GSA Capital Partners LLP Invests $1.37 Million in Urban Edge Properties (NYSE:UE)

GSA Capital Partners LLP purchased a new stake in shares of Urban Edge Properties (NYSE:UE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 64,042 shares of the real estate investment trust's stock, valued at approximately $1,370,000. GSA Capital Partners LLP owned 0.05% of Urban Edge Properties at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Entropy Technologies LP acquired a new position in shares of Urban Edge Properties during the 3rd quarter worth $206,000. Assetmark Inc. increased its stake in shares of Urban Edge Properties by 5.0% during the 3rd quarter. Assetmark Inc. now owns 41,523 shares of the real estate investment trust's stock worth $888,000 after purchasing an additional 1,965 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Urban Edge Properties by 11.0% during the 3rd quarter. Principal Financial Group Inc. now owns 650,407 shares of the real estate investment trust's stock worth $13,912,000 after purchasing an additional 64,221 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Urban Edge Properties by 5.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 183,339 shares of the real estate investment trust's stock worth $3,922,000 after purchasing an additional 8,874 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Urban Edge Properties by 14.7% during the 3rd quarter. Van ECK Associates Corp now owns 21,031 shares of the real estate investment trust's stock worth $462,000 after purchasing an additional 2,701 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Evercore ISI increased their price target on shares of Urban Edge Properties from $21.00 to $22.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. StockNews.com raised shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Friday, August 2nd.

Insider Transactions at Urban Edge Properties

In related news, CFO Mark Langer sold 93,962 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $23.57, for a total transaction of $2,214,684.34. Following the completion of the sale, the chief financial officer now directly owns 35,816 shares of the company's stock, valued at $844,183.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.10% of the stock is owned by insiders.

Urban Edge Properties Stock Performance

Urban Edge Properties stock traded down $0.13 during mid-day trading on Thursday, reaching $22.94. The company had a trading volume of 138,123 shares, compared to its average volume of 880,079. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. Urban Edge Properties has a 52 week low of $15.81 and a 52 week high of $23.85. The company has a 50 day moving average of $21.71 and a 200-day moving average of $19.72. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 10.33 and a beta of 1.54.

Urban Edge Properties (NYSE:UE - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. The firm had revenue of $112.26 million during the quarter. On average, sell-side analysts expect that Urban Edge Properties will post 1.32 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties's payout ratio is 30.49%.

Urban Edge Properties 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.