D. E. Shaw & Co. Inc. Has $2.15 Million Stake in Urban Edge Properties (NYSE:UE)

D. E. Shaw & Co. Inc. grew its position in Urban Edge Properties (NYSE:UE) by 307.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,095 shares of the real estate investment trust’s stock after purchasing an additional 75,538 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.08% of Urban Edge Properties worth $2,152,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Urban Edge Properties in the fourth quarter valued at approximately $49,000. Smartleaf Asset Management LLC boosted its stake in shares of Urban Edge Properties by 76.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,367 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,029 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Urban Edge Properties by 858.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,969 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 3,555 shares during the period. KBC Group NV lifted its stake in Urban Edge Properties by 42.1% during the fourth quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 1,524 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in Urban Edge Properties during the fourth quarter worth $206,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Urban Edge Properties from a “hold” rating to a “sell” rating in a research note on Monday, May 5th.

Insider Activity

In related news, General Counsel Robert C. Milton sold 26,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $18.78, for a total value of $488,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by corporate insiders.

Urban Edge Properties Stock Down 2.1%

NYSE UE opened at $18.32 on Wednesday. The business has a fifty day moving average price of $18.28 and a two-hundred day moving average price of $20.27. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92. Urban Edge Properties has a fifty-two week low of $15.66 and a fifty-two week high of $23.85. The stock has a market capitalization of $2.30 billion, a PE ratio of 31.05 and a beta of 1.16.

Urban Edge Properties (NYSE:UE) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. The firm had revenue of $118.17 million during the quarter, compared to analysts’ expectations of $119.05 million. Equities analysts expect that Urban Edge Properties will post 1.4 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Friday, June 13th. Urban Edge Properties’s payout ratio is 118.75%.

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.