2 weeks Ago By ABMN Staff
Renaissance Technologies LLC decreased its position in Urban Edge Properties ( NYSE:UE – Free Report ) by 33.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 252,800 shares of the real estate investment trust’s stock after selling 128,700 shares during the quarter.
Renaissance Technologies LLC owned approximately 0.21% of Urban Edge Properties worth $4,669,000 at the end of the most recent quarter. Other hedge funds have also recently modified their holdings of the company.
Signaturefd LLC increased its position in shares of Urban Edge Properties by 91.6% during the second quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 1,317 shares during the period.
EntryPoint Capital LLC purchased a new position in shares of Urban Edge Properties during the first quarter valued at about $171,000. Custom Index Systems LLC purchased a new position in shares of Urban Edge Properties during the second quarter valued at about $259,000. Quadrature Capital Ltd purchased a new position in shares of Urban Edge Properties during the fourth quarter valued at about $272,000.
Finally, Van ECK Associates Corp increased its position in shares of Urban Edge Properties by 11.2% during the second quarter. Van ECK Associates Corp now owns 18,330 shares of the real estate investment trust’s stock valued at $339,000 after buying an additional 1,849 shares during the period.
Hedge funds and other institutional investors own 94.94% of the company’s stock. Analysts Set New Price Targets A number of equities research analysts have weighed in on UE shares.
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 objective on shares of Urban Edge Properties from $21.
00 to $22.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Urban Edge Properties Trading Up 0.
5 % Shares of NYSE UE opened at $21.09 on Friday. The firm’s 50 day moving average price is $20.
46 and its 200-day moving average price is $18.46. The company has a market cap of $2.
51 billion, a PE ratio of 9.17 and a beta of 1.55.
Urban Edge Properties has a 52-week low of $14.36 and a 52-week high of $21.66.
The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.11 and a current ratio of 2.
11. Urban Edge Properties ( NYSE:UE – Get Free Report ) last issued its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.
26 earnings per share 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 company had revenue of $106.36 million for the quarter, compared to the consensus estimate of $110.34 million.
On average, equities research analysts expect that Urban Edge Properties will post 1.31 EPS for the current fiscal year. Urban Edge Properties Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th.
Shareholders of record on Friday, September 13th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, September 13th.
This represents a $0.68 dividend on an annualized basis and a yield of 3.22%.
Urban Edge Properties’s dividend payout ratio is currently 29.57%. Urban Edge Properties Company Profile ( 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. See Also Receive News & Ratings for Urban Edge Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Edge Properties and related companies with MarketBeat.
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