Urban Edge Properties (NYSE:UE) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in Urban Edge Properties (NYSE:UE) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 362,535 shares of the real estate investment trust’s stock after selling 4,613 shares during the quarter. Sei Investments Co. owned 0.29% of Urban Edge Properties worth $7,795,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its holdings in Urban Edge Properties by 76.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,029 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Urban Edge Properties in the fourth quarter valued at $93,000. KBC Group NV boosted its holdings in Urban Edge Properties by 42.1% in the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 1,524 shares during the period. Coldstream Capital Management Inc. purchased a new position in Urban Edge Properties in the third quarter valued at $206,000. Finally, Blue Trust Inc. grew its stake in Urban Edge Properties by 22.8% during the 4th quarter. Blue Trust Inc. now owns 9,760 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 1,813 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Stock Performance

Shares of UE stock opened at $18.88 on Monday. The company has a market cap of $2.37 billion, a P/E ratio of 32.00 and a beta of 1.54. The firm has a fifty day moving average price of $19.95 and a 200 day moving average price of $21.19. 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 announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. Sell-side analysts predict that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.19 dividend. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Friday, March 14th. Urban Edge Properties’s dividend payout ratio is currently 128.81%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on UE shares. Evercore ISI decreased their price objective on 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. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 20th.

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.