Urban Edge Properties (NYSE:UE) Stock Holdings Lessened by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Urban Edge Properties (NYSE:UE) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 47,405 shares of the real estate investment trust’s stock after selling 1,027 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Urban Edge Properties were worth $868,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Urban Edge Properties by 2.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 24,660 shares of the real estate investment trust’s stock valued at $376,000 after acquiring an additional 700 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Urban Edge Properties by 7.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 11,672 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 841 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Urban Edge Properties by 0.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 183,314 shares of the real estate investment trust’s stock worth $3,421,000 after buying an additional 1,126 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Urban Edge Properties by 3.8% during the third quarter. Daiwa Securities Group Inc. now owns 37,519 shares of the real estate investment trust’s stock valued at $573,000 after buying an additional 1,387 shares in the last quarter. Finally, Pathstone Family Office LLC lifted its stake in Urban Edge Properties by 14.6% in the 3rd quarter. Pathstone Family Office LLC now owns 15,550 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 1,983 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Urban Edge Properties

In other Urban Edge Properties news, General Counsel Robert C. Milton III sold 26,333 shares of the business’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is currently owned by company insiders.

Urban Edge Properties Stock Down 0.4 %

Urban Edge Properties stock opened at $16.51 on Monday. Urban Edge Properties has a twelve month low of $13.13 and a twelve month high of $18.79. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.42 and a current ratio of 2.42. The firm has a market cap of $1.96 billion, a PE ratio of 7.79 and a beta of 1.49. The firm’s 50 day moving average price is $16.76 and its two-hundred day moving average price is $16.96.

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 for the quarter, topping 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 return on equity of 23.62% and a net margin of 59.60%. On average, research 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 announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.17 dividend. The ex-dividend date was Thursday, March 14th. This is a boost 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 4.12%. Urban Edge Properties’s payout ratio is 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.