Urban Edge Properties (NYSE:UE) Shares Sold by LDR Capital Management LLC

LDR Capital Management LLC decreased its stake in shares of Urban Edge Properties (NYSE:UE) by 40.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 132,788 shares of the real estate investment trust’s stock after selling 92,040 shares during the period. Urban Edge Properties accounts for 3.2% of LDR Capital Management LLC’s portfolio, making the stock its 11th largest position. LDR Capital Management LLC’s holdings in Urban Edge Properties were worth $2,840,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of UE. Goldman Sachs Group Inc. increased its position in Urban Edge Properties by 20.2% during 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 last quarter. Quadrature Capital Ltd acquired a new stake in Urban Edge Properties during the 4th quarter valued at $272,000. Allspring Global Investments Holdings LLC grew its holdings in Urban Edge Properties by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,342 shares of the real estate investment trust’s stock valued at $438,000 after purchasing an additional 2,135 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Urban Edge Properties by 36.9% during the 1st quarter. BNP Paribas Financial Markets now owns 61,209 shares of the real estate investment trust’s stock valued at $1,057,000 after purchasing an additional 16,493 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Urban Edge Properties by 19.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 42,704 shares of the real estate investment trust’s stock valued at $738,000 after purchasing an additional 7,012 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Stock Down 1.6 %

Urban Edge Properties stock opened at $21.91 on Tuesday. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 9.53 and a beta of 1.55. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average price is $20.99 and its two-hundred day moving average price is $19.01. Urban Edge Properties has a 52 week low of $14.36 and a 52 week high of $22.31.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). Urban Edge Properties had a return on equity of 24.65% and a net margin of 66.89%. The business had revenue of $106.36 million during the quarter, compared to analyst estimates of $110.34 million. On average, analysts expect that Urban Edge Properties will post 1.31 EPS for the current fiscal year.

Urban Edge Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, September 13th. Urban Edge Properties’s payout ratio is 29.57%.

Wall Street Analyst Weigh In

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

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.