Squarepoint Ops LLC cut its position in Urban Edge Properties (NYSE:UE - Free Report) by 36.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,008 shares of the real estate investment trust's stock after selling 32,337 shares during the quarter. Squarepoint Ops LLC's holdings in Urban Edge Properties were worth $1,226,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. lifted its stake in Urban Edge Properties by 1.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 41,057 shares of the real estate investment trust's stock valued at $883,000 after acquiring an additional 659 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Urban Edge Properties by 2.0% in the 4th quarter. Amalgamated Bank now owns 36,272 shares of the real estate investment trust's stock valued at $780,000 after purchasing an additional 724 shares during the period. Summit Investment Advisors Inc. lifted its stake in Urban Edge Properties by 6.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 13,176 shares of the real estate investment trust's stock valued at $283,000 after purchasing an additional 778 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Urban Edge Properties by 2.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 29,384 shares of the real estate investment trust's stock valued at $632,000 after purchasing an additional 800 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Urban Edge Properties by 2.9% during the fourth quarter. Arizona State Retirement System now owns 35,213 shares of the real estate investment trust's stock worth $757,000 after purchasing an additional 1,000 shares during the period. 94.94% of the stock is owned by institutional investors.
Urban Edge Properties Stock Performance
UE traded up $0.22 during trading hours on Wednesday, reaching $18.38. The company's stock had a trading volume of 1,420,231 shares, compared to its average volume of 922,032. The company's 50-day moving average is $18.10 and its 200-day moving average is $19.90. Urban Edge Properties has a 52 week low of $15.66 and a 52 week high of $23.85. The firm has a market cap of $2.31 billion, a PE ratio of 31.15 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 (NYSE:UE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $118.17 million for the quarter, compared to the consensus estimate of $119.05 million. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. On average, equities analysts forecast that Urban Edge Properties will post 1.4 EPS for the current year.
Urban Edge Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.19 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.76 annualized dividend and a yield of 4.13%. Urban Edge Properties's dividend payout ratio is currently 118.75%.
Insiders Place Their Bets
In other Urban Edge Properties news, General Counsel Robert C. Milton sold 26,000 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $18.78, for a total value of $488,280.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.40% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered Urban Edge Properties from a "hold" rating to a "sell" rating in a research note on Monday, May 5th.
View Our Latest Analysis on Urban Edge Properties
About Urban Edge Properties
(
Free Report)
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.
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