Public Employees Retirement System of Ohio Buys 4,823 Shares of Urban Edge Properties (NYSE:UE)

Public Employees Retirement System of Ohio lifted its stake in shares of Urban Edge Properties (NYSE:UE) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 350,909 shares of the real estate investment trust’s stock after acquiring an additional 4,823 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Urban Edge Properties were worth $7,506,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new stake in Urban Edge Properties in the 2nd quarter worth approximately $50,000. Signaturefd LLC raised its position in shares of Urban Edge Properties by 91.6% in 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 period. GAMMA Investing LLC lifted its stake in shares of Urban Edge Properties by 25.9% in the third quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 563 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Urban Edge Properties by 36.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock worth $97,000 after buying an additional 1,221 shares during the period. Finally, Quest Partners LLC acquired a new position in Urban Edge Properties in the 3rd quarter valued at $101,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 240,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total value of $5,388,000.00. Following the sale, the chief executive officer now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark Langer sold 93,962 shares of the firm’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 transaction, the chief financial officer now directly owns 35,816 shares of the company’s stock, valued at $844,183.12. The trade was a 72.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Urban Edge Properties Stock Performance

Shares of NYSE UE opened at $22.46 on Friday. Urban Edge Properties has a 12 month low of $15.81 and a 12 month high of $23.85. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. The company has a market cap of $2.80 billion, a P/E ratio of 10.07 and a beta of 1.53. The business’s 50 day moving average is $22.46 and its two-hundred day moving average is $20.54.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 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 during the quarter. On average, equities analysts expect that Urban Edge Properties will post 1.32 EPS for the current year.

Urban Edge Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties’s payout ratio is presently 30.49%.

Wall Street Analyst Weigh In

Separately, Evercore ISI boosted their target price on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a research report 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.