Urban Edge Properties (NYSE:UE) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in Urban Edge Properties (NYSE:UE) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 35,548 shares of the real estate investment trust’s stock after selling 620 shares during the quarter. Amalgamated Bank’s holdings in Urban Edge Properties were worth $760,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in UE. Allspring Global Investments Holdings LLC increased its position in shares of Urban Edge Properties by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,342 shares of the real estate investment trust’s stock valued at $438,000 after purchasing an additional 2,135 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Urban Edge Properties by 36.9% during the first quarter. BNP Paribas Financial Markets now owns 61,209 shares of the real estate investment trust’s stock worth $1,057,000 after buying an additional 16,493 shares in the last quarter. Sei Investments Co. boosted its holdings in Urban Edge Properties by 33.1% during the first quarter. Sei Investments Co. now owns 688,744 shares of the real estate investment trust’s stock worth $11,895,000 after buying an additional 171,246 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Urban Edge Properties by 16.2% during the first quarter. Russell Investments Group Ltd. now owns 191,555 shares of the real estate investment trust’s stock worth $3,308,000 after buying an additional 26,650 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Urban Edge Properties by 7.4% in the first quarter. ProShare Advisors LLC now owns 23,232 shares of the real estate investment trust’s stock valued at $401,000 after purchasing an additional 1,594 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Urban Edge Properties

In other news, CFO Mark Langer sold 93,962 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $23.57, for a total transaction of $2,214,684.34. Following the completion of the transaction, the chief financial officer now owns 35,816 shares in the company, valued at approximately $844,183.12. This trade 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. 3.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UE has been the subject of a number of analyst reports. Evercore ISI boosted their price objective on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd.

Urban Edge Properties Trading Down 0.3 %

NYSE UE opened at $22.94 on Friday. Urban Edge Properties has a 12 month low of $15.81 and a 12 month high of $23.85. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 10.29 and a beta of 1.54. The company’s fifty day moving average price is $21.80 and its two-hundred day moving average price is $19.79.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter. The company had revenue of $112.26 million for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. As a group, research analysts predict that Urban Edge Properties will post 1.32 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.17 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.96%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 30.49%.

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.