Vestmark Advisory Solutions Inc. Sells 1,362 Shares of Urban Edge Properties (NYSE:UE)

Vestmark Advisory Solutions Inc. lowered its stake in shares of Urban Edge Properties (NYSE:UE) by 12.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,032 shares of the real estate investment trust’s stock after selling 1,362 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Urban Edge Properties were worth $184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Urban Edge Properties in the fourth quarter worth about $61,000. Federated Hermes Inc. bought a new stake in shares of Urban Edge Properties during the fourth quarter worth approximately $115,000. Oppenheimer Asset Management Inc. raised its stake in shares of Urban Edge Properties by 7.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 11,672 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 841 shares during the last quarter. M&T Bank Corp lifted its holdings in Urban Edge Properties by 8.3% in the fourth quarter. M&T Bank Corp now owns 11,723 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 901 shares during the period. Finally, Pathstone Family Office LLC boosted its stake in Urban Edge Properties by 14.6% in the third quarter. Pathstone Family Office LLC now owns 15,550 shares of the real estate investment trust’s stock valued at $239,000 after acquiring an additional 1,983 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Stock Performance

Shares of Urban Edge Properties stock opened at $17.29 on Wednesday. The firm has a fifty day moving average of $16.75 and a two-hundred day moving average of $17.06. 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 $2.05 billion, a price-to-earnings ratio of 8.16 and a beta of 1.49. Urban Edge Properties has a 52 week low of $13.13 and a 52 week high of $18.79.

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

Urban Edge Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.93%. The ex-dividend date is Thursday, June 13th. Urban Edge Properties’s payout ratio is 32.08%.

Insider Activity at Urban Edge Properties

In related news, General Counsel Robert C. Milton III sold 26,333 shares of the company’s stock in a transaction on 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.30% of the company’s stock.

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.