Cerity Partners LLC Purchases New Shares in Urban Edge Properties (NYSE:UE)

Cerity Partners LLC purchased a new stake in shares of Urban Edge Properties (NYSE:UE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,080 shares of the real estate investment trust’s stock, valued at approximately $404,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UE. SG Americas Securities LLC grew its position in Urban Edge Properties by 378.5% during the third quarter. SG Americas Securities LLC now owns 75,756 shares of the real estate investment trust’s stock valued at $1,156,000 after buying an additional 59,923 shares during the period. Bank of New York Mellon Corp grew its position in shares of Urban Edge Properties by 13.8% in the third quarter. Bank of New York Mellon Corp now owns 2,136,744 shares of the real estate investment trust’s stock valued at $32,607,000 after purchasing an additional 259,002 shares during the period. Bailard Inc. grew its position in shares of Urban Edge Properties by 130.6% in the third quarter. Bailard Inc. now owns 33,900 shares of the real estate investment trust’s stock valued at $517,000 after purchasing an additional 19,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Urban Edge Properties by 9.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,432 shares of the real estate investment trust’s stock valued at $739,000 after purchasing an additional 4,133 shares during the period. Finally, Brighton Jones LLC grew its position in shares of Urban Edge Properties by 10.3% in the third quarter. Brighton Jones LLC now owns 25,048 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 2,344 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Robert C. Milton III sold 26,333 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $17.02, for a total transaction of $448,187.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.10% of the stock is currently owned by company insiders.

Urban Edge Properties Stock Down 0.8 %

Shares of NYSE UE opened at $16.58 on Friday. The company’s 50-day simple moving average is $16.79 and its 200-day simple moving average is $16.93. Urban Edge Properties has a 52-week low of $13.13 and a 52-week high of $18.79. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 7.82 and a beta of 1.49. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.29.

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

Urban Edge Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 4.10%. Urban Edge Properties’s payout ratio is presently 32.08%.

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.