Vert Asset Management LLC Purchases Shares of 54,200 Urban Edge Properties (NYSE:UE)

Vert Asset Management LLC acquired a new position in shares of Urban Edge Properties (NYSE:UE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 54,200 shares of the real estate investment trust’s stock, valued at approximately $1,030,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GF Fund Management CO. LTD. acquired a new position in Urban Edge Properties during the 4th quarter worth approximately $47,000. Quarry LP bought a new stake in shares of Urban Edge Properties in the fourth quarter worth $49,000. Smartleaf Asset Management LLC boosted its holdings in Urban Edge Properties by 76.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,029 shares during the last quarter. Sterling Capital Management LLC grew its position in Urban Edge Properties by 858.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 3,555 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in Urban Edge Properties in the fourth quarter valued at $206,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Urban Edge Properties news, General Counsel Robert C. Milton sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $18.78, for a total transaction of $488,280.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Monday, May 5th.

Urban Edge Properties Stock Performance

UE opened at $18.66 on Monday. The business’s 50-day simple moving average is $18.08 and its 200 day simple moving average is $19.79. Urban Edge Properties has a 52-week low of $15.66 and a 52-week high of $23.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market capitalization of $2.35 billion, a PE ratio of 31.63 and a beta of 1.19.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. The firm had revenue of $118.17 million for the quarter, compared to analyst estimates of $119.05 million. As a group, sell-side analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, June 13th. This represents a $0.76 dividend on an annualized basis and a yield of 4.07%. Urban Edge Properties’s payout ratio is 118.75%.

Urban Edge Properties Profile

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.