Quest Partners LLC Makes New $101,000 Investment in Urban Edge Properties (NYSE:UE)

Quest Partners LLC bought a new position in shares of Urban Edge Properties (NYSE:UE) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,710 shares of the real estate investment trust’s stock, valued at approximately $101,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in shares of Urban Edge Properties in the 2nd quarter worth approximately $50,000. GAMMA Investing LLC lifted its position in shares of Urban Edge Properties by 25.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 563 shares during the period. Signaturefd LLC lifted its position in shares of Urban Edge Properties by 91.6% in the 2nd quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,317 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Urban Edge Properties by 36.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 1,221 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Urban Edge Properties by 875.1% during the 3rd quarter. Blue Trust Inc. now owns 7,947 shares of the real estate investment trust’s stock valued at $170,000 after acquiring an additional 7,132 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Urban Edge Properties

In other Urban Edge Properties news, CFO Mark Langer sold 93,962 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $23.57, for a total transaction of $2,214,684.34. Following the completion of the sale, the chief financial officer now owns 35,816 shares in the company, valued at approximately $844,183.12. The trade was a 72.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.10% of the stock is currently owned by company insiders.

Urban Edge Properties Stock Down 1.3 %

Urban Edge Properties stock opened at $23.01 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. Urban Edge Properties has a 12-month low of $15.81 and a 12-month high of $23.85. The firm’s fifty day moving average is $22.16 and its 200 day moving average is $20.17. The company has a market capitalization of $2.87 billion, a PE ratio of 10.32 and a beta of 1.54.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 EPS for the quarter. The business had revenue of $112.26 million during the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. As a group, sell-side analysts predict that Urban Edge Properties will post 1.32 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 2.96%. Urban Edge Properties’s dividend payout ratio (DPR) is presently 30.49%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Evercore ISI boosted their target price on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a research report on Monday, September 16th.

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.