Bailard Inc. Grows Stock Holdings in Urban Edge Properties (NYSE:UE)

Bailard Inc. lifted its position in shares of Urban Edge Properties (NYSE:UE) by 9.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,200 shares of the real estate investment trust’s stock after buying an additional 3,300 shares during the quarter. Bailard Inc.’s holdings in Urban Edge Properties were worth $681,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Jennison Associates LLC bought a new stake in Urban Edge Properties in the 4th quarter valued at $18,494,000. Resolution Capital Ltd increased its holdings in Urban Edge Properties by 20.8% in the 3rd quarter. Resolution Capital Ltd now owns 4,593,348 shares of the real estate investment trust’s stock valued at $70,094,000 after acquiring an additional 792,133 shares during the last quarter. American Century Companies Inc. increased its holdings in Urban Edge Properties by 52.2% in the 3rd quarter. American Century Companies Inc. now owns 1,599,058 shares of the real estate investment trust’s stock valued at $24,402,000 after acquiring an additional 548,193 shares during the last quarter. FMR LLC increased its holdings in Urban Edge Properties by 3.0% in the 3rd quarter. FMR LLC now owns 13,294,317 shares of the real estate investment trust’s stock valued at $202,871,000 after acquiring an additional 388,473 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Urban Edge Properties by 13.8% in 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 during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Transactions at Urban Edge Properties

In related news, General Counsel Robert C. Milton III sold 26,333 shares of Urban Edge Properties stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $17.02, for a total transaction of $448,187.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.10% of the company’s stock.

Urban Edge Properties Stock Performance

Shares of NYSE UE opened at $16.52 on Friday. The firm’s fifty day moving average is $16.77 and its two-hundred day moving average is $16.93. Urban Edge Properties has a 52-week low of $13.13 and a 52-week high of $18.79. 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 company has a market cap of $1.96 billion, a P/E ratio of 7.79 and a beta of 1.49.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, February 14th. The real estate investment trust reported $1.88 earnings per share 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. As a group, analysts anticipate that Urban Edge Properties will post 1.27 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.17 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.12%. Urban Edge Properties’s payout ratio is 32.08%.

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.