Barclays PLC Boosts Stock Holdings in Urban Edge Properties (NYSE:UE)

Barclays PLC raised its stake in Urban Edge Properties (NYSE:UE) by 346.2% during the third quarter, HoldingsChannel.com reports. The fund owned 221,007 shares of the real estate investment trust’s stock after purchasing an additional 171,478 shares during the quarter. Barclays PLC’s holdings in Urban Edge Properties were worth $4,727,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC boosted 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 valued at $59,000 after acquiring an additional 563 shares during the last quarter. IFM Investors Pty Ltd raised its stake in Urban Edge Properties by 2.1% during the third quarter. IFM Investors Pty Ltd now owns 28,231 shares of the real estate investment trust’s stock valued at $604,000 after purchasing an additional 584 shares in the last quarter. Arizona State Retirement System lifted its position in Urban Edge Properties by 1.9% during the second quarter. Arizona State Retirement System now owns 32,958 shares of the real estate investment trust’s stock valued at $609,000 after purchasing an additional 627 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Urban Edge Properties by 7.4% in the 2nd quarter. Mackenzie Financial Corp now owns 11,978 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 822 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings 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 buying an additional 1,221 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 240,000 shares of the business’s 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 directly owns 1,931 shares of the company’s stock, valued at $43,350.95. The trade was a 99.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Langer sold 93,962 shares of the firm’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 transaction of $2,214,684.34. Following the transaction, the chief financial officer now directly owns 35,816 shares in the company, valued at approximately $844,183.12. This trade represents a 72.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI lifted their price target on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th.

Urban Edge Properties Stock Performance

NYSE:UE opened at $21.57 on Friday. The firm has a market capitalization of $2.69 billion, a PE ratio of 9.67 and a beta of 1.53. The stock’s fifty day moving average is $22.55 and its 200 day moving average is $20.73. Urban Edge Properties has a fifty-two week low of $15.81 and a fifty-two week high of $23.85. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.30.

Urban Edge Properties (NYSE:UE) last announced 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 business had revenue of $112.26 million for the quarter. On average, sell-side analysts anticipate that Urban Edge Properties will post 1.32 earnings per share for the current year.

Urban Edge Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 3.15%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 30.49%.

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.