Urban Edge Properties (NYSE:UE) Stock Holdings Lowered by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its position in shares of Urban Edge Properties (NYSE:UE) by 0.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,166,992 shares of the real estate investment trust’s stock after selling 2,028 shares during the period. Fisher Asset Management LLC owned 0.93% of Urban Edge Properties worth $24,962,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of UE. Point72 Hong Kong Ltd bought a new position in shares of Urban Edge Properties during the second quarter worth about $50,000. Signaturefd LLC grew its position in shares of Urban Edge Properties by 91.6% during the second quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,317 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Urban Edge Properties by 25.9% during the third quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 563 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Urban Edge Properties by 36.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock worth $97,000 after acquiring an additional 1,221 shares during the last quarter. Finally, Quest Partners LLC bought a new position in Urban Edge Properties in the 3rd quarter valued at about $101,000. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Stock Performance

NYSE:UE opened at $23.31 on Thursday. Urban Edge Properties has a twelve month low of $15.81 and a twelve month high of $23.85. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The company has a 50-day moving average of $22.08 and a 200-day moving average of $20.12. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 10.45 and a beta of 1.54.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data 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 company had revenue of $112.26 million during the quarter. Analysts forecast 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. Shareholders of record on Friday, December 13th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Friday, December 13th. Urban Edge Properties’s dividend payout ratio is presently 30.49%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on UE shares. Evercore ISI increased their target price 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 report on Friday, August 2nd.

Insider Buying and Selling at Urban Edge Properties

In other Urban Edge Properties news, CFO Mark Langer sold 93,962 shares of the company’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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.10% of the company’s stock.

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.