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

LDR Capital Management LLC trimmed its stake in shares of Urban Edge Properties (NYSE:UE) by 17.2% during the fourth quarter, Holdings Channel reports. 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 3.2% of LDR Capital Management LLC’s holdings, making the stock its 11th biggest holding. LDR Capital Management LLC’s holdings in Urban Edge Properties were worth $2,364,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of Urban Edge Properties by 8.6% in the third quarter. FMR LLC now owns 13,911,571 shares of the real estate investment trust’s stock valued at $297,568,000 after acquiring an additional 1,096,560 shares during the last quarter. State Street Corp raised its stake in shares of Urban Edge Properties by 2.6% in the third quarter. State Street Corp now owns 6,990,363 shares of the real estate investment trust’s stock valued at $149,524,000 after acquiring an additional 177,745 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Urban Edge Properties by 6.9% in the fourth quarter. Jennison Associates LLC now owns 3,169,598 shares of the real estate investment trust’s stock valued at $68,146,000 after acquiring an additional 203,569 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Urban Edge Properties by 4.4% in the third quarter. Geode Capital Management LLC now owns 3,109,608 shares of the real estate investment trust’s stock valued at $66,525,000 after acquiring an additional 130,854 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Urban Edge Properties by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,271,201 shares of the real estate investment trust’s stock valued at $48,581,000 after acquiring an additional 101,111 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 240,000 shares of Urban Edge Properties stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total value of $5,388,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,931 shares of the company’s stock, valued at approximately $43,350.95. The trade was a 99.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UE. StockNews.com cut shares of Urban Edge Properties from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. Evercore ISI decreased their price target on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th.

Urban Edge Properties Stock Down 0.6 %

Shares of UE 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 firm’s 50-day moving average is $20.74 and its 200-day moving average is $21.33. The stock has a market cap of $2.51 billion, a price-to-earnings 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 released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. Sell-side analysts predict that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

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

About Urban Edge Properties

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.