Amalgamated Bank Buys 724 Shares of Urban Edge Properties (NYSE:UE)

Amalgamated Bank lifted its position in Urban Edge Properties (NYSE:UE) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,272 shares of the real estate investment trust’s stock after buying an additional 724 shares during the quarter. Amalgamated Bank’s holdings in Urban Edge Properties were worth $780,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in Urban Edge Properties during the fourth quarter worth approximately $93,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Urban Edge Properties by 36.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 1,221 shares during the last quarter. Quest Partners LLC bought a new position in shares of Urban Edge Properties during the 3rd quarter worth approximately $101,000. KBC Group NV increased its holdings in shares of Urban Edge Properties by 42.1% during the 4th quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 1,524 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in Urban Edge Properties in the 3rd quarter valued at $206,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UE has been the subject of a number of research analyst reports. Evercore ISI reduced their price objective on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th.

Insider Buying and Selling at Urban Edge Properties

In other news, CEO Jeffrey S. Olson sold 240,000 shares of Urban Edge Properties 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 completion of the sale, the chief executive officer now directly owns 1,931 shares in the company, valued at approximately $43,350.95. The trade was a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.10% of the company’s stock.

Urban Edge Properties Price Performance

Shares of NYSE UE opened at $20.54 on Tuesday. The firm has a market cap of $2.58 billion, a P/E ratio of 34.82 and a beta of 1.54. The business’s 50 day moving average is $20.60 and its 200-day moving average is $21.38. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. Urban Edge Properties has a 1-year low of $15.81 and a 1-year high of $23.85.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. Equities research analysts predict that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.70%. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, March 14th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 128.81%.

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.