Urban Edge Properties (NYSE:UE) Shares Sold by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY decreased its holdings in shares of Urban Edge Properties (NYSE:UE) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,602 shares of the real estate investment trust’s stock after selling 1,669 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Urban Edge Properties were worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Millennium Management LLC raised its position in Urban Edge Properties by 683.6% in the third quarter. Millennium Management LLC now owns 192,229 shares of the real estate investment trust’s stock valued at $3,804,000 after purchasing an additional 167,697 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Urban Edge Properties during the third quarter worth about $775,000. Chilton Capital Management LLC boosted its position in shares of Urban Edge Properties by 4.0% in the third quarter. Chilton Capital Management LLC now owns 457,501 shares of the real estate investment trust’s stock worth $9,054,000 after buying an additional 17,465 shares during the period. California State Teachers Retirement System boosted its position in shares of Urban Edge Properties by 1.2% in the third quarter. California State Teachers Retirement System now owns 179,412 shares of the real estate investment trust’s stock worth $3,551,000 after buying an additional 2,143 shares during the period. Finally, Pictet Asset Management Ltd. boosted its position in shares of Urban Edge Properties by 8.4% in the third quarter. Pictet Asset Management Ltd. now owns 23,300 shares of the real estate investment trust’s stock worth $461,000 after buying an additional 1,800 shares during the period. 90.01% of the stock is owned by hedge funds and other institutional investors.

UE has been the topic of several analyst reports. Zacks Investment Research downgraded Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine downgraded shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Finally, Compass Point began coverage on shares of Urban Edge Properties in a research report on Thursday, August 15th. They issued a “buy” rating and a $20.00 price objective for the company.

Shares of NYSE UE opened at $20.26 on Friday. Urban Edge Properties has a 1 year low of $15.96 and a 1 year high of $21.74. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 15.47 and a beta of 0.87. The company has a debt-to-equity ratio of 1.49, a quick ratio of 7.97 and a current ratio of 7.97. The stock’s 50-day simple moving average is $20.80 and its 200-day simple moving average is $18.63.

Urban Edge Properties (NYSE:UE) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.15. Urban Edge Properties had a return on equity of 11.11% and a net margin of 28.69%. The firm had revenue of $91.24 million during the quarter, compared to the consensus estimate of $94.02 million. As a group, research analysts predict that Urban Edge Properties will post 1.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Friday, December 13th. Urban Edge Properties’s payout ratio is 67.18%.

Urban Edge Properties Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 87 properties totaling 16.1 million square feet of gross leasable area.

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Institutional Ownership by Quarter for Urban Edge Properties (NYSE:UE)

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