Citigroup Inc. Acquires 60,634 Shares of Urban Edge Properties (NYSE:UE)

Citigroup Inc. raised its holdings in Urban Edge Properties (NYSE:UE) by 47.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,934 shares of the real estate investment trust’s stock after purchasing an additional 60,634 shares during the quarter. Citigroup Inc. owned 0.15% of Urban Edge Properties worth $4,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in shares of Urban Edge Properties by 25.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 563 shares during the period. IFM Investors Pty Ltd grew its stake in shares of Urban Edge Properties by 2.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 28,231 shares of the real estate investment trust’s stock worth $604,000 after acquiring an additional 584 shares during the period. Arizona State Retirement System grew its stake in shares of Urban Edge Properties by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 32,958 shares of the real estate investment trust’s stock worth $609,000 after acquiring an additional 627 shares during the period. Mackenzie Financial Corp grew its stake in shares of Urban Edge Properties by 7.4% during the 2nd quarter. Mackenzie Financial Corp now owns 11,978 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 822 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake 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 acquiring an additional 1,221 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Urban Edge Properties

In related news, CFO Mark Langer sold 93,962 shares of Urban Edge Properties stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 35,816 shares in the company, valued at $844,183.12. The trade was a 72.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.30% of the company’s stock.

Urban Edge Properties Stock Performance

NYSE:UE opened at $22.74 on Wednesday. The business’s 50-day moving average price is $22.23 and its two-hundred day moving average price is $20.28. Urban Edge Properties has a twelve month low of $15.81 and a twelve month high of $23.85. The stock has a market cap of $2.84 billion, a P/E ratio of 10.19 and a beta of 1.53. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.13.

Urban Edge Properties (NYSE:UE) 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 for the quarter. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. As a group, equities analysts predict that Urban Edge Properties will post 1.32 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.99%. Urban Edge Properties’s dividend payout ratio is currently 30.49%.

Analyst Ratings Changes

Separately, Evercore ISI raised their target price on 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.

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.