Fisher Asset Management LLC cut its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 21.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,195,400 shares of the real estate investment trust's stock after selling 317,658 shares during the period. Fisher Asset Management LLC owned 1.02% of Urban Edge Properties worth $21,876,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in Urban Edge Properties by 13.8% during the third quarter. Bank of New York Mellon Corp now owns 2,136,744 shares of the real estate investment trust's stock worth $32,607,000 after buying an additional 259,002 shares in the last quarter. Bailard Inc. lifted its stake in Urban Edge Properties by 130.6% during the third quarter. Bailard Inc. now owns 33,900 shares of the real estate investment trust's stock worth $517,000 after purchasing an additional 19,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Urban Edge Properties by 9.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,432 shares of the real estate investment trust's stock worth $739,000 after purchasing an additional 4,133 shares during the last quarter. Brighton Jones LLC lifted its stake in Urban Edge Properties by 10.3% during the third quarter. Brighton Jones LLC now owns 25,048 shares of the real estate investment trust's stock worth $382,000 after purchasing an additional 2,344 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Urban Edge Properties by 2.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 24,660 shares of the real estate investment trust's stock worth $376,000 after purchasing an additional 700 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, General Counsel Robert C. Milton III sold 26,333 shares of the firm's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $17.02, for a total transaction of $448,187.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.30% of the stock is owned by corporate insiders.
Urban Edge Properties Price Performance
NYSE UE traded up $0.08 on Monday, hitting $17.08. 442,145 shares of the company's stock were exchanged, compared to its average volume of 887,872. The stock has a 50-day moving average of $16.74 and a 200-day moving average of $17.04. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 1.29. Urban Edge Properties has a 52 week low of $13.13 and a 52 week high of $18.79. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 8.06 and a beta of 1.49.
Urban Edge Properties (NYSE:UE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $1.57. Urban Edge Properties had a return on equity of 23.62% and a net margin of 59.60%. The company had revenue of $106.25 million during the quarter. Analysts expect that Urban Edge Properties will post 1.27 earnings per share for the current year.
Urban Edge Properties Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.98%. The ex-dividend date is Thursday, June 13th. Urban Edge Properties's dividend payout ratio is currently 32.08%.
Urban Edge Properties Profile
(
Free Report)
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.
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