Jane Street Group LLC Sells 80,887 Shares of Urban Edge Properties (NYSE:UE)

Jane Street Group LLC lowered its position in Urban Edge Properties (NYSE:UE - Free Report) by 54.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,789 shares of the real estate investment trust's stock after selling 80,887 shares during the quarter. Jane Street Group LLC owned 0.05% of Urban Edge Properties worth $1,429,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of UE. Point72 Hong Kong Ltd bought a new stake in Urban Edge Properties in the second quarter valued at about $50,000. Signaturefd LLC boosted its holdings in Urban Edge Properties by 91.6% during the second quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 1,317 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Urban Edge Properties by 25.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust's stock valued at $59,000 after purchasing an additional 563 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Urban Edge Properties by 36.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust's stock worth $97,000 after buying an additional 1,221 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of Urban Edge Properties during the 3rd quarter worth approximately $101,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Analysts Set New Price Targets

Separately, Evercore ISI lowered their price target on Urban Edge Properties from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Tuesday.

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 value of $2,214,684.34. Following the completion of the transaction, the chief financial officer now owns 35,816 shares in the company, valued at $844,183.12. The trade was a 72.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey S. Olson sold 240,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total value of $5,388,000.00. Following the completion of the transaction, the chief executive officer now owns 1,931 shares in the company, valued at $43,350.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.10% of the company's stock.

Urban Edge Properties Price Performance

UE stock traded down $0.23 during trading on Friday, hitting $21.37. 504,015 shares of the stock traded hands, compared to its average volume of 892,078. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 9.58 and a beta of 1.53. Urban Edge Properties has a one year low of $15.81 and a one year high of $23.85. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The company has a 50 day simple moving average of $22.51 and a 200 day simple moving average of $20.87.

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

Urban Edge Properties Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, December 13th. Urban Edge Properties's payout ratio is presently 30.49%.

About Urban Edge Properties

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.