Amalgamated Bank cut its stake in Urban Edge Properties (NYSE:UE – Free Report) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,548 shares of the real estate investment trust’s stock after selling 620 shares during the quarter. Amalgamated Bank’s holdings in Urban Edge Properties were worth $760,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently made changes to their positions in the company. Marshall Wace LLP purchased a new position in shares of Urban Edge Properties in the second quarter valued at $19,326,000. Westwood Holdings Group Inc. lifted its stake in Urban Edge Properties by 12.7% during the first quarter. Westwood Holdings Group Inc. now owns 4,572,054 shares of the real estate investment trust’s stock worth $78,959,000 after purchasing an additional 516,317 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Urban Edge Properties by 48.4% in the second quarter. American Century Companies Inc. now owns 1,406,251 shares of the real estate investment trust’s stock worth $25,973,000 after buying an additional 458,951 shares during the period. Sei Investments Co. increased its holdings in shares of Urban Edge Properties by 32.0% in the second quarter. Sei Investments Co. now owns 909,459 shares of the real estate investment trust’s stock worth $16,798,000 after buying an additional 220,715 shares during the period. Finally, APG Asset Management US Inc. increased its holdings in Urban Edge Properties by 48.2% during the 2nd quarter. APG Asset Management US Inc. now owns 661,067 shares of the real estate investment trust’s stock valued at $12,031,000 after purchasing an additional 215,000 shares during the period. 94.94% of the stock is owned by institutional investors.
Urban Edge Properties Stock Performance
Shares of NYSE:UE opened at $22.94 on Friday. The firm has a market cap of $2.86 billion, a PE ratio of 10.29 and a beta of 1.54. The firm’s 50 day simple moving average is $21.80 and its 200-day simple moving average is $19.79. 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 one year low of $15.81 and a one year high of $23.85.
Urban Edge Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.17 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 2.96%. Urban Edge Properties’s payout ratio is 30.49%.
Wall Street Analyst Weigh In
UE has been the topic of a number of analyst reports. StockNews.com raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Evercore ISI upped their price objective 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.
Check Out Our Latest Stock Report on UE
Insider Buying and Selling at Urban Edge Properties
In related news, CFO Mark Langer sold 93,962 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $23.57, for a total transaction of $2,214,684.34. Following the completion of the sale, the chief financial officer now owns 35,816 shares of the company’s stock, valued at approximately $844,183.12. This 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. 3.10% of the stock is owned by corporate insiders.
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.
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