6,300 Shares in Urban Edge Properties (NYSE:UE) Purchased by Federated Hermes Inc.

Federated Hermes Inc. purchased a new stake in shares of Urban Edge Properties (NYSE:UE) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,300 shares of the real estate investment trust’s stock, valued at approximately $115,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vestmark Advisory Solutions Inc. purchased a new position in Urban Edge Properties during the third quarter worth about $174,000. Oppenheimer Asset Management Inc. boosted its stake in shares of Urban Edge Properties by 7.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,672 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 841 shares during the last quarter. Pathstone Family Office LLC boosted its stake in shares of 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 buying an additional 1,983 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Urban Edge Properties in the third quarter valued at approximately $270,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Urban Edge Properties during the third quarter valued at approximately $310,000. 94.94% of the stock is owned by institutional investors.

Urban Edge Properties Stock Up 0.5 %

UE stock opened at $17.08 on Tuesday. The stock has a market cap of $2.03 billion, a P/E ratio of 8.06 and a beta of 1.49. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 1.29. The stock’s fifty day simple moving average is $16.74 and its two-hundred day simple moving average is $17.04. Urban Edge Properties has a 1-year low of $13.13 and a 1-year high of $18.79.

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 for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $106.25 million for the quarter. Analysts expect that Urban Edge Properties will post 1.27 EPS for the current year.

Urban Edge Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.68 annualized dividend and a dividend yield of 3.98%. Urban Edge Properties’s payout ratio is 32.08%.

Insider Activity

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

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.