Nisa Investment Advisors LLC Sells 5,217 Shares of Urban Edge Properties (NYSE:UE)

Nisa Investment Advisors LLC decreased its holdings in shares of Urban Edge Properties (NYSE:UE) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,287 shares of the real estate investment trust’s stock after selling 5,217 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Urban Edge Properties were worth $1,033,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Urban Edge Properties during the third quarter worth $550,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Urban Edge Properties by 36.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock worth $97,000 after buying an additional 1,221 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Urban Edge Properties by 2.1% during the third quarter. IFM Investors Pty Ltd now owns 28,231 shares of the real estate investment trust’s stock worth $604,000 after buying an additional 584 shares during the last quarter. Blue Trust Inc. grew 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 worth $170,000 after buying an additional 7,132 shares during the period. Finally, ZWJ Investment Counsel Inc. bought a new stake in shares of Urban Edge Properties in the 3rd quarter valued at about $220,000. 94.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UE. Evercore ISI lifted their price objective on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd.

Urban Edge Properties Stock Down 1.1 %

Shares of Urban Edge Properties stock opened at $21.99 on Monday. The company has a market capitalization of $2.75 billion, a P/E ratio of 9.86 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 2.11. The business has a 50-day moving average of $21.36 and a two-hundred day moving average of $19.35. Urban Edge Properties has a 1 year low of $15.81 and a 1 year high of $22.89.

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

Urban Edge Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.17 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 3.09%. Urban Edge Properties’s dividend payout ratio is currently 30.49%.

Urban Edge Properties Company 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.