Urban Edge Properties (NYSE:UE) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in Urban Edge Properties (NYSE:UE) by 16.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 22,415 shares of the real estate investment trust’s stock after acquiring an additional 3,140 shares during the period. Quantinno Capital Management LP’s holdings in Urban Edge Properties were worth $479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its stake in Urban Edge Properties by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 59,800 shares of the real estate investment trust’s stock valued at $1,105,000 after purchasing an additional 1,500 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Urban Edge Properties by 29.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 32,843 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 7,501 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Urban Edge Properties by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,466 shares of the real estate investment trust’s stock valued at $951,000 after buying an additional 4,061 shares during the last quarter. Signaturefd LLC increased its holdings in 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 during the period. Finally, Van ECK Associates Corp raised its position in Urban Edge Properties by 11.2% during the 2nd quarter. Van ECK Associates Corp now owns 18,330 shares of the real estate investment trust’s stock worth $339,000 after buying an additional 1,849 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Urban Edge Properties Stock Performance

Shares of UE stock opened at $22.33 on Friday. 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 stock has a market cap of $2.79 billion, a PE ratio of 10.01 and a beta of 1.53. The business has a 50-day simple moving average of $22.49 and a 200-day simple moving average of $20.60.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. The company had revenue of $112.26 million during the quarter. On average, equities analysts expect that Urban Edge Properties will post 1.32 EPS for the current year.

Urban Edge Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 yield of 3.05%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties’s dividend payout ratio (DPR) is presently 30.49%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI increased their price objective 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.

Insider Activity at Urban Edge Properties

In other news, CEO Jeffrey S. Olson sold 240,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was 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 $43,350.95. This represents a 99.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction, the chief financial officer now owns 35,816 shares in the company, valued at $844,183.12. This trade represents a 72.40 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

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.