Nisa Investment Advisors LLC Has $958,000 Position in Urban Edge Properties (NYSE:UE)

Nisa Investment Advisors LLC cut its holdings in Urban Edge Properties (NYSE:UE) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,365 shares of the real estate investment trust’s stock after selling 4,400 shares during the period. Nisa Investment Advisors LLC’s holdings in Urban Edge Properties were worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameritas Investment Partners Inc. grew its holdings in Urban Edge Properties by 6.9% in the second quarter. Ameritas Investment Partners Inc. now owns 9,495 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 617 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Urban Edge Properties by 2.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 24,660 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 700 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Urban Edge Properties by 7.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,672 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 841 shares during the period. PNC Financial Services Group Inc. increased its position in Urban Edge Properties by 15.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,855 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 941 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Urban Edge Properties by 63.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,484 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 960 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Urban Edge Properties Stock Down 0.4 %

Shares of NYSE UE opened at $16.21 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.42 and a quick ratio of 2.42. Urban Edge Properties has a 1 year low of $13.13 and a 1 year high of $18.79. The stock has a market capitalization of $1.92 billion, a P/E ratio of 7.65 and a beta of 1.49. The company has a 50-day moving average price of $16.95 and a 200-day moving average price of $16.88.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $1.57. The business had revenue of $106.25 million during the quarter. Urban Edge Properties had a return on equity of 23.62% and a net margin of 59.60%. On average, equities research analysts forecast that Urban Edge Properties will post 1.27 EPS for the current fiscal year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.68 annualized dividend and a yield of 4.19%. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.16. Urban Edge Properties’s dividend payout ratio is 32.08%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded Urban Edge Properties from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $14.00 to $18.00 in a report on Thursday, December 21st.

Insider Activity at Urban Edge Properties

In related news, General Counsel Robert C. Milton III sold 26,333 shares of the firm’s 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 document filed with the SEC, which can be accessed through this hyperlink. 4.30% of the stock is currently owned by insiders.

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.