Coldstream Capital Management Inc. Invests $206,000 in Urban Edge Properties (NYSE:UE)

Coldstream Capital Management Inc. purchased a new position in Urban Edge Properties (NYSE:UE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 9,627 shares of the real estate investment trust’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of Urban Edge Properties by 1,499.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,599,628 shares of the real estate investment trust’s stock worth $34,216,000 after purchasing an additional 1,499,628 shares during the last quarter. FMR LLC grew its stake in Urban Edge Properties by 8.6% in the third quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock worth $297,568,000 after purchasing an additional 1,096,560 shares in the last quarter. Marshall Wace LLP bought a new stake in Urban Edge Properties in the second quarter valued at about $19,326,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Urban Edge Properties by 438.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 782,921 shares of the real estate investment trust’s stock valued at $16,747,000 after buying an additional 637,587 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Urban Edge Properties by 48.4% during the 2nd quarter. American Century Companies Inc. now owns 1,406,251 shares of the real estate investment trust’s stock worth $25,973,000 after buying an additional 458,951 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI raised their price objective on Urban Edge Properties from $21.00 to $22.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th.

Insider Buying and Selling at Urban Edge Properties

In other news, CFO Mark Langer sold 93,962 shares of Urban Edge Properties stock in a transaction on Monday, November 11th. The stock was sold at an average price of $23.57, for a total transaction of $2,214,684.34. Following the transaction, the chief financial officer now directly owns 35,816 shares in the company, valued at approximately $844,183.12. This trade represents a 72.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey S. Olson sold 240,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $22.45, for a total value of $5,388,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,931 shares in the company, valued at $43,350.95. This represents a 99.20 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Urban Edge Properties Stock Down 1.7 %

NYSE:UE opened at $22.29 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The stock has a 50 day moving average of $22.52 and a 200-day moving average of $20.67. The firm has a market capitalization of $2.78 billion, a PE ratio of 9.99 and a beta of 1.53. Urban Edge Properties has a 52 week low of $15.81 and a 52 week high of $23.85.

Urban Edge Properties (NYSE:UE) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $112.26 million for the quarter. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. Analysts predict that Urban Edge Properties will post 1.32 EPS for the current year.

Urban Edge Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.05%. The ex-dividend date is Friday, December 13th. Urban Edge Properties’s dividend payout ratio (DPR) is 30.49%.

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.