Public Sector Pension Investment Board Has $5.51 Million Stock Holdings in Urban Edge Properties (NYSE:UE)

Public Sector Pension Investment Board reduced its holdings in Urban Edge Properties (NYSE:UE) by 1.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 257,455 shares of the real estate investment trust’s stock after selling 4,000 shares during the period. Public Sector Pension Investment Board’s holdings in Urban Edge Properties were worth $5,507,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in shares of Urban Edge Properties in the second quarter worth approximately $50,000. GAMMA Investing LLC boosted its stake in shares of 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. Signaturefd LLC boosted its stake in shares of Urban Edge Properties by 91.6% in the 2nd 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. Mirae Asset Global Investments Co. Ltd. raised its stake in 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 buying an additional 1,221 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Urban Edge Properties in the third quarter valued at $101,000. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI boosted their price objective 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 Stock Performance

Shares of UE stock opened at $23.01 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. Urban Edge Properties has a 52 week low of $15.81 and a 52 week high of $23.85. The firm has a 50 day moving average of $22.20 and a 200-day moving average of $20.23. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 10.32 and a beta of 1.54.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results 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 firm had revenue of $112.26 million during the quarter. On average, equities analysts forecast that Urban Edge Properties will post 1.32 earnings per share for the current year.

Urban Edge Properties Dividend Announcement

The company also recently declared 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 of this dividend is Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 2.96%. Urban Edge Properties’s payout ratio is currently 30.49%.

Insider Buying and Selling at Urban Edge Properties

In other Urban Edge Properties news, CFO Mark Langer sold 93,962 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $23.57, for a total value 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 trade 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 accessible 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.