Metis Global Partners LLC Buys Shares of 12,496 Urban Edge Properties (NYSE:UE)

Metis Global Partners LLC purchased a new position in Urban Edge Properties (NYSE:UE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,496 shares of the real estate investment trust’s stock, valued at approximately $267,000.

A number of other large investors also recently modified their holdings of the business. Marshall Wace LLP acquired a new position in shares of Urban Edge Properties during the second quarter valued at approximately $19,326,000. Russell Investments Group Ltd. increased its position in shares of Urban Edge Properties by 16.2% during the 1st quarter. Russell Investments Group Ltd. now owns 191,555 shares of the real estate investment trust’s stock valued at $3,308,000 after purchasing an additional 26,650 shares during the period. Vanguard Group Inc. raised its stake in shares of Urban Edge Properties by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 18,546,753 shares of the real estate investment trust’s stock worth $320,302,000 after buying an additional 191,258 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Urban Edge Properties in the third quarter valued at $550,000. Finally, American Century Companies Inc. boosted its stake in Urban Edge Properties by 48.4% during the second quarter. American Century Companies Inc. now owns 1,406,251 shares of the real estate investment trust’s stock valued at $25,973,000 after buying an additional 458,951 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Mark Langer sold 93,962 shares of Urban Edge Properties stock in a transaction on Monday, November 11th. The stock was sold at an average price of $23.57, for a total transaction of $2,214,684.34. Following the transaction, the chief financial officer now owns 35,816 shares in the company, valued at approximately $844,183.12. The trade was a 72.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.30% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Urban Edge Properties Stock Performance

Shares of NYSE UE opened at $23.47 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 10.52 and a beta of 1.54. The stock’s fifty day simple moving average is $21.91 and its 200 day simple moving average is $19.91. Urban Edge Properties has a 52-week low of $15.81 and a 52-week high of $23.85.

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 for the quarter. The business had revenue of $112.26 million during the quarter. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. As a group, sell-side analysts forecast that Urban Edge Properties will post 1.32 earnings per share for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties’s dividend payout ratio (DPR) 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.