LDR Capital Management LLC Has $2.36 Million Stock Holdings in Urban Edge Properties (NYSE:UE)

LDR Capital Management LLC lessened its holdings in Urban Edge Properties (NYSE:UE) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,969 shares of the real estate investment trust’s stock after selling 22,819 shares during the period. Urban Edge Properties comprises approximately 3.2% of LDR Capital Management LLC’s portfolio, making the stock its 11th biggest position. LDR Capital Management LLC owned about 0.09% of Urban Edge Properties worth $2,364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. USA Financial Formulas purchased a new stake in shares of Urban Edge Properties during the fourth quarter worth $93,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Urban Edge Properties by 36.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 1,221 shares in the last quarter. Quest Partners LLC bought a new position in Urban Edge Properties during the third quarter valued at about $101,000. KBC Group NV raised its holdings 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 valued at $111,000 after buying an additional 1,524 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Urban Edge Properties by 875.1% during the third quarter. Blue Trust Inc. now owns 7,947 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 7,132 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Urban Edge Properties Trading Down 0.6 %

Urban Edge Properties stock opened at $20.04 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.92 and a current ratio of 1.92. The business’s 50-day simple moving average is $20.74 and its 200-day simple moving average is $21.33. The firm has a market capitalization of $2.51 billion, a PE ratio of 33.96 and a beta of 1.54. Urban Edge Properties has a 52 week low of $15.81 and a 52 week high of $23.85.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.25. Urban Edge Properties had a return on equity of 5.59% and a net margin of 16.31%. Equities research analysts forecast that Urban Edge Properties will post 1.4 earnings per share for the current year.

Urban Edge Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Urban Edge Properties’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 3.79%. Urban Edge Properties’s dividend payout ratio (DPR) is 115.26%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on UE shares. StockNews.com lowered Urban Edge Properties from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Evercore ISI dropped their price objective on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th.

Insider Buying and Selling

In related news, CEO Jeffrey S. Olson sold 240,000 shares of Urban Edge Properties stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $22.45, for a total transaction of $5,388,000.00. Following the sale, the chief executive officer now directly owns 1,931 shares of the company’s stock, valued at $43,350.95. This trade represents a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is owned by company insiders.

Urban Edge Properties Company 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.