Urban Edge Properties (NYSE:UE) Shares Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC boosted its position in Urban Edge Properties (NYSE:UEFree Report) by 146.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,597 shares of the real estate investment trust’s stock after acquiring an additional 25,929 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Urban Edge Properties were worth $798,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UE. Mutual of America Capital Management LLC raised its holdings in 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 worth $4,946,000 after purchasing an additional 249,635 shares in the last quarter. Evoke Wealth LLC acquired a new stake in Urban Edge Properties during the fourth quarter worth approximately $1,106,000. American Century Companies Inc. raised its holdings in Urban Edge Properties by 52.2% during the third quarter. American Century Companies Inc. now owns 1,599,058 shares of the real estate investment trust’s stock worth $24,402,000 after purchasing an additional 548,193 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Urban Edge Properties by 273.8% during the fourth quarter. Victory Capital Management Inc. now owns 77,131 shares of the real estate investment trust’s stock worth $1,411,000 after purchasing an additional 56,499 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in Urban Edge Properties by 8.3% during the fourth quarter. M&T Bank Corp now owns 11,723 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 901 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity at Urban Edge Properties

In related news, General Counsel Robert C. Milton III sold 26,333 shares of Urban Edge Properties 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by insiders.

Urban Edge Properties Stock Performance

Shares of UE opened at $17.80 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.25. The firm has a market cap of $2.11 billion, a PE ratio of 7.74 and a beta of 1.51. The company’s 50 day simple moving average is $16.93 and its 200-day simple moving average is $17.26. Urban Edge Properties has a 12-month low of $14.13 and a 12-month high of $18.79.

Urban Edge Properties (NYSE:UEGet Free Report) last announced its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.28). The business had revenue of $109.63 million for the quarter, compared to analysts’ expectations of $106.38 million. Urban Edge Properties had a return on equity of 24.36% and a net margin of 63.27%. As a group, equities analysts predict that Urban Edge Properties will post 1.27 EPS for the current year.

Urban Edge Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.68 dividend on an annualized basis and a yield of 3.82%. Urban Edge Properties’s dividend payout ratio (DPR) is 29.57%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Thursday, May 9th.

Check Out Our Latest Stock Analysis on UE

Urban Edge Properties Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Urban Edge Properties (NYSE:UE)

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