GSA Capital Partners LLP Takes Position in Urban Edge Properties (NYSE:UE)

GSA Capital Partners LLP acquired a new position in Urban Edge Properties (NYSE:UE) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 64,042 shares of the real estate investment trust’s stock, valued at approximately $1,370,000. GSA Capital Partners LLP owned approximately 0.05% of Urban Edge Properties as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in UE. Point72 Hong Kong Ltd acquired a new position in Urban Edge Properties during the second quarter worth about $50,000. Signaturefd LLC raised its position 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 worth $51,000 after purchasing an additional 1,317 shares during the last quarter. GAMMA Investing LLC lifted its stake in 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 buying an additional 563 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Urban Edge Properties by 36.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 1,221 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Urban Edge Properties by 875.1% during the 3rd quarter. Blue Trust Inc. now owns 7,947 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 7,132 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UE has been the subject of a number of analyst reports. StockNews.com raised Urban Edge Properties from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Evercore ISI upped their target price on shares of 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 Trading Down 1.1 %

Shares of UE opened at $23.07 on Thursday. Urban Edge Properties has a fifty-two week low of $15.81 and a fifty-two week high of $23.85. The company has a market capitalization of $2.88 billion, a PE ratio of 10.35 and a beta of 1.54. The stock has a fifty day moving average of $21.71 and a two-hundred day moving average of $19.72. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.30 and a current ratio of 1.30.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 EPS for the quarter. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. The firm had revenue of $112.26 million during the quarter. As a group, analysts forecast that Urban Edge Properties will post 1.32 EPS for the current year.

Urban Edge Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.17 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 2.95%. Urban Edge Properties’s payout ratio is 30.49%.

Insider Activity at Urban Edge Properties

In other Urban Edge Properties news, CFO Mark Langer sold 93,962 shares of the 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 transaction, the chief financial officer now owns 35,816 shares of the company’s stock, valued at $844,183.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.10% of the stock is owned by insiders.

Urban Edge Properties Company 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.