KBC Group NV Buys 1,524 Shares of Urban Edge Properties (NYSE:UE)

KBC Group NV boosted its stake in shares of Urban Edge Properties (NYSE:UE) by 42.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,141 shares of the real estate investment trust’s stock after purchasing an additional 1,524 shares during the quarter. KBC Group NV’s holdings in Urban Edge Properties were worth $111,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position 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 last quarter. IFM Investors Pty Ltd grew its holdings in Urban Edge Properties by 2.1% in the 3rd 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. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 worth $97,000 after buying an additional 1,221 shares during the last quarter. M&T Bank Corp boosted its position in shares of Urban Edge Properties by 11.1% in the third 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. Finally, Verition Fund Management LLC grew its stake in shares of Urban Edge Properties by 13.7% in the third quarter. Verition Fund Management LLC now owns 14,371 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 1,735 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Urban Edge Properties

In other news, CFO Mark Langer sold 93,962 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was 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 in the company, valued at approximately $844,183.12. This represents a 72.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffrey S. Olson sold 240,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was 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 approximately $43,350.95. The trade was 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 insiders.

Urban Edge Properties Stock Up 1.2 %

NYSE UE opened at $20.69 on Friday. Urban Edge Properties has a twelve month low of $15.81 and a twelve month high of $23.85. The stock has a market cap of $2.58 billion, a PE ratio of 9.28 and a beta of 1.54. The firm has a 50-day simple moving average of $21.18 and a 200 day simple moving average of $21.27. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.30.

Analyst Ratings Changes

Separately, Evercore ISI cut 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 research note 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.