Squarepoint Ops LLC Trims Position in Urban Edge Properties (NYSE:UE)

Squarepoint Ops LLC lessened its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 36.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 57,008 shares of the real estate investment trust's stock after selling 32,337 shares during the period. Squarepoint Ops LLC's holdings in Urban Edge Properties were worth $1,226,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Quarry LP bought a new position in Urban Edge Properties during the 4th quarter worth about $49,000. Smartleaf Asset Management LLC grew its holdings in 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 worth $50,000 after acquiring an additional 1,029 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Urban Edge Properties by 858.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust's stock worth $85,000 after acquiring an additional 3,555 shares in the last quarter. KBC Group NV grew its holdings in Urban Edge Properties by 42.1% during the 4th quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust's stock worth $111,000 after acquiring an additional 1,524 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in Urban Edge Properties during the 4th quarter worth about $206,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insiders Place Their Bets

In other Urban Edge Properties news, General Counsel Robert C. Milton sold 26,000 shares of the firm's stock in a transaction that occurred 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 can be accessed through this link. 2.40% of the stock is owned by insiders.

Urban Edge Properties Stock Up 0.2%

Shares of UE stock traded up $0.03 during mid-day trading on Monday, hitting $18.19. 783,945 shares of the stock traded hands, compared to its average volume of 920,090. The stock has a market cap of $2.29 billion, a P/E ratio of 30.83 and a beta of 1.16. The stock's fifty day moving average is $18.15 and its two-hundred day moving average is $19.96. Urban Edge Properties has a 52-week low of $15.66 and a 52-week high of $23.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings results 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 business had revenue of $118.17 million during the quarter, compared to analyst estimates of $119.05 million. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. Equities analysts predict that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.18%. The ex-dividend date is Friday, June 13th. Urban Edge Properties's dividend payout ratio is presently 118.75%.

Analysts Set New Price Targets

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

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.