Urban Edge Properties Sees New Ownership and Insider Trading Activity
Urban Edge Properties (NYSE: UE) has recently experienced a stake purchase and insider selling activity. In the fourth quarter, Fisher Asset Management LLC purchased 1,582,570 shares in UE equating to approximately $22,298,000 USD. This account of ownership gave Fisher Asset Management LLC 1.35% of Urban Edge Properties as per their most recent filing with the Securities & Exchange Commission.
Moreover, Urban Edge Properties’ General Counsel Robert C. Milton III traded 20,000 of his shares in a transaction held on February 17th for an average price of $15.83 per share totaling $316,600 USD. The trade was disclosed in writing to the SEC which is accessible through its hyperlink. Currently, insiders hold 3.10% of claims over the company’s stock.
Opening at $14.73 USD on Monday’s trading floor, it can be seen that Urban Edge Properties has a fifty-two week high and low ranging from $12.91 to $19.71 respectively. Further analysis shows that they have a debt-to-equity ratio of 1:64 and a market cap of $1.73 billion USD with its earnings ratio holding at around 36:83.
On top of these figures reflects that Urban Edge Properties has maintained their quick- and current ratios at approximately two-fold each relevant to their market value size within this fiscal year. As such it can be assumed that these aspects have positively influenced Fisher Asset Management LLC giving them conviction in owning this stake inclusion.
Regardless though; following our constant advice we recommend investors to conduct due diligence beforehand making investment decisions as stocks may entail gains or losses based on unpredictable market conditions amidst Covid-19’s lingering impact on financial stability businesses globally
Changes in Investor Positions and Earnings Shortfall at Urban Edge Properties
Urban Edge Properties, a real estate investment trust, has been seeing some changes in its investor positions. Hedge funds and other large investors have made significant alterations to their positions in the company. Tower Research Capital LLC TRC, for example, raised its share holdings in Urban Edge Properties by 66.6% during the third quarter. This move was followed by Quantbot Technologies LP’s purchase of a new position valued at approximately $47,000 during the first quarter. Guardian Wealth Advisors LLC also bought a new position during the third quarter that was estimated to be worth around $42,000 while Point72 Hong Kong Ltd bought one during the first quarter that was valued at about $39,000. Finally, Wipfli Financial Advisors LLC also added to its stock holdings with an investment of around $76,000. As of now, 97.35% of the company’s stock is owned by hedge funds and institutional investors.
Despite these recent moves by investors, StockNews.com began coverage on shares of Urban Edge Properties back in March with a ‘sell’ rating for the company.
At the same time as these financial machinations took place among investors and analysts’ assessments were being given though we saw General Counsel Robert C. Milton III selling 20k shares of Urban Edge Properties on Friday February 17th. The shares achieved an average price of $15.83 resulting in a total value sold of $316k.
The latest quarterly earnings report from Urban Edge Properties showed that despite revenue figures remaining within range — posting $101.33m compared to analyst expectations of $101m — earnings per share fell short by quite some margin – this refers to Q3 2016 rather than Q1; Q3 actually being reported on February 14th.
Urban Edge Properties enjoyed net margins of 11.60%, which could go very far towards explaining why recent stock dividends have been generous: there was just had another payout of $0.16 (a total yield of 4.34%) on March 31st, which underscores its current dividend payout ratio (DPR) of 160%. Despite the dip in earnings that Urban Edge Properties reported recently, sell-side analysts still anticipate a positive rebound from the firm in the finance world over the short term.
