Urban Edge Properties (NYSE:UE) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in Urban Edge Properties (NYSE:UE) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,900 shares of the real estate investment trust’s stock after selling 2,387 shares during the period. Nisa Investment Advisors LLC’s holdings in Urban Edge Properties were worth $987,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings 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 purchasing an additional 563 shares during the period. IFM Investors Pty Ltd lifted its position in Urban Edge Properties by 2.1% in the third quarter. IFM Investors Pty Ltd now owns 28,231 shares of the real estate investment trust’s stock valued at $604,000 after buying an additional 584 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Urban Edge Properties by 7.4% during the second quarter. Mackenzie Financial Corp now owns 11,978 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 822 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Urban Edge Properties by 36.0% during the third 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 acquiring an additional 1,221 shares during the last quarter. Finally, M&T Bank Corp raised its stake in shares of Urban Edge Properties by 11.1% in the 3rd quarter. M&T Bank Corp now owns 12,886 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 1,292 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Mark Langer sold 93,962 shares of the firm’s stock in a transaction dated 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 owns 35,816 shares of the company’s stock, valued at approximately $844,183.12. This trade represents a 72.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey S. Olson sold 240,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,931 shares of the company’s stock, valued at $43,350.95. This trade represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Urban Edge Properties Stock Up 3.2 %

Shares of UE opened at $20.90 on Tuesday. The company’s 50-day simple moving average is $21.63 and its 200-day simple moving average is $21.25. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.30. Urban Edge Properties has a 1 year low of $15.81 and a 1 year high of $23.85. The stock has a market capitalization of $2.61 billion, a PE ratio of 9.37 and a beta of 1.55.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $112.26 million for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. Analysts forecast that Urban Edge Properties will post 1.35 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 3.25%. Urban Edge Properties’s payout ratio is 30.49%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI dropped their target price 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.

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.