LDR Capital Management LLC Cuts Stake in Urban Edge Properties (NYSE:UE)

LDR Capital Management LLC reduced its position in Urban Edge Properties (NYSE:UE) by 40.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,788 shares of the real estate investment trust’s stock after selling 92,040 shares during the quarter. Urban Edge Properties comprises approximately 3.2% of LDR Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. LDR Capital Management LLC owned about 0.11% of Urban Edge Properties worth $2,840,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of UE. Goldman Sachs Group Inc. raised its position in shares of Urban Edge Properties by 20.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 939,179 shares of the real estate investment trust’s stock worth $17,187,000 after acquiring an additional 157,792 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Urban Edge Properties in the 4th quarter valued at approximately $272,000. Allspring Global Investments Holdings LLC grew its stake in shares of Urban Edge Properties by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,342 shares of the real estate investment trust’s stock valued at $438,000 after buying an additional 2,135 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Urban Edge Properties by 36.9% in the 1st quarter. BNP Paribas Financial Markets now owns 61,209 shares of the real estate investment trust’s stock valued at $1,057,000 after buying an additional 16,493 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of Urban Edge Properties by 19.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 42,704 shares of the real estate investment trust’s stock valued at $738,000 after buying an additional 7,012 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Urban Edge Properties Price Performance

Urban Edge Properties stock opened at $21.91 on Tuesday. The stock has a market cap of $2.60 billion, a P/E ratio of 9.53 and a beta of 1.55. The company has a fifty day simple moving average of $20.99 and a 200-day simple moving average of $19.01. Urban Edge Properties has a 12-month low of $14.36 and a 12-month high of $22.31. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.19.

Urban Edge Properties (NYSE:UE) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $110.34 million. Equities analysts expect that Urban Edge Properties will post 1.31 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.10%. Urban Edge Properties’s dividend payout ratio (DPR) is 29.57%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Evercore ISI lifted their target price on shares of Urban Edge Properties from $21.00 to $22.00 and gave the company an “in-line” rating in a report on Monday, September 16th. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd.

Urban Edge Properties 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.