Citadel Advisors LLC cut its stake in shares of Urban Edge Properties (NYSE:UE) by 99.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,176 shares of the real estate investment trust’s stock after selling 809,118 shares during the quarter. Citadel Advisors LLC’s holdings in Urban Edge Properties were worth $208,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. acquired a new position in shares of Urban Edge Properties during the 4th quarter worth $200,000. Shelton Capital Management acquired a new position in shares of Urban Edge Properties during the 3rd quarter worth $202,000. ING Groep NV grew its stake in shares of Urban Edge Properties by 23.2% during the 4th quarter. ING Groep NV now owns 15,971 shares of the real estate investment trust’s stock worth $407,000 after purchasing an additional 3,008 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Urban Edge Properties during the 3rd quarter worth $422,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Urban Edge Properties during the 4th quarter worth $459,000. 91.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of Urban Edge Properties (NYSE UE) opened at $21.39 on Friday. Urban Edge Properties has a 1 year low of $20.10 and a 1 year high of $27.69. The company has a quick ratio of 8.72, a current ratio of 8.72 and a debt-to-equity ratio of 1.58. The company has a market cap of $2,416.50, a PE ratio of 32.91 and a beta of 0.52.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.88 annualized dividend and a dividend yield of 4.11%. Urban Edge Properties’s dividend payout ratio is presently 135.39%.
Separately, Zacks Investment Research raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Urban Edge Properties presently has a consensus rating of “Hold” and an average target price of $25.00.
Urban Edge Properties Company Profile
Urban Edge Properties is a real estate investment trust. The Company is focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. Urban Edge Properties LP (UELP or the Operating Partnership) serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets.
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