Nisa Investment Advisors LLC Lowers Position in Urban Edge Properties (NYSE:UE)

Nisa Investment Advisors LLC decreased its position in shares of Urban Edge Properties (NYSE:UE) by 7.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 52,365 shares of the real estate investment trust’s stock after selling 4,400 shares during the period. Nisa Investment Advisors LLC’s holdings in Urban Edge Properties were worth $958,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UE. BlackRock Inc. lifted its position in Urban Edge Properties by 0.3% during the 2nd quarter. BlackRock Inc. now owns 21,255,649 shares of the real estate investment trust’s stock valued at $327,975,000 after acquiring an additional 68,117 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Urban Edge Properties by 1.5% during the third quarter. Vanguard Group Inc. now owns 18,343,408 shares of the real estate investment trust’s stock valued at $244,701,000 after purchasing an additional 272,880 shares during the last quarter. FMR LLC boosted its position in shares of Urban Edge Properties by 3.0% in the 3rd quarter. FMR LLC now owns 13,294,317 shares of the real estate investment trust’s stock worth $202,871,000 after purchasing an additional 388,473 shares in the last quarter. State Street Corp boosted its position in shares of Urban Edge Properties by 1.0% in the 3rd quarter. State Street Corp now owns 7,107,986 shares of the real estate investment trust’s stock worth $94,821,000 after purchasing an additional 68,525 shares in the last quarter. Finally, Resolution Capital Ltd grew its stake in shares of Urban Edge Properties by 20.8% in the 3rd quarter. Resolution Capital Ltd now owns 4,593,348 shares of the real estate investment trust’s stock worth $70,094,000 after buying an additional 792,133 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Stock Performance

Shares of UE stock opened at $16.21 on Tuesday. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 7.65 and a beta of 1.49. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.42 and a current ratio of 2.42. Urban Edge Properties has a one year low of $13.13 and a one year high of $18.79. The company’s 50-day moving average is $16.95 and its 200 day moving average is $16.88.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, February 14th. The real estate investment trust reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $1.57. The firm had revenue of $106.25 million for the quarter. Urban Edge Properties had a net margin of 59.60% and a return on equity of 23.62%. Sell-side analysts expect that Urban Edge Properties will post 1.27 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.19%. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, March 14th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 32.08%.

Insiders Place Their Bets

In related news, General Counsel Robert C. Milton III sold 26,333 shares of Urban Edge Properties stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $17.02, for a total value of $448,187.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

Separately, Morgan Stanley upgraded Urban Edge Properties from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $14.00 to $18.00 in a research note on Thursday, December 21st.

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.