3,518 Shares in Urban Edge Properties (NYSE:UE) Purchased by GAMMA Investing LLC

GAMMA Investing LLC acquired a new stake in Urban Edge Properties (NYSE:UE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,518 shares of the real estate investment trust’s stock, valued at approximately $61,000.

Other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC acquired a new stake in shares of Urban Edge Properties in the 4th quarter valued at approximately $18,494,000. Resolution Capital Ltd raised its position in Urban Edge Properties by 20.8% in the third quarter. Resolution Capital Ltd now owns 4,593,348 shares of the real estate investment trust’s stock worth $70,094,000 after acquiring an additional 792,133 shares in the last quarter. American Century Companies Inc. lifted its holdings in Urban Edge Properties by 52.2% in the third quarter. American Century Companies Inc. now owns 1,599,058 shares of the real estate investment trust’s stock valued at $24,402,000 after acquiring an additional 548,193 shares during the period. FMR LLC boosted its position in shares of Urban Edge Properties by 3.0% during the 3rd quarter. FMR LLC now owns 13,294,317 shares of the real estate investment trust’s stock worth $202,871,000 after purchasing an additional 388,473 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Urban Edge Properties by 13.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,136,744 shares of the real estate investment trust’s stock worth $32,607,000 after purchasing an additional 259,002 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Stock Performance

Shares of UE opened at $17.00 on Thursday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.29. Urban Edge Properties has a 52-week low of $13.13 and a 52-week high of $18.79. The company has a 50-day simple moving average of $16.74 and a 200-day simple moving average of $16.99. The company has a market capitalization of $2.02 billion, a PE ratio of 8.02 and a beta of 1.49.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, February 14th. The real estate investment trust reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $1.57. The company had revenue of $106.25 million during the quarter. Urban Edge Properties had a net margin of 59.60% and a return on equity of 23.62%. Equities research analysts predict that Urban Edge Properties will post 1.27 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.00%. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, March 14th. Urban Edge Properties’s payout ratio is presently 32.08%.

Insider Buying and Selling at Urban Edge Properties

In other Urban Edge Properties news, General Counsel Robert C. Milton III sold 26,333 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $17.02, for a total transaction of $448,187.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.10% of the stock is owned by corporate insiders.

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.