D. E. Shaw & Co. Inc. Has $2.15 Million Holdings in Urban Edge Properties (NYSE:UE)

D. E. Shaw & Co. Inc. lifted its holdings in shares of Urban Edge Properties (NYSE:UE - Free Report) by 307.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 100,095 shares of the real estate investment trust's stock after acquiring an additional 75,538 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.08% of Urban Edge Properties worth $2,152,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Daiwa Securities Group Inc. lifted its holdings in shares of Urban Edge Properties by 1.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 41,057 shares of the real estate investment trust's stock worth $883,000 after acquiring an additional 659 shares during the period. Amalgamated Bank lifted its holdings in shares of Urban Edge Properties by 2.0% during the 4th quarter. Amalgamated Bank now owns 36,272 shares of the real estate investment trust's stock worth $780,000 after acquiring an additional 724 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of Urban Edge Properties by 6.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 13,176 shares of the real estate investment trust's stock worth $283,000 after acquiring an additional 778 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Urban Edge Properties by 2.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 29,384 shares of the real estate investment trust's stock worth $632,000 after acquiring an additional 800 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Urban Edge Properties by 2.9% during the 4th quarter. Arizona State Retirement System now owns 35,213 shares of the real estate investment trust's stock worth $757,000 after acquiring an additional 1,000 shares during the period. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Urban Edge Properties Price Performance

Shares of Urban Edge Properties stock traded down $0.06 during mid-day trading on Friday, reaching $17.63. 654,429 shares of the stock were exchanged, compared to its average volume of 916,672. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 29.88 and a beta of 1.16. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.15. The firm has a 50-day simple moving average of $18.25 and a 200 day simple moving average of $20.22. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $23.85.

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

Urban Edge Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, June 13th. Urban Edge Properties's dividend payout ratio (DPR) is currently 118.75%.

Insider Buying and Selling

In related news, General Counsel Robert C. Milton sold 26,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $18.78, for a total transaction of $488,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by corporate insiders.

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.