20,562 Shares in Urban Edge Properties (NYSE:UE) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in shares of Urban Edge Properties (NYSE:UE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 20,562 shares of the real estate investment trust's stock, valued at approximately $442,000.

Several other large investors have also made changes to their positions in the company. USA Financial Formulas acquired a new stake in shares of Urban Edge Properties in the fourth quarter worth about $93,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 purchasing an additional 1,221 shares during the last quarter. Quest Partners LLC bought a new stake in Urban Edge Properties during the third quarter worth approximately $101,000. KBC Group NV grew its holdings in Urban Edge Properties by 42.1% during the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock valued at $111,000 after purchasing an additional 1,524 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Urban Edge Properties in the third quarter valued at approximately $206,000. Institutional investors own 94.94% of the company's stock.

Urban Edge Properties Stock Performance

UE stock traded down $0.30 on Thursday, reaching $20.08. 327,621 shares of the company were exchanged, compared to its average volume of 809,635. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92. Urban Edge Properties has a 12 month low of $15.81 and a 12 month high of $23.85. The stock's fifty day moving average price is $20.53 and its 200 day moving average price is $21.38. The firm has a market capitalization of $2.52 billion, a PE ratio of 34.04 and a beta of 1.54.

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Urban Edge Properties (NYSE:UE - Get Free Report) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. On average, research analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.19 dividend. This is a positive change from Urban Edge Properties's previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.76 annualized dividend and a dividend yield of 3.78%. Urban Edge Properties's dividend payout ratio is presently 128.81%.

Analyst Ratings Changes

Several research firms recently issued reports on UE. Evercore ISI decreased their price objective on shares of Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. StockNews.com upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th.

Insider Buying and Selling

In other news, CEO Jeffrey S. Olson sold 240,000 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $22.45, for a total value of $5,388,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,931 shares in the company, valued at approximately $43,350.95. This trade represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 4.30% of the stock is currently owned by corporate insiders.

About Urban Edge Properties

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.