AQR Capital Management LLC Buys 37,312 Shares of Urban Edge Properties (NYSE:UE)

AQR Capital Management LLC increased its holdings in Urban Edge Properties (NYSE:UE - Free Report) by 47.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,774 shares of the real estate investment trust's stock after buying an additional 37,312 shares during the quarter. AQR Capital Management LLC owned about 0.10% of Urban Edge Properties worth $2,112,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in Urban Edge Properties by 20.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 939,179 shares of the real estate investment trust's stock worth $17,187,000 after purchasing an additional 157,792 shares during the period. Quadrature Capital Ltd acquired a new stake in Urban Edge Properties in the fourth quarter worth approximately $272,000. Allspring Global Investments Holdings LLC lifted its position in Urban Edge Properties by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 25,342 shares of the real estate investment trust's stock worth $438,000 after purchasing an additional 2,135 shares during the period. BNP Paribas Financial Markets lifted its position in Urban Edge Properties by 36.9% in the first quarter. BNP Paribas Financial Markets now owns 61,209 shares of the real estate investment trust's stock worth $1,057,000 after purchasing an additional 16,493 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in Urban Edge Properties by 19.6% in the first quarter. Daiwa Securities Group Inc. now owns 42,704 shares of the real estate investment trust's stock worth $738,000 after purchasing an additional 7,012 shares during the period. 94.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Urban Edge Properties Stock Performance

UE stock traded up $0.11 during mid-day trading on Wednesday, reaching $21.42. 971,300 shares of the stock traded hands, compared to its average volume of 898,961. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.19. Urban Edge Properties has a 52 week low of $14.36 and a 52 week high of $21.66. The business has a 50-day moving average of $20.65 and a two-hundred day moving average of $18.70. The firm has a market capitalization of $2.60 billion, a PE ratio of 9.26 and a beta of 1.55.

Urban Edge Properties (NYSE:UE - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.06). Urban Edge Properties had a net margin of 66.89% and a return on equity of 24.65%. The firm had revenue of $106.36 million for the quarter, compared to the consensus estimate of $110.34 million. As a group, equities analysts predict that Urban Edge Properties will post 1.31 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Friday, September 13th. Urban Edge Properties's dividend payout ratio is 29.57%.

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.