Koch Industries Inc. purchased a new stake in shares of Urban Edge Properties (NYSE:UE) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,197 shares of the real estate investment trust’s stock, valued at approximately $303,000.
Several other hedge funds have also recently bought and sold shares of the stock. Citadel Advisors LLC raised its position in shares of Urban Edge Properties by 1,688.1% during the 1st quarter. Citadel Advisors LLC now owns 146,194 shares of the real estate investment trust’s stock valued at $3,121,000 after acquiring an additional 138,018 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Urban Edge Properties during the 1st quarter valued at approximately $427,000. Citigroup Inc. raised its position in shares of Urban Edge Properties by 5.0% during the 1st quarter. Citigroup Inc. now owns 96,540 shares of the real estate investment trust’s stock valued at $2,062,000 after acquiring an additional 4,558 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Urban Edge Properties by 8.8% during the 1st quarter. Schroder Investment Management Group now owns 1,204,552 shares of the real estate investment trust’s stock valued at $25,717,000 after acquiring an additional 97,920 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Urban Edge Properties by 7.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,647,509 shares of the real estate investment trust’s stock valued at $35,174,000 after acquiring an additional 108,296 shares in the last quarter. 89.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of Urban Edge Properties opened at $22.15 on Monday, according to Marketbeat. Urban Edge Properties has a 1-year low of $19.51 and a 1-year high of $26.19. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 16.48 and a beta of 0.53.
Urban Edge Properties (NYSE:UE) last issued its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). Urban Edge Properties had a return on equity of 3.82% and a net margin of 9.78%. The company had revenue of $99.05 million during the quarter, compared to analyst estimates of $97.75 million. sell-side analysts anticipate that Urban Edge Properties will post 1.35 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, June 14th. Urban Edge Properties’s dividend payout ratio is presently 65.67%.
Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, June 8th. ValuEngine lowered Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $25.00.
About Urban Edge Properties
Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 90 properties totaling 16.7 million square feet of gross leasable area.
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