Urban Edge Properties (NYSE:UE) Stake Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Urban Edge Properties (NYSE:UE) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,666 shares of the real estate investment trust’s stock after acquiring an additional 2,841 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Urban Edge Properties were worth $1,000,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in UE. SG Americas Securities LLC lifted its holdings in Urban Edge Properties by 378.5% during the 3rd quarter. SG Americas Securities LLC now owns 75,756 shares of the real estate investment trust’s stock worth $1,156,000 after buying an additional 59,923 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Urban Edge Properties by 13.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,136,744 shares of the real estate investment trust’s stock valued at $32,607,000 after acquiring an additional 259,002 shares in the last quarter. Bailard Inc. lifted its stake in Urban Edge Properties by 130.6% during the third quarter. Bailard Inc. now owns 33,900 shares of the real estate investment trust’s stock worth $517,000 after purchasing an additional 19,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Urban Edge Properties by 9.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,432 shares of the real estate investment trust’s stock worth $739,000 after purchasing an additional 4,133 shares during the period. Finally, Brighton Jones LLC increased its stake in Urban Edge Properties by 10.3% during the third quarter. Brighton Jones LLC now owns 25,048 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 2,344 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, General Counsel Robert C. Milton III sold 26,333 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $17.02, for a total value of $448,187.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.30% of the stock is owned by corporate insiders.

Urban Edge Properties Stock Up 1.7 %

Shares of NYSE:UE opened at $16.82 on Wednesday. Urban Edge Properties has a 1-year low of $13.13 and a 1-year high of $18.79. The company’s fifty day moving average is $16.82 and its two-hundred day moving average is $16.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.42 and a current ratio of 2.42. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 7.93 and a beta of 1.49.

Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, February 14th. The real estate investment trust reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $1.57. Urban Edge Properties had a net margin of 59.60% and a return on equity of 23.62%. The firm had revenue of $106.25 million for the quarter. Equities analysts anticipate that Urban Edge Properties will post 1.27 EPS for the current year.

Urban Edge Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.68 dividend on an annualized basis and a yield of 4.04%. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.16. Urban Edge Properties’s payout ratio is currently 32.08%.

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.