LDR Capital Management LLC reduced its stake in shares of Urban Edge Properties (NYSE:UE - Free Report) by 40.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132,788 shares of the real estate investment trust's stock after selling 92,040 shares during the quarter. Urban Edge Properties makes up approximately 3.2% of LDR Capital Management LLC's portfolio, making the stock its 11th largest position. LDR Capital Management LLC owned about 0.11% of Urban Edge Properties worth $2,840,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of Urban Edge Properties by 25.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 563 shares during the last quarter. Arizona State Retirement System lifted its stake in Urban Edge Properties by 1.9% in the second quarter. Arizona State Retirement System now owns 32,958 shares of the real estate investment trust's stock valued at $609,000 after acquiring an additional 627 shares during the last quarter. Mackenzie Financial Corp grew its position in Urban Edge Properties by 7.4% in the second quarter. Mackenzie Financial Corp now owns 11,978 shares of the real estate investment trust's stock worth $221,000 after acquiring an additional 822 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of Urban Edge Properties by 1.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 67,442 shares of the real estate investment trust's stock worth $1,165,000 after purchasing an additional 1,264 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Urban Edge Properties by 91.6% during the 2nd 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. Institutional investors and hedge funds own 94.94% of the company's stock.
Urban Edge Properties Stock Performance
Shares of Urban Edge Properties stock traded up $0.02 on Tuesday, reaching $21.93. The stock had a trading volume of 349,812 shares, compared to its average volume of 884,862. Urban Edge Properties has a fifty-two week low of $14.36 and a fifty-two week high of $22.31. The business's 50-day moving average price is $20.99 and its two-hundred day moving average price is $19.01. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.11 and a current ratio of 2.11. The stock has a market cap of $2.61 billion, a P/E ratio of 9.53 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). The firm had revenue of $106.36 million for the quarter, compared to the consensus estimate of $110.34 million. Urban Edge Properties had a net margin of 66.89% and a return on equity of 24.65%. On average, sell-side analysts forecast that Urban Edge Properties will post 1.31 EPS for the current year.
Urban Edge Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.10%. Urban Edge Properties's dividend payout ratio (DPR) is presently 29.57%.
Analyst Upgrades and Downgrades
UE has been the subject of a number of recent research reports. StockNews.com upgraded shares of Urban Edge Properties from a "sell" rating to a "hold" rating in a report on Friday, August 2nd. Evercore ISI upped their price target on 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.
Read Our Latest Report on UE
About Urban Edge Properties
(
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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