11,740 Shares in Urban Edge Properties (NYSE:UE) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in Urban Edge Properties (NYSE:UE) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,740 shares of the real estate investment trust’s stock, valued at approximately $269,000.

Several other institutional investors have also added to or reduced their stakes in UE. Point72 Hong Kong Ltd bought a new position in shares of Urban Edge Properties in the second quarter worth $50,000. GAMMA Investing LLC boosted its stake in 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 worth $59,000 after purchasing an additional 563 shares during the period. Signaturefd LLC boosted its stake 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 purchasing an additional 1,317 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in 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 valued at $97,000 after buying an additional 1,221 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Urban Edge Properties during the third quarter valued at about $101,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI reduced 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 research note on Tuesday, December 24th.

Insider Buying and Selling at Urban Edge Properties

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 240,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were 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 of the company’s stock, valued at $43,350.95. The trade was a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark Langer sold 93,962 shares of the firm’s stock in a transaction dated 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 directly owns 35,816 shares in the company, valued at $844,183.12. This trade represents a 72.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Urban Edge Properties Trading Down 1.1 %

Shares of UE stock opened at $21.37 on Friday. The company has a market capitalization of $2.67 billion, a PE ratio of 9.58 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. The business’s fifty day moving average is $22.51 and its 200 day moving average is $20.87. Urban Edge Properties has a 52-week low of $15.81 and a 52-week high of $23.85.

Urban Edge Properties (NYSE:UE) 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 business had revenue of $112.26 million during the quarter. On average, equities research analysts anticipate that Urban Edge Properties will post 1.32 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.17 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 3.18%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 30.49%.

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.