Bailard Inc. Sells 5,200 Shares of Urban Edge Properties (NYSE:UE)

Bailard Inc. trimmed its holdings in shares of Urban Edge Properties (NYSE:UE) by 20.4% in the fourth quarter, HoldingsChannel reports. The firm owned 20,300 shares of the real estate investment trust’s stock after selling 5,200 shares during the period. Bailard Inc.’s holdings in Urban Edge Properties were worth $436,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its holdings in shares of Urban Edge Properties by 76.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,029 shares during the last quarter. USA Financial Formulas acquired a new stake in Urban Edge Properties in the 4th quarter valued at about $93,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Urban Edge Properties by 36.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock worth $97,000 after acquiring an additional 1,221 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Urban Edge Properties during the third quarter worth approximately $101,000. Finally, KBC Group NV grew its stake in shares of Urban Edge Properties by 42.1% during the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 1,524 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Stock Performance

Urban Edge Properties stock opened at $20.19 on Wednesday. The company has a market cap of $2.53 billion, a PE ratio of 34.21 and a beta of 1.54. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. Urban Edge Properties has a 1 year low of $15.81 and a 1 year high of $23.85. The company’s 50-day moving average is $20.58 and its two-hundred day moving average is $21.38.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. Equities analysts anticipate that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.19 dividend. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Friday, March 14th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 128.81%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UE shares. Evercore ISI dropped their price objective on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. StockNews.com raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th.

Insider Buying and Selling

In related news, CEO Jeffrey S. Olson sold 240,000 shares of Urban Edge Properties stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total transaction of $5,388,000.00. Following the transaction, the chief executive officer now owns 1,931 shares of the company’s stock, valued at $43,350.95. This trade represents a 99.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is owned by insiders.

About Urban Edge Properties

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.