NumerixS Investment Technologies Inc raised its holdings in shares of Urban Edge Properties (NYSE:UE) by 56.7% during the fourth quarter, HoldingsChannel reports. The firm owned 4,700 shares of the real estate investment trust’s stock after buying an additional 1,700 shares during the period. NumerixS Investment Technologies Inc’s holdings in Urban Edge Properties were worth $78,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. First Trust Advisors LP lifted its stake in shares of Urban Edge Properties by 26.6% in the third quarter. First Trust Advisors LP now owns 20,553 shares of the real estate investment trust’s stock worth $454,000 after acquiring an additional 4,320 shares during the period. SG Americas Securities LLC lifted its stake in shares of Urban Edge Properties by 25.5% in the third quarter. SG Americas Securities LLC now owns 145,546 shares of the real estate investment trust’s stock worth $3,214,000 after acquiring an additional 29,532 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Urban Edge Properties by 10.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 116,715 shares of the real estate investment trust’s stock worth $2,577,000 after acquiring an additional 11,401 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Urban Edge Properties by 47.4% in the third quarter. JPMorgan Chase & Co. now owns 237,107 shares of the real estate investment trust’s stock worth $5,235,000 after acquiring an additional 76,232 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Urban Edge Properties by 10.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 69,500 shares of the real estate investment trust’s stock worth $1,535,000 after acquiring an additional 6,600 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently commented on UE shares. Zacks Investment Research lowered Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Thursday, December 6th. Evercore ISI lowered Urban Edge Properties from an “in-line” rating to an “underperform” rating in a research note on Tuesday, February 19th. Finally, ValuEngine lowered Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th.

Urban Edge Properties stock opened at $18.63 on Friday. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $2.19 billion, a P/E ratio of 14.22 and a beta of 0.94. Urban Edge Properties has a one year low of $16.13 and a one year high of $23.37.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.27). The business had revenue of $100.92 million during the quarter, compared to the consensus estimate of $95.91 million. Urban Edge Properties had a return on equity of 10.41% and a net margin of 25.39%. Equities analysts predict that Urban Edge Properties will post 1.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.22 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.88 dividend on an annualized basis and a yield of 4.72%. Urban Edge Properties’s payout ratio is currently 67.18%.

In other Urban Edge Properties news, Director Steven Roth sold 5,717,184 shares of Urban Edge Properties stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $18.98, for a total value of $108,512,152.32. Following the completion of the sale, the director now directly owns 1,327,326 shares in the company, valued at $25,192,647.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.36% of the company’s stock.

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Urban Edge Properties Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 88 properties totaling 16.3 million square feet of gross leasable area.

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Institutional Ownership by Quarter for Urban Edge Properties (NYSE:UE)

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