Nomura Asset Management Co. Ltd. Buys 7,000 Shares of Urban Edge Properties (NYSE:UE)

Nomura Asset Management Co. Ltd. lifted its stake in shares of Urban Edge Properties (NYSE:UE) by 4.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 152,700 shares of the real estate investment trust’s stock after acquiring an additional 7,000 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Urban Edge Properties were worth $3,266,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in Urban Edge Properties by 8.6% in the third quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock valued at $297,568,000 after purchasing an additional 1,096,560 shares during the last quarter. State Street Corp increased its stake in shares of Urban Edge Properties by 2.6% in the third quarter. State Street Corp now owns 6,990,363 shares of the real estate investment trust’s stock valued at $149,524,000 after buying an additional 177,745 shares during the period. Jennison Associates LLC raised its holdings in Urban Edge Properties by 7.8% in the 3rd quarter. Jennison Associates LLC now owns 2,966,029 shares of the real estate investment trust’s stock valued at $63,443,000 after buying an additional 215,879 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Urban Edge Properties by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,271,201 shares of the real estate investment trust’s stock worth $48,581,000 after buying an additional 101,111 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Urban Edge Properties by 7.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,757,044 shares of the real estate investment trust’s stock worth $32,452,000 after acquiring an additional 117,152 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 sale, the chief financial officer now owns 35,816 shares of the company’s stock, valued at $844,183.12. This trade represents a 72.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $5,388,000.00. Following the transaction, 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 disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

Urban Edge Properties Trading Up 0.2 %

NYSE UE opened at $22.33 on Friday. The firm has a market capitalization of $2.79 billion, a PE ratio of 10.01 and a beta of 1.53. The business’s 50-day moving average price is $22.49 and its two-hundred day moving average price is $20.60. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. Urban Edge Properties has a 12 month low of $15.81 and a 12 month high of $23.85.

Urban Edge Properties (NYSE:UE) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 EPS for the quarter. The business had revenue of $112.26 million for the quarter. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. On average, analysts expect that Urban Edge Properties will post 1.32 EPS for the current year.

Urban Edge Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties’s dividend payout ratio (DPR) is presently 30.49%.

Wall Street Analyst Weigh In

Separately, Evercore ISI raised their price target on shares of 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.

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.