D. E. Shaw & Co. Inc. Increases Stake in Urban Edge Properties (NYSE:UE)

D. E. Shaw & Co. Inc. raised its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 307.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,095 shares of the real estate investment trust's stock after buying an additional 75,538 shares during the period. D. E. Shaw & Co. Inc. owned about 0.08% of Urban Edge Properties worth $2,152,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in Urban Edge Properties in the 4th quarter worth approximately $49,000. Smartleaf Asset Management LLC lifted its stake in shares of Urban Edge Properties by 76.9% during the 4th 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 in the last quarter. Sterling Capital Management LLC boosted its holdings in Urban Edge Properties by 858.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust's stock worth $85,000 after buying an additional 3,555 shares during the period. KBC Group NV boosted its holdings in Urban Edge Properties by 42.1% in the 4th quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock worth $111,000 after buying an additional 1,524 shares during the period. Finally, Cary Street Partners Financial LLC purchased a new stake in Urban Edge Properties in the 4th quarter worth $206,000. 94.94% of the stock is currently owned by institutional investors.

Urban Edge Properties Price Performance

UE traded down $0.06 during trading on Monday, reaching $17.63. 654,429 shares of the company traded hands, compared to its average volume of 918,680. The company has a market cap of $2.22 billion, a P/E ratio of 29.88 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92. Urban Edge Properties has a 12-month low of $15.66 and a 12-month high of $23.85. The firm has a fifty day simple moving average of $18.20 and a 200 day simple moving average of $20.10.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. The firm had revenue of $118.17 million during the quarter, compared to analyst estimates of $119.05 million. On average, equities analysts forecast that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Friday, June 13th. Urban Edge Properties's payout ratio is 118.75%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Urban Edge Properties from a "hold" rating to a "sell" rating in a research report on Monday, May 5th.

Insiders Place Their Bets

In other Urban Edge Properties news, General Counsel Robert C. Milton sold 26,000 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $18.78, for a total transaction of $488,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.40% of the company's stock.

Urban Edge Properties Company 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.