Verition Fund Management LLC Has $307,000 Stock Holdings in Urban Edge Properties (NYSE:UE)

Verition Fund Management LLC raised its position in Urban Edge Properties (NYSE:UE) by 13.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 14,371 shares of the real estate investment trust’s stock after buying an additional 1,735 shares during the period. Verition Fund Management LLC’s holdings in Urban Edge Properties were worth $307,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Urban Edge Properties by 438.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 782,921 shares of the real estate investment trust’s stock worth $16,747,000 after buying an additional 637,587 shares during the period. Glenmede Trust Co. NA acquired a new stake in Urban Edge Properties during the 3rd quarter worth $971,000. BNP Paribas Financial Markets raised its position in shares of Urban Edge Properties by 14.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 32,781 shares of the real estate investment trust’s stock valued at $701,000 after acquiring an additional 4,019 shares during the last quarter. FMR LLC lifted its stake in shares of Urban Edge Properties by 8.6% in the 3rd quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock valued at $297,568,000 after purchasing an additional 1,096,560 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of Urban Edge Properties by 8.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 40,398 shares of the real estate investment trust’s stock worth $864,000 after purchasing an additional 3,136 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Urban Edge Properties

In other Urban Edge Properties news, CFO Mark Langer sold 93,962 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now owns 35,816 shares of the company’s stock, valued at approximately $844,183.12. This represents a 72.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey S. Olson sold 240,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $22.45, for a total value of $5,388,000.00. Following the completion of the transaction, the chief executive officer now owns 1,931 shares in the company, valued at approximately $43,350.95. This represents a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Urban Edge Properties Price Performance

Shares of NYSE UE opened at $22.34 on Friday. The firm has a market cap of $2.79 billion, a PE ratio of 10.02 and a beta of 1.53. The company has a fifty day moving average price of $22.49 and a 200 day moving average price of $20.58. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. Urban Edge Properties has a 1-year low of $15.81 and a 1-year high of $23.85.

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 (EPS) for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. The company had revenue of $112.26 million for the quarter. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 3.04%. Urban Edge Properties’s dividend payout ratio is currently 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.