USA Financial Formulas Takes $93,000 Position in Urban Edge Properties (NYSE:UE)

USA Financial Formulas bought a new position in shares of Urban Edge Properties (NYSE:UE) in the fourth quarter, Holdings Channel reports. The institutional investor bought 4,322 shares of the real estate investment trust’s stock, valued at approximately $93,000.

Several other institutional investors have also recently added to or reduced their stakes in UE. GAMMA Investing LLC raised its position in Urban Edge Properties by 25.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 563 shares during the last quarter. IFM Investors Pty Ltd lifted its position in Urban Edge Properties by 2.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 28,231 shares of the real estate investment trust’s stock worth $604,000 after buying an additional 584 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Urban Edge Properties by 7.4% during the 2nd quarter. Mackenzie Financial Corp now owns 11,978 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 822 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Urban Edge Properties by 36.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock valued at $97,000 after acquiring an additional 1,221 shares in the last quarter. Finally, M&T Bank Corp raised its stake in shares of Urban Edge Properties by 11.1% in the third quarter. M&T Bank Corp now owns 12,886 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 1,292 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Jeffrey S. Olson sold 240,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $22.45, for a total transaction of $5,388,000.00. Following the sale, the chief executive officer now owns 1,931 shares in the company, valued at $43,350.95. The trade was a 99.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Mark Langer sold 93,962 shares of the firm’s 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 transaction, the chief financial officer now owns 35,816 shares of the company’s stock, valued at approximately $844,183.12. This trade represents a 72.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Evercore ISI decreased their price objective on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th.

Urban Edge Properties Price Performance

Shares of UE opened at $20.35 on Friday. The stock has a 50 day simple moving average of $22.05 and a 200 day simple moving average of $21.12. 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 firm has a market capitalization of $2.54 billion, a PE ratio of 9.12 and a beta of 1.55.

Urban Edge Properties (NYSE:UE) last issued its quarterly 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 firm had revenue of $112.26 million for the quarter. Sell-side analysts predict that Urban Edge Properties will post 1.32 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Friday, December 13th. Urban Edge Properties’s dividend payout ratio 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.