Entropy Technologies LP Takes $206,000 Position in Urban Edge Properties (NYSE:UE)

Entropy Technologies LP purchased a new position in Urban Edge Properties (NYSE:UE) in the 3rd quarter, HoldingsChannel reports. The firm purchased 9,639 shares of the real estate investment trust’s stock, valued at approximately $206,000.

Several other large investors also recently added to or reduced their stakes in UE. Vanguard Group Inc. raised its stake in shares of Urban Edge Properties by 1.0% in the first quarter. Vanguard Group Inc. now owns 18,546,753 shares of the real estate investment trust’s stock valued at $320,302,000 after acquiring an additional 191,258 shares during the period. Westwood Holdings Group Inc. grew its holdings in Urban Edge Properties by 12.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 4,572,054 shares of the real estate investment trust’s stock valued at $78,959,000 after purchasing an additional 516,317 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Urban Edge Properties by 7.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,757,044 shares of the real estate investment trust’s stock worth $32,452,000 after purchasing an additional 117,152 shares during the period. American Century Companies Inc. lifted its stake in Urban Edge Properties by 48.4% in the second quarter. American Century Companies Inc. now owns 1,406,251 shares of the real estate investment trust’s stock worth $25,973,000 after purchasing an additional 458,951 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Urban Edge Properties during the second quarter valued at approximately $19,326,000. 94.94% of the stock is owned by institutional investors.

Insider Transactions 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 value 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 legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

UE has been the topic of several recent analyst reports. StockNews.com upgraded Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Evercore ISI increased their target price 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.

Urban Edge Properties Price Performance

Shares of UE stock opened at $22.95 on Monday. The company has a market capitalization of $2.87 billion, a P/E ratio of 10.29 and a beta of 1.54. The company’s 50-day simple moving average is $21.80 and its two-hundred day simple moving average is $19.83. Urban Edge Properties has a one year low of $15.81 and a one year high of $23.85. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 1.30.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data 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%. As a group, equities analysts anticipate that Urban Edge Properties will post 1.32 EPS for the current year.

Urban Edge Properties Dividend Announcement

The firm 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 dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties’s dividend payout ratio (DPR) is 30.49%.

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.