Smartleaf Asset Management LLC Buys 1,029 Shares of Urban Edge Properties (NYSE:UE)

Smartleaf Asset Management LLC increased its stake in shares of Urban Edge Properties (NYSE:UE) by 76.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,367 shares of the real estate investment trust’s stock after buying an additional 1,029 shares during the period. Smartleaf Asset Management LLC’s holdings in Urban Edge Properties were worth $50,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Creative Planning bought a new stake in Urban Edge Properties in the 3rd quarter valued at about $238,000. Van ECK Associates Corp boosted its holdings in Urban Edge Properties by 14.7% in the 3rd quarter. Van ECK Associates Corp now owns 21,031 shares of the real estate investment trust’s stock valued at $462,000 after purchasing an additional 2,701 shares during the period. Principal Financial Group Inc. boosted its holdings in Urban Edge Properties by 11.0% in the 3rd quarter. Principal Financial Group Inc. now owns 650,407 shares of the real estate investment trust’s stock valued at $13,912,000 after purchasing an additional 64,221 shares during the period. Assetmark Inc. boosted its holdings in Urban Edge Properties by 5.0% in the 3rd quarter. Assetmark Inc. now owns 41,523 shares of the real estate investment trust’s stock valued at $888,000 after purchasing an additional 1,965 shares during the period. Finally, Entropy Technologies LP bought a new stake in Urban Edge Properties in the 3rd quarter valued at about $206,000. Institutional investors own 94.94% of the company’s stock.

Insider Activity

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 240,000 shares of the business’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 transaction of $5,388,000.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.10% of the company’s stock.

Urban Edge Properties Price Performance

Shares of NYSE:UE opened at $19.61 on Tuesday. The firm has a 50 day moving average of $20.47 and a 200-day moving average of $21.39. The stock has a market capitalization of $2.46 billion, a PE ratio of 33.23 and a beta of 1.54. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. Urban Edge Properties has a 12 month low of $15.81 and a 12 month high of $23.85.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. On average, equities research analysts predict that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.19 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 3.88%. Urban Edge Properties’s payout ratio is presently 128.81%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Evercore ISI cut 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 report on Tuesday, December 24th.

About Urban Edge Properties

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.