Smartleaf Asset Management LLC Purchases 1,029 Shares of Urban Edge Properties (NYSE:UE)

Smartleaf Asset Management LLC grew its position in Urban Edge Properties (NYSE:UE) by 76.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,367 shares of the real estate investment trust’s stock after purchasing an additional 1,029 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Urban Edge Properties were worth $50,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Metis Global Partners LLC boosted its stake in Urban Edge Properties by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 13,916 shares of the real estate investment trust’s stock worth $299,000 after acquiring an additional 1,420 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Urban Edge Properties during the fourth quarter worth $486,000. Oregon Public Employees Retirement Fund boosted its stake in Urban Edge Properties by 2.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 29,384 shares of the real estate investment trust’s stock worth $632,000 after acquiring an additional 800 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in Urban Edge Properties by 6.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 66,314 shares of the real estate investment trust’s stock worth $1,426,000 after acquiring an additional 4,006 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Urban Edge Properties by 2.0% during the fourth quarter. Amalgamated Bank now owns 36,272 shares of the real estate investment trust’s stock worth $780,000 after acquiring an additional 724 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UE has been the topic of several research analyst reports. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Evercore ISI cut their target price on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th.

Urban Edge Properties Stock Performance

UE opened at $19.61 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. The company’s fifty day moving average price is $20.47 and its two-hundred day moving average price is $21.39. Urban Edge Properties has a 1-year low of $15.81 and a 1-year high of $23.85. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 33.23 and a beta of 1.54.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. On average, analysts expect that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.19 per share. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, March 14th. This represents a $0.76 annualized dividend and a yield of 3.88%. Urban Edge Properties’s dividend payout ratio is presently 128.81%.

Insiders Place Their Bets

In other news, CEO Jeffrey S. Olson sold 240,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total value of $5,388,000.00. Following the completion of the sale, the chief executive officer now owns 1,931 shares in the company, valued at $43,350.95. This represents a 99.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.10% of the company’s stock.

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.