Urban Edge Properties (NYSE:UE) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in shares of Urban Edge Properties (NYSE:UE) by 14.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,781 shares of the real estate investment trust’s stock after buying an additional 4,019 shares during the period. BNP Paribas Financial Markets’ holdings in Urban Edge Properties were worth $701,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UE. Louisiana State Employees Retirement System increased its holdings in Urban Edge Properties by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 59,800 shares of the real estate investment trust’s stock worth $1,105,000 after purchasing an additional 1,500 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Urban Edge Properties by 29.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 32,843 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 7,501 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Urban Edge Properties by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,466 shares of the real estate investment trust’s stock valued at $951,000 after buying an additional 4,061 shares in the last quarter. Signaturefd LLC increased its stake in 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 purchasing an additional 1,317 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Urban Edge Properties by 11.2% in the 2nd quarter. Van ECK Associates Corp now owns 18,330 shares of the real estate investment trust’s stock valued at $339,000 after buying an additional 1,849 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Trading Up 0.1 %

Shares of NYSE:UE opened at $22.46 on Friday. Urban Edge Properties has a 1 year low of $15.81 and a 1 year high of $23.85. The firm has a fifty day moving average price of $22.46 and a 200 day moving average price of $20.54. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $2.80 billion, a PE ratio of 10.07 and a beta of 1.53.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter. The company 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%. Analysts expect that Urban Edge Properties will post 1.32 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties’s dividend payout ratio is currently 30.49%.

Insider Buying and Selling at Urban Edge Properties

In related news, CEO Jeffrey S. Olson sold 240,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total value of $5,388,000.00. Following the sale, the chief executive officer now directly owns 1,931 shares in the company, valued at $43,350.95. This trade represents a 99.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark Langer sold 93,962 shares of the company’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 of the company’s stock, valued at approximately $844,183.12. This represents a 72.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI lifted their price target on Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a report on Monday, September 16th.

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.