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XTX Topco Ltd Buys New Holdings in Urban Edge Properties (NYSE:UE)

Urban Edge Properties logo with Finance background

Key Points

  • XTX Topco Ltd has acquired a new stake in Urban Edge Properties, purchasing 16,616 shares valued at approximately $316,000 during the first quarter.
  • Urban Edge Properties plans to pay a quarterly dividend of $0.19 on September 30th, reflecting an annual yield of 3.9% and a payout ratio of 90.48%.
  • After reporting Q2 earnings, Urban Edge Properties achieved an EPS of $0.36, exceeding expectations, but experienced a 1.5% decline in stock price thereafter.
  • Looking to export and analyze Urban Edge Properties data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

XTX Topco Ltd bought a new stake in shares of Urban Edge Properties (NYSE:UE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,616 shares of the real estate investment trust's stock, valued at approximately $316,000.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in Urban Edge Properties by 9.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,300 shares of the real estate investment trust's stock valued at $671,000 after purchasing an additional 3,031 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in Urban Edge Properties by 307.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 100,095 shares of the real estate investment trust's stock valued at $2,152,000 after purchasing an additional 75,538 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Urban Edge Properties by 1,773.9% in the 1st quarter. GAMMA Investing LLC now owns 58,729 shares of the real estate investment trust's stock worth $1,116,000 after acquiring an additional 55,595 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Urban Edge Properties in the 1st quarter worth approximately $447,000. Finally, Handelsbanken Fonder AB raised its position in shares of Urban Edge Properties by 19.7% in the 1st quarter. Handelsbanken Fonder AB now owns 47,490 shares of the real estate investment trust's stock worth $902,000 after acquiring an additional 7,800 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Urban Edge Properties Stock Down 1.5%

Shares of NYSE:UE opened at $19.32 on Monday. Urban Edge Properties has a 52-week low of $15.66 and a 52-week high of $23.85. The firm has a market capitalization of $2.43 billion, a P/E ratio of 22.99 and a beta of 1.24. The stock has a 50 day moving average price of $19.02 and a 200-day moving average price of $19.01. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.39 and a current ratio of 2.39.

Urban Edge Properties (NYSE:UE - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. The firm had revenue of $113.91 million during the quarter, compared to analyst estimates of $115.99 million. Urban Edge Properties had a return on equity of 7.74% and a net margin of 22.86%. As a group, equities research analysts anticipate that Urban Edge Properties will post 1.4 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.19 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.76 annualized dividend and a dividend yield of 3.9%. Urban Edge Properties's dividend payout ratio is presently 90.48%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Urban Edge Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd.

Get Our Latest Stock Report on UE

Insider Buying and Selling at Urban Edge Properties

In related news, General Counsel Robert C. Milton sold 26,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $18.78, for a total value of $488,280.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is owned by insiders.

Urban Edge Properties Company Profile

(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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Want to see what other hedge funds are holding UE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban Edge Properties (NYSE:UE - Free Report).

Institutional Ownership by Quarter for Urban Edge Properties (NYSE:UE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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