Urban Edge Properties (NYSE:UE) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in shares of Urban Edge Properties (NYSE:UE) by 10.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,621 shares of the real estate investment trust’s stock after selling 2,763 shares during the period. Victory Capital Management Inc.’s holdings in Urban Edge Properties were worth $484,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in shares of Urban Edge Properties in the 2nd quarter worth $50,000. Signaturefd LLC lifted its stake in shares of 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 acquiring an additional 1,317 shares during the period. GAMMA Investing LLC lifted its stake in shares of 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 acquiring an additional 563 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Urban Edge Properties by 36.0% in 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. Finally, Blue Trust Inc. lifted its stake in shares of Urban Edge Properties by 875.1% in the 3rd quarter. Blue Trust Inc. now owns 7,947 shares of the real estate investment trust’s stock worth $170,000 after acquiring an additional 7,132 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Stock Performance

NYSE:UE opened at $23.01 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average price of $22.16 and a two-hundred day moving average price of $20.17. Urban Edge Properties has a twelve month low of $15.81 and a twelve month high of $23.85. The company has a market capitalization of $2.87 billion, a P/E ratio of 10.45 and a beta of 1.54.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. The firm had revenue of $112.26 million during the quarter. As a group, research analysts expect that Urban Edge Properties will post 1.32 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.17 per share. 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 2.96%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 30.49%.

Insider Transactions at Urban Edge Properties

In related news, CFO Mark Langer sold 93,962 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 35,816 shares of the company’s stock, valued at approximately $844,183.12. This trade represents a 72.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UE. Evercore ISI increased their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a report on Monday, September 16th. StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Friday, August 2nd.

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.