Mirae Asset Global Investments Co. Ltd. Buys 2,841 Shares of Urban Edge Properties (NYSE:UE)

Mirae Asset Global Investments Co. Ltd. lifted its position in Urban Edge Properties (NYSE:UE) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,666 shares of the real estate investment trust’s stock after acquiring an additional 2,841 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Urban Edge Properties were worth $1,000,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vestmark Advisory Solutions Inc. bought a new position in shares of Urban Edge Properties during the 3rd quarter valued at about $174,000. Oppenheimer Asset Management Inc. increased its stake in Urban Edge Properties by 7.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,672 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 841 shares in the last quarter. Pathstone Family Office LLC raised its holdings in Urban Edge Properties by 14.6% during the 3rd quarter. Pathstone Family Office LLC now owns 15,550 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 1,983 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Urban Edge Properties in the third quarter valued at approximately $270,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Urban Edge Properties in the third quarter valued at approximately $310,000. Institutional investors own 94.94% of the company’s stock.

Insider Activity at Urban Edge Properties

In other Urban Edge Properties news, General Counsel Robert C. Milton III sold 26,333 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $17.02, for a total transaction of $448,187.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is owned by insiders.

Urban Edge Properties Stock Up 1.7 %

Shares of UE stock opened at $16.82 on Wednesday. Urban Edge Properties has a 12-month low of $13.13 and a 12-month high of $18.79. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.29. The firm has a fifty day moving average of $16.82 and a 200-day moving average of $16.92. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 7.93 and a beta of 1.49.

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

Urban Edge Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date was Thursday, March 14th. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.16. Urban Edge Properties’s dividend payout ratio (DPR) is currently 32.08%.

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.