Urban Edge Properties has a fifty-two week low of $15.81 and a fifty-two week high of $23.85. The stock has a market cap of $2.76 billion, a P/E ratio of 10.07 and a beta of 1.53. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.30.

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. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. The firm had revenue of $112.26 million for the quarter. As a group, analysts predict that Urban Edge Properties will post 1.32 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties's dividend payout ratio (DPR) is presently 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.