Strs Ohio Sells 900 Shares of Urban Edge Properties (NYSE:UE)

Strs Ohio lowered its holdings in shares of Urban Edge Properties (NYSE:UE) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,400 shares of the real estate investment trust’s stock after selling 900 shares during the quarter. Strs Ohio’s holdings in Urban Edge Properties were worth $428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of UE. Mutual of America Capital Management LLC increased its position in shares of Urban Edge Properties by 1,210.8% during the fourth quarter. Mutual of America Capital Management LLC now owns 270,253 shares of the real estate investment trust’s stock valued at $4,946,000 after acquiring an additional 249,635 shares during the last quarter. American Century Companies Inc. increased its holdings in Urban Edge Properties by 52.2% during the 3rd quarter. American Century Companies Inc. now owns 1,599,058 shares of the real estate investment trust’s stock valued at $24,402,000 after purchasing an additional 548,193 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Urban Edge Properties during the 3rd quarter valued at approximately $1,468,000. SG Americas Securities LLC raised its holdings in Urban Edge Properties by 378.5% in the 3rd quarter. SG Americas Securities LLC now owns 75,756 shares of the real estate investment trust’s stock worth $1,156,000 after acquiring an additional 59,923 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Urban Edge Properties by 13.8% during the 3rd 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 buying an additional 259,002 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Trading Down 0.4 %

Shares of Urban Edge Properties stock opened at $16.51 on Monday. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 7.79 and a beta of 1.49. The business has a 50-day moving average price of $16.76 and a 200-day moving average price of $16.96. 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 has a twelve month low of $13.13 and a twelve month high of $18.79.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data 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. The company 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%. Equities research analysts anticipate that Urban Edge Properties will post 1.27 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The firm also recently disclosed 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. This represents a $0.68 annualized dividend and a yield of 4.12%. 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 presently 32.08%.

Insider Activity

In other news, General Counsel Robert C. Milton III sold 26,333 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $17.02, for a total value of $448,187.66. The sale was disclosed in a filing with the SEC, which is available at this link. 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.