Jane Street Group LLC Reduces Holdings in Urban Edge Properties (NYSE:UE)

Jane Street Group LLC lowered its position in Urban Edge Properties (NYSE:UE) by 54.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 66,789 shares of the real estate investment trust’s stock after selling 80,887 shares during the period. Jane Street Group LLC’s holdings in Urban Edge Properties were worth $1,429,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Urban Edge Properties by 29.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 32,843 shares of the real estate investment trust’s stock worth $607,000 after acquiring an additional 7,501 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Urban Edge Properties by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,466 shares of the real estate investment trust’s stock worth $951,000 after purchasing an additional 4,061 shares during the period. Signaturefd LLC raised its stake in Urban Edge Properties by 91.6% during the second quarter. Signaturefd LLC now owns 2,755 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,317 shares during the period. Van ECK Associates Corp increased its stake in Urban Edge Properties by 11.2% during the second quarter. Van ECK Associates Corp now owns 18,330 shares of the real estate investment trust’s stock worth $339,000 after acquiring an additional 1,849 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in Urban Edge Properties by 14.1% during the second quarter. Natixis Advisors LLC now owns 63,415 shares of the real estate investment trust’s stock worth $1,171,000 after buying an additional 7,815 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI dropped their target price on Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday.

Insiders Place Their Bets

In other Urban Edge Properties news, CFO Mark Langer sold 93,962 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $23.57, for a total transaction of $2,214,684.34. Following the sale, the chief financial officer now directly owns 35,816 shares in the company, valued at approximately $844,183.12. The trade was a 72.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the chief executive officer now owns 1,931 shares of the company’s stock, valued at approximately $43,350.95. The trade was a 99.20 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Urban Edge Properties Stock Down 1.1 %

Urban Edge Properties stock opened at $21.37 on Friday. The stock has a market cap of $2.67 billion, a PE ratio of 9.58 and a beta of 1.53. Urban Edge Properties has a 1-year low of $15.81 and a 1-year high of $23.85. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 1.30. The stock’s fifty day moving average is $22.53 and its two-hundred day moving average is $20.84.

Urban Edge Properties (NYSE:UE) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 EPS for the quarter. The company had revenue of $112.26 million for the quarter. Urban Edge Properties had a return on equity of 20.89% and a net margin of 59.23%. On average, sell-side analysts expect that Urban Edge Properties will post 1.32 EPS for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 3.18%. Urban Edge Properties’s payout ratio is currently 30.49%.

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.