Van ECK Associates Corp Acquires 2,701 Shares of Urban Edge Properties (NYSE:UE)

Van ECK Associates Corp raised its holdings in shares of Urban Edge Properties (NYSE:UE) by 14.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,031 shares of the real estate investment trust’s stock after purchasing an additional 2,701 shares during the period. Van ECK Associates Corp’s holdings in Urban Edge Properties were worth $462,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in UE. Point72 Hong Kong Ltd purchased a new stake in Urban Edge Properties during the 2nd quarter valued at about $50,000. GAMMA Investing LLC grew its holdings in shares of Urban Edge Properties by 25.9% during the third quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 563 shares during the last quarter. Signaturefd LLC increased its position in shares of Urban Edge Properties by 91.6% during the second quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,317 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in 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 acquiring an additional 1,221 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Urban Edge Properties by 875.1% in 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 in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UE has been the subject of a number of research analyst reports. StockNews.com raised Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Evercore ISI boosted their target price on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th.

Insider Transactions at Urban Edge Properties

In other news, CFO Mark Langer sold 93,962 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $23.57, for a total value of $2,214,684.34. Following the transaction, the chief financial officer now owns 35,816 shares of the company’s stock, valued at $844,183.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is currently owned by company insiders.

Urban Edge Properties Stock Down 1.2 %

Urban Edge Properties stock opened at $23.32 on Wednesday. The stock has a market cap of $2.91 billion, a PE ratio of 10.46 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a fifty day moving average of $21.66 and a 200 day moving average of $19.70. Urban Edge Properties has a one year low of $15.81 and a one year high of $23.85.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter. The firm had revenue of $112.26 million for 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 year.

Urban Edge Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Friday, December 13th. Urban Edge Properties’s payout ratio is 30.49%.

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.