Quantinno Capital Management LP Acquires 3,140 Shares of Urban Edge Properties (NYSE:UE)

Quantinno Capital Management LP lifted its stake in Urban Edge Properties (NYSE:UE) by 16.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,415 shares of the real estate investment trust’s stock after purchasing an additional 3,140 shares during the period. Quantinno Capital Management LP’s holdings in Urban Edge Properties were worth $479,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in UE. FMR LLC grew its stake in 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 worth $297,568,000 after acquiring an additional 1,096,560 shares in the last quarter. Jennison Associates LLC grew its stake in Urban Edge Properties by 7.8% in the third quarter. Jennison Associates LLC now owns 2,966,029 shares of the real estate investment trust’s stock worth $63,443,000 after purchasing an additional 215,879 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Urban Edge Properties by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,271,201 shares of the real estate investment trust’s stock worth $48,581,000 after purchasing an additional 101,111 shares during the period. Dimensional Fund Advisors LP raised its position in Urban Edge Properties by 7.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,757,044 shares of the real estate investment trust’s stock valued at $32,452,000 after purchasing an additional 117,152 shares in the last quarter. Finally, Heitman Real Estate Securities LLC lifted its holdings in shares of Urban Edge Properties by 2.1% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 1,637,734 shares of the real estate investment trust’s stock worth $35,031,000 after buying an additional 33,854 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Urban Edge Properties

In other news, CFO Mark Langer sold 93,962 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $844,183.12. This represents a 72.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey S. Olson sold 240,000 shares of the firm’s 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 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 disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Urban Edge Properties Price Performance

NYSE UE opened at $22.33 on Friday. The company has a market cap of $2.79 billion, a PE ratio of 10.01 and a beta of 1.53. The firm’s 50 day moving average price is $22.49 and its 200-day moving average price is $20.60. 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 has a 52-week low of $15.81 and a 52-week high of $23.85.

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 (EPS) for the quarter. The business had revenue of $112.26 million for the quarter. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. Sell-side analysts forecast that Urban Edge Properties will post 1.32 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 yield of 3.05%. Urban Edge Properties’s dividend payout ratio is presently 30.49%.

Analyst Ratings Changes

Separately, Evercore ISI raised their price target 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 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.