Fisher Asset Management LLC Has $24.96 Million Position in Urban Edge Properties (NYSE:UE)

Fisher Asset Management LLC lowered its position in Urban Edge Properties (NYSE:UE) by 0.2% during the third quarter, according to its most recent Form 13F filing 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’s holdings in Urban Edge Properties were worth $24,962,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in UE. Price T Rowe Associates Inc. MD increased its holdings in Urban Edge Properties by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 121,394 shares of the real estate investment trust’s stock worth $2,097,000 after buying an additional 6,479 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Urban Edge Properties by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 59,800 shares of the real estate investment trust’s stock worth $1,105,000 after buying an additional 1,500 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Urban Edge Properties by 29.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 32,843 shares of the real estate investment trust’s stock valued at $607,000 after purchasing an additional 7,501 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Urban Edge Properties by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,466 shares of the real estate investment trust’s stock valued at $951,000 after purchasing an additional 4,061 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in 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 valued at $51,000 after purchasing an additional 1,317 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Evercore ISI increased their price target on Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a 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.

Insiders Place Their Bets

In other Urban Edge Properties news, CFO Mark Langer sold 93,962 shares of the business’s stock in a transaction dated 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 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. The trade was a 72.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.10% of the company’s stock.

Urban Edge Properties Stock Up 0.2 %

Shares of NYSE:UE opened at $23.31 on Thursday. Urban Edge Properties has a 52 week low of $15.81 and a 52 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. The company’s fifty day moving average is $22.08 and its 200-day moving average is $20.12. The company has a market capitalization of $2.91 billion, a PE ratio of 10.45 and a beta of 1.54.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 EPS 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%. Equities 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 business also recently declared 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 is Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 2.92%. Urban Edge Properties’s dividend payout ratio (DPR) is 30.49%.

About Urban Edge Properties

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.