Farther Finance Advisors LLC Reduces Stock Position in Urban Edge Properties (NYSE:UE)

Farther Finance Advisors LLC lessened its holdings in shares of Urban Edge Properties (NYSE:UE) by 20.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,825 shares of the real estate investment trust’s stock after selling 4,338 shares during the period. Farther Finance Advisors LLC’s holdings in Urban Edge Properties were worth $362,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UE. Wellington Management Group LLP increased its stake in shares of Urban Edge Properties by 1,499.6% during the third quarter. Wellington Management Group LLP now owns 1,599,628 shares of the real estate investment trust’s stock valued at $34,216,000 after buying an additional 1,499,628 shares during the period. FMR LLC boosted its holdings in Urban Edge Properties by 8.6% in the third quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock valued at $297,568,000 after acquiring an additional 1,096,560 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Urban Edge Properties by 438.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 782,921 shares of the real estate investment trust’s stock valued at $16,747,000 after purchasing an additional 637,587 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its holdings in Urban Edge Properties by 718.6% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 447,487 shares of the real estate investment trust’s stock worth $9,621,000 after purchasing an additional 392,820 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Urban Edge Properties by 7.8% in the 3rd quarter. Jennison Associates LLC now owns 2,966,029 shares of the real estate investment trust’s stock worth $63,443,000 after purchasing an additional 215,879 shares during the period. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Stock Performance

Shares of Urban Edge Properties stock opened at $18.65 on Tuesday. Urban Edge Properties has a 12 month low of $15.81 and a 12 month high of $23.85. The firm has a market capitalization of $2.34 billion, a P/E ratio of 31.60 and a beta of 1.54. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. The business has a fifty day simple moving average of $20.17 and a two-hundred day simple moving average of $21.31.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. On average, equities analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.19 dividend. This is a boost from Urban Edge Properties’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Friday, March 14th. Urban Edge Properties’s payout ratio is currently 128.81%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UE shares. Evercore ISI reduced their price target on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. StockNews.com downgraded Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Wednesday, March 12th.

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.